European Flagship Funds

Care homes operator

Warwick is the majority shareholder in a private-pay operator of 30+ purpose-built, all-inclusive, 24-hour residential and dementia care homes predominantly based in the North of England and the Midlands. Since Warwick’s acquisition, the estate has grown from 16 to 32 homes, with this number set to increase. This investment required an operational turnaround with a particular focus on improving staffing efficiencies and increasing the proportion of private-pay residents. Since Warwick’s involvement, the group’s regulatory compliance has significantly improved – Ideal Carehomes is now the best rated operator in the UK, with 95% of rated homes ranked “Outstanding” or “Good” by the Care Quality Commission.

Technical textile manufacturer

In 2016, Warwick purchased Porcher, a global business specialising in technical textiles for the aerospace, automotive and sports industries, out of French administration and assembled a highly experienced team to implement a comprehensive operational restructuring plan. Porcher has a global presence with over 12 industrial sites worldwide, c.€320m of sales and c.1,600 FTE employees.

Glass fibre manufacturer

In 2021, Warwick purchased Valmiera, a European glass fibre manufacturing business headquartered in Latvia, out of Latvian Protection Plan (pre-insolvency proceedings) and swiftly implemented a financial restructuring alongside an operational improvement and investment capex plan. Valmiera is one of the leading glass fibre manufacturers in Europe with c.1,300 FTE employees in operations in Latvia and the UK and c.€130m of sales.

Challenger Bank

Allica Bank is a UK challenger bank focused on the underserved SME market. Allica offers a full banking service to SMEs including commercial mortgages, asset finance, invoice finance, payments and current accounts, all backed by leading edge technology. During its period of ownership, Warwick has invested significant capital and resource into Allica, overhauled its corporate governance framework and accelerated its growth plan by structuring additional outside investment.

Litigation Finance

Warwick is backing a high-profile team of experienced litigators based in New York to fund cases in tort, complex business disputes and patent / intellectual property. Although the litigation finance space has enjoyed an increase in capital over recent years, it was relatively nascent at the time of investment. The complex nature of the asset base (i.e. the funded cases) required a nuanced approach to diligence, which entailed a thorough review of the sector, and a sophisticated attitude towards assessing value and risk.

Private Rental Sector

Warwick has backed Eden Living to launch a private rented sector (“PRS”) business focusing on the acquisition and subsequent letting of newly-built housing in South Wales and Southwest England, offering 2-4 bedroom single-family homes in suburban areas. Eden Living partnered with Edenstone Homes to acquire up to 400 single-family homes for which Edenstone will provide a “ready to move in” fit and finish. Although there are plenty of single occupancy flats available for the private rental sector, we identified that the single family home demand was significantly underserved and aim to address this as part of our investment into Eden Living.