CMG announces debt for equity swap

Care provider for people with learning disabilities, Care Management Group (CMG), announced last month that it had refinanced with £47m of £107m debt replaced in a debt for equity swap which gives CMG’s syndicate of banks a 15% stake in the business.The deal, which is set to take effect next month (December 2013), places a…

Membership Required

You must be a CM Subscriber to view this content.

Subscribe Now »

Already have an account?