CHANGE OF OWNERSHIP AT VITANAS AND PFLEGEN & WOHNEN HAMBURG
Frankfurt, 14. August 2017 – The owners of Vitanas Holding GmbH (Vitanas) and PFLEGEN UND WOHNEN HAMBURG GmbH (PFLEGEN & WOHNEN HAMBURG) have successfully sold their majority shareholdings in the companies to funds managed by Oaktree Capital Management, L.P. (“Oaktree”).
Vitanas and PFLEGEN UND WOHNEN HAMBURG are amongst the largest private nursing home operators in Germany with collectively 8,300 care beds. Vitanas was previously owned by the family of Nikolai P. Burkart (Burkart Verwaltung GmbH). PFLEGEN UND WOHNEN HAMBURG GmbH was equally owned by Andreas Franke Unternehmensgruppe and Vitanas.
ACXIT Capital Partners and equinet Bank AG have exclusively advised the sellers in this transaction. The parties agreed not to disclose any details of the transaction.
Vitanas is one of the leading private healthcare operators in Germany. Among its key competencies are stationary and ambulant nursing care for seniors, geriatric care, care for mental illnesses i.e. mentally and in part physically disabled, and in-house training of personnel. As of May 2017, Vitanas employs approx. 4,400 people and offers a total capacity of 5,685 care beds.
About PFLEGEN & WOHNEN HAMBURG
PFLEGEN & WOHNEN HAMBURG is the largest stationary care provider in Hamburg. The organization offers stationary and short-term care for seniors, young adults and special care for dementia, awake coma, korsakoff syndrome, alcoholism and intercultural nursing care. As of May 2017, PFLEGEN & WOHNEN HAMBURG employs approx. 1,800 people and offers a total capacity of 2,691 care beds.
Oaktree is a leader among global investment managers specializing in alternative investments, with $99 billion in assets under management as of June 30, 2017. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities. Headquartered in Los Angeles, the firm has over 900 employees and offices in 18 cities worldwide. For additional information, please visit Oaktree’s website at http://www.oaktreecapital.com/.
ABOUT ACXIT CAPITAL PARTNERS
ACXIT Capital Partners is a leading international corporate finance and investment advisory firm for mid-market clients and entrepreneurs in Europe and beyond. Since 1998, ACXIT offers its clients comprehensive corporate finance advisory services including M&A and capital markets advisory as well as restructuring, equity/debt and strategic advisory. As an independent, privately owned firm we maintain offices in Frankfurt, Berlin, Munich, Leipzig, Zurich and Hong Kong as well as strong alliances in France, China, India and the USA. (www.acxit.com)
With now 12 transactions in the European nursing care and rehabilitation segment ACXIT Capital Partners has established itself as the leading advisor for M&A and financing transactions in this important and fast growing sector.
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ACXIT Capital Holding GmbH
Bockenheimer Landstraße 24
60323 Frankfurt am Main
Dr. Ingmar Ackermann, Managing Partner
Thomas Klack, Managing Partner
Ruta Hildebrand, Executive Director
Stefan Hampker, Associate
Marco Volk, Analyst