The corporate team at Burges Salmon has advised specialist fund manager Bridges Fund Management (Bridges) on its investment in children's residential care provider New Reflexions.
Bridges’ investment was made through its new permanent capital vehicle Bridges Evergreen Holdings (Evergreen), which was launched last year to provide long-term support for ambitious mission-led enterprises.
The investment will support Shropshire-based New Reflexions as it expands its residential care services for young and vulnerable people into other areas of the UK.
New Reflexions delivers integrated care, therapy and education to young people with complex needs. It currently operates seventeen children’s care homes, four response homes and a specialist school.
The team at Burges Salmon was led by partner Mark Shepherd with support from senior associates Tim Roberts and Douglas Streatfeild-James and other specialists at the firm.
This latest news follows the firm also advising Bridges and management on the sale of Babington Group to RJD Partners in April last year.
Mark Shepherd says: "We are pleased to have worked with Bridges again. This investment for Bridges Evergreen Holdings, being its first since launch, marks a significant step in Bridges’ work to support high-impact companies helping to address big societal challenges.”
Bridges’ Scott Greenhalgh comments: “We have enjoyed working with Burges Salmon again and thank them for their good work on this transaction."