Trade Sale of Römergarten Residenzen

Frankfurt, November 2020. ACXIT Capital Partners acted as the exclusive M&A and financial advisor to the shareholders on the trade sale of Römergarten Residenzen GmbH and Römergarten Senioren-Residenzen Ba-Wü GmbH, high-quality operators of elderly care facilities, to the global infrastructure investment manager I Squared Capital.

Established in 2012 and based in Schifferstadt, South West Germany, Römergarten currently operates elderly care residences in the federal states of Rhineland-Palatinate, Hesse and Baden-Württemberg, providing a range of services, including nursing care, assisted living and specialised dementia care. Römergarten has a portfolio of modern nursing homes across 20 sites, with 2,000+ beds.

This acquisition, which provides a strong elderly care platform for the market entry in Germany, builds on I Squared Capital’s existing experience in European healthcare with Domidep, one of France’s largest private operator of elderly care homes, acquired in 2019. 

The previous owners of Römergarten, Alois Sieburg, Stefan Schambach and Peter Kinscherff, are convinced that they found the right partner for Römergarten to preserve the company’s identity and understanding of quality care in a family environment, safeguard jobs, drive the Group’s growth with a clear perspective and ensure stability. 

Adil Rahmathulla, Managing Partner of I Squared Capital: “Römergarten has an excellent track record of providing high-quality care to its residents in Germany. As an established, long-term investor with a strategic ambition to build a European health care platform of scale, I Squared Capital looks forward to supporting the growth of essential health and social care providers. Our existing investment in Domidep means we are well placed to work with the experienced Römergarten management team to grow the business, while ensuring best practice and high standards of care for residents.”

The parties have agreed not to disclose the financial terms of the transaction.
Following the sale of Medical Senioren Park to Quadriga Capital, this transaction represents the second deal of ACXIT Capital Partners in the nursing care market in Germany in 2020. 

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.

About Römergarten Residenzen

Römergarten Residenzen, based in Schifferstadt in Rhineland-Palatinate, is an operator of elderly care facilities. The homes provide stationary nursing care services, as well as assisted living and specialized dementia units at certain facilities. Founded in 2012, the company currently operates 20 residences in the federal states of Rhineland-Palatinate, Hesse and Baden-Württemberg. 

About ACXIT

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 restructuring, debt and strategic advisory. As an independent, privately owned firm we maintain offices and representations in Frankfurt, Berlin, Munich, Zurich, Hong Kong and New York as well as strong alliances in the UK, France and India.

 

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