Coffin Mew advised BGF on £3.85m investment

Coffin Mew has advised the Business Growth Fund (BGF) on its £3.85m investment into Dolphin Homes, a South Coast based specialist care provider for young adults with complex health needs.

Dolphin Homes was founded by Peter Heather in 1988, and now operates care homes in Hampshire, West Sussex and Surrey. Nick Heather, Peter’s son, joined the business in 2005 as Managing Director and continues in that role following BGF’s investment. Nick Heather is joined by new director Mark Beadle who is currently also Chairman of BGF-backed Springfield Healthcare.

The invested funds will be used for the provision of two new care homes in Hampshire, as well as investing further into Dolphin’s existing homes.
The team at Coffin Mew was led by Corporate Partner, Nick Gross, who was assisted by solicitor, Jonathan Sherman. Support was also provided by Eve Laws in Coffin Mew’s commercial property team.

Nick Gross said of the transaction: “We were delighted to help BGF to invest into this growing company, operating in an important sector in Hampshire. With BGF’s financial backing and business acumen, we have no doubt that Dolphin will flourish. This transaction demonstrates Coffin Mew’s continued involvement in growth businesses and the investors which support them.”

Greg Norman of BGF, who led the investment with Edwin Davies and Ned Dorbin, said of Coffin Mew’s involvement:

It was a pleasure to work with Nick and the team on this transaction. Their responsive and proactive approach ensured a smooth completion into an exciting investment opportunity.

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