Jamieson Corporate Finance is pleased to announce its role advising RBS Equity Finance (“RBSEF”) on its investment in Pegasus Retirement Homes plc. RBSEF have backed the existing management team of Pegasus to acquire the business from the Rowlandson Organisation.
The management team, led by Chief Executive Peter Askew have been able to take a majority stake in the business going forward under the deal with RBSEF.
Pegasus is one of the UK’s leading developers of purpose built retirement properties exclusively for the active retired. Since its first development in Cheltenham in 1984, the company has built in over 53 locations, providing in excess of 1200 homes and earning numerous industry and architectural awards for its developments.
“RBS successfully used their unique funding structure and sector knowledge to succeed in a highly competitive auction process. With a strong land bank in place and the favourable demographic drivers of the retirement homes market, Pegasus represents an extremely compelling investment.”
Ian Jamieson, Jamieson