Taylor Wessing advises Health Investment Holdings Limited on multi-million pound fundraising
European law firm Taylor Wessing LLP has advised independent hospital operator Health Investment Holdings Limited (HIHL) on its latest round of successful fundraising, including a £20 million investment from leading fund managers BlackRock Investment Management (UK) Limited. This is the seventh round of financing that HIHL has completed in five years, with BlackRock joining Balderton Capital and BlueCrest. HIHL have now raised £100m of equity.
HIHL is the fastest-growing independent hospital operator in the UK, running hospitals via Circle, a partnership between doctors, nurses and ancillary staff. Taylor Wessing advised HIHL during this latest fundraising process, helping to secure backing for the group’s ambitious plans to build 27 hi-tech new private hospitals in the UK. Corporate partner Howard Palmer led the Taylor Wessing team, assisted by associate Jennifer Ferguson.
Commenting on the deal, Howard Palmer said:
“We are delighted to have acted for Health Investment Holdings Limited on this latest round of fundraising, helping to give more people access to high-level medical care. This vote of confidence in HIHL by investors is a great success in a challenging investment climate and demonstrates that there are still growth opportunities for quality businesses.
BlackRock were advised by its in-house legal team.
Notes to editors
For more information or to speak to Howard Palmer, please contact Sarah le Cheminant or Helen Needham:
Tel: +44 (0)20 7300 4930 / 4156
Taylor Wessing LLP is a leading law firm providing support for commercial organisations doing business in Europe, the Middle East and China.
