Ashurst advised CURA group on this refinancing.
The funds provided by Raiffeisen Bank International AG serve to refinance various promissory notes and bilateral loans of CURA. The refinanced real estate portfolio consists of 45 care facilities in Germany including, inter alia, Bad Saulgau, Cologne, Halle, Lübeck, Pasewalk, Leipzig and Baden-Baden.
CURA is a private provider of health care services. The Berlin-based group comprises Cura Kurkliniken Seniorenwohn- und Pflegeheime GmbH, Maternus-Kliniken AG, Iryo Gesellschaft für Gesundheitsmanagement GmbH and service provider Recatec. CURA’s range of services includes inpatient and outpatient care and support for senior citizens, apartments in assisted living, home emergency services, specialist and rehabilitation clinics as well as services for the disabled.
The Ashurst team was led by partner Derk Opitz (Picture). He was assisted by associate Dr Jan Ulrich Heinemann, associate Patrick Rauch and transaction manager Carina Gläßl (all Finance, Frankfurt). Further assistance was provided by partner Jan Krekeler and senior associate Anna-Maria Krekeler (both Corporate, Frankfurt) and partner Nicolas Deuerling (Real Estate, Frankfurt).
Law Firms: Ashurst;
Clients: CURA group;