Trade Sale of Römergarten Senioren-Residenzen
Frankfurt am Main, September 2021. ACXIT Capital Partners acted as the exclusive M&A and financial advisor to the shareholders on the trade sale of Römergarten Senioren-Residenzen GmbH, a high-quality operator of elderly care facilities, to Domidep a portfolio company of the global infrastructure investment manager I Squared Capital.
The portfolio of Römergarten Senioren-Residenzen comprises eight modern nursing homes in the federal states of Rhineland-Palatinate and Hesse, with a total of 660 beds, providing a range of services including nursing care, assisted living, and specialized dementia care.
This acquisition, concluded in August 2021, builds on the acquired platform of Römergarten facilities by I Squared Capital in December 2020, which served as a market entry in Germany and ideally expands the existing portfolio with nursing care facilities of the same brand.
Domidep, a portfolio company of I Squared Capital is one of France’s largest private operators of elderly care homes, founded in 1989. In addition to the Römergarten facilities, the group operates over 110 facilities in France and Belgium. For Domidep, the acquisition further strives the group’s internationalisation strategy and increases their geographical footprint in Germany.
Stefan Schambach, one of the previous owners of Römergarten Senioren-Residenzen: “We are pleased that once again we found with Domidep the right partner to preserve the identity of Römergarten facilities and that the Group’s growth is secured with all homes under one brand. Furthermore, we would like to thank the ACXIT Capital team, with their in-depth market knowledge and commitment, for the disciplined process management and comprehensive advice throughout the process.”
The parties have agreed not to disclose the financial terms of the transaction.
Following the acquisition of advita by DomusVi Group, and sale of Artemed Pflegezentren to Perpetua, this transaction represents the third deal of ACXIT Capital Partners in the nursing care market in Germany for 2021.
Founded in 1989, Domidep is one of the largest private operators of elderly care homes in France. With more than 110 establishments in France and Belgium and further 24 in Germany, Domidep serves more than 8,500 residents. The company is backed by the global infrastructure investment manager I Squared Capital.
About I Squared Capital
I Squared Capital is an independent global infrastructure investment manager with USD 18.3 billion in assets under management, focusing on utilities, digital infrastructure, transportation, social infrastructure and energy across North America, Europe, and select high growth economies in Asia and Latin America. The firm owns and operates a diverse portfolio of 30 companies in its targeted sectors and regions.
ACXIT Capital Partners is a leading international corporate finance and financial advisory firm for mid-market clients, and entrepreneurs in Europe and beyond. Since 1998, we offer our clients comprehensive corporate finance advisory services including M&A and capital markets advisory as well as debt and strategic advisory. As an independent, privately owned firm we maintain offices and representations in Frankfurt, Munich, Zurich, Hong Kong and New York as well as strong alliances in the UK and France. Our clients are corporations, family-owned businesses, entrepreneurs, financial sponsors and family offices.
Transaction Team ACXIT Capital Partners
Thomas Klack, Managing Partner
Stefan Hampker, Executive Director
Daniel Rival, Associate
Enes Dursun, Analyst
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Director, Strategic Communications
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