TDC provides growth capital to support Eden Futures regional expansion

Tosca Debt Capital (TDC) has completed an undisclosed investment with a specialist provider of supported living services, marking the regional debt fund’s ninth deal from its c.£240m Fund II.

Headquarted in Newark, Nottinghamshire, Eden Futures delivers person-centred support services for people with complex care needs, helping individuals with severe learning disabilities, austistic spectrum disorders and mental health issues, to live independently.

The £30m+ turnover care group provides supported living services to more than 600 service users, from a property portfolio that spans the North West, Yorkshire, Midlands and Wales. Its workforce of over 1,000 specially trained staff assist with routine activities to round the clock, one-to-one care; helping meet the individual needs of the adults they support.

Backed by Sovereign Capital, Eden Futures will use TDC’s capital to expand its national footprint and drive growth in underserviced regions, including the North West.

The group works closely with property developers, local authorities and housing associations to design and implement new services, with recently opened and planned developments in Chorley, Warrington, Cheshire East and Cumbria. TDC’s investment will support continued expansion across the UK.

Andy Dean, Chief Financial Officer at Eden Futures, said: “The TDC team were engaging throughout the deal process and demonstrated a deep understanding of our business, delivering an attractive funding package that achieves a number of strategic objectives for the board. We look forward to working together during this exciting phase of growth for the group.”

Craig Monks, Investment Executive at TDC, added: “Eden Futures has established itself as a market leader in quality provision of supported living services. The group has achieved exceptional growth from addressing the unmet and often complex needs of service users with in a market undersupplied by quality service provision. We are delighted to partner with the business and our investment provides the foundation for another exciting phase of growth for the group.”

Addleshaw Goddard advised TDC on the transaction, whilst Livingstone Partners and Pinsent Masons acted on behalf of Eden Futures.