Lloyds Banking Group and Anchorage Capital Group
could not be reached for a comment outside of regular business
"Anchorage Capital Group will work alongside NCC's founder, Paul
Warren, who will retain a significant stake in the company, to
support the growth and development of the business", the care
home group said on its website.
Sources told Sky that NCC does not have any other debt left
after Anchorage agreed to swap loans it bought from Lloyds into
an equity position.
New Century Care, which operates 27 care homes across the United
Kingdom, was founded in 1995 and provides long-term care to
people with dementia and specialist nursing needs.
(Reporting by Aashika Jain in
Bangalore; editing by Eric Walsh)
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