Chequers Capital’s acquisition of German care home operator EMVIA Living

Ardian Private Debt, a division of Ardian, the independent private investment company, announced that it has provided a Unitranche financing supporting Chequers Capital, in their acquisition of EMVIA Living, a leading operator of care homes in Germany.

The financing also includes an additional committed debt facility to further support the company’s expansion plans.

EMVIA Living, established through a carve-out of the operating business comprising 46 stationary care homes from MK-Kliniken AG, is an independent private company based in Hamburg and Berlin. EMVIA Living has a capacity of around 5,500 beds to service people in need of care and has around 3,200 employees. With c. €200 million in revenues, the company is one of the leading players in its sector in Germany. The company is managed by Markus Speckenbach as CEO.

Ashurst advised Ardian Private Debt on the financing of the acquisition with a team led by finance partner Dr Bernd Egbers (picture), assisted by counsel Dr Karsten Raupach, counsel Carsten Endres and transaction managers Anna Zoth (all finance) and Anna Jevsejeva (finance).

Frankfurt-based finance partner Anne Grewlich, assisted by senior associate Gabrielle Metherall, advised NIBC Bank and Bank of Ireland as super senior lenders on the granting of a super senior working capital facility. Partner Holger H. Ebersberger and associate Nicole Kaps (both corporate), partner Dr Martin Bünning and associate Carina Park (both tax) as well as partner Dr Maximilian Uibeleisen (healthcare / public law) also advised.

Involved fees earner: Bernd Egbers – Ashurst; Karsten Raupach – Ashurst; Carsten Endres – Ashurst; Anna Jevsejeva – Ashurst; Anna Zoth – Ashurst; Anne Grewlich – Ashurst; Gabrielle Metherall – Ashurst; Holger Ebersberger – Ashurst; Nicole Kaps – Ashurst; Martin Bünning – Ashurst; Carina Park – Ashurst; Maximilian Uibeleisen – Ashurst;

Law Firms: Ashurst;

Clients: Bank of Ireland; NIBC Bank; Ardian Private Debt;

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