European Special Situations

Care homes operator

Warwick was the majority shareholder in a UK private-pay operator of 36 purpose-built, all-inclusive, 24-hour residential and dementia care homes. This investment required an operational turnaround with a particular focus on improving staffing efficiencies and increasing the proportion of private-pay residents. Under Warwick ownership, the estate grew from 17 to 36 homes and the group’s regulatory compliance improved significantly – to become one of the best rated operator in the UK, with over 90% of rates homes ranked “Outstanding” or “Good” by the UK Care Quality Commission. Warwick successfully exited this investment in 2023.

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.

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.

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 based 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 200 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 in 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.