GCM of hunting for the new capital for nursing homes
Mr. Patel became famous when he slipped in the "Caisse des Prairies" involving donors labour case.?Photo: GEOFF PUGH
Care Management Group (CMG), in which Mr. Patel is the main shareholder, has hired advisors KPMG to work on a collection of capital equity fund.
In the declaration provided for the Sunday Telegraph, a spokesman for GMC said: "We can confirm the Group (CMG) care management has worked with advisers, KPMG, raising new capital for the company." It is, however, not entirely clear why GMC of Mr. Patel, a company specializing in the care of patients with problems of learning and mental health, need fresh equity.
A CMG spokesperson said: "group is planned attract additional capital for expansion ongoing custom support, we provide the United Kingdom for users of the services with learning disabilities and mental health needs.
Due to the situation of bankers thought that any agreement is capable of CMG value approximately 100 m £.
GMC used to belong to the company of private capital, Isis, but Mr. Patel has taken control of its banks, Commerzbank and intermediate Capital Group, in 2008, by its vehicle Court Cavendish.
Mr. Patel became famous when he slipped in the "Caisse des Prairies" involving donors labour case. He had his Peerage blocked by the House of lords appointment after the details of the so-called secret loans for the Labour Party have emerged.
However, Mr. Patel has denied any wrongdoing and withdrew his name from the list of candidates for a Peerage.
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