International law firm Ashurst advised BlackRock, the world's biggest asset manager, on its £95 million loan to Active Assistance, a care provider owned by specialist healthcare fund manager Montreux Capital.

The debt package will enable Active Assistance to finance its pipeline acquisitions for the foreseeable future, which it will seek to purchase with a mixture of equity and debt. Montreux Capital Management, which purchased Active Assistance in January, is planning to use the firm as its latest base for consolidating the UK's private healthcare sector.

The Ashurst team was led by banking partner Ross Ollerhead, assisted by senior associate Campbell Johnston and associate Andrew Lowndes. Tax advice was provided by partner Alex Cox and associate Martin Voelker.