Kos’s €90 Million Acquisition Of Charleston Holding GmbH

Carnelutti Studio Legale and SKW Schwarz Rechtsanwälte advised KOS on the transaction.

KOS, a subsidiary of publicly listed CIR Group, acquires 100% of the shares in Charleston. The volume of the transaction, which does not include Charleston’s real estate portfolio, is about EUR 90 million. The transaction is subject to customary regulatory approvals and is expected to close by the end of October 2019.

KOS is one of Italy’s leading providers of nursing homes. Founded in 2002 by CIR Group, the company operates facilities for long-term care, diagnostics, and oncology in Italy, the UK, and India and is also active in hospital management. In 2018, the group generated sales of some EUR 545 million. With the acquisition of Charleston, the number of facilities managed by KOS increases from 85 to 132, comprising a total of more than 12,000 beds, with about 11,200 employees. The acquisition represents the first entry of KOS into the German market.

Charleston Holding is a leading German operator of residential and care centers, outpatient care services, and day nursing care facilities. Operating at 47 sites in five German states, the company offers more than 4,000 beds for people in need of care. Charleston generated sales of some EUR 152 million in 2018.

Carnelutti Studio Legale provided assistance with a team led by partners Carlo Pappalettera (Picture) and Alessandro Asti.

SKW Schwarz Rechtsanwälte acted with a team based in Munich led by Dr. Sebastian Graf von Wallwitz, LL.M. (Corporate/M&A), Dr. Matthias Nordmann, M.A. (Data Protection), Margret Knitter, LL.M. (IP), Dr. Petra Steinheber (Counsel, Real Estate), Marion Anzinger (Counsel, Corporate/M&A), Eva Bonacker (Counsel, Corporate/Antitrust), Wilhelm Freiherr von Feilitzsch (Associate, Corporate/Commercial), Nikolai Schmidt (Associate, IT /Data Protection) and a team based in Berlin composed by Dr. Klaus Jankowski (Real Estate, Social Security) and Friedemann Scholten, LL.M. (Counsel, Real Estate).

Involved fees earner: Alessandro Asti – Carnelutti Studio Legale Associato; Carlo Pappalettera – Carnelutti Studio Legale Associato; Marion Anzinger – SKW Schwarz; Eva Bonacker – SKW Schwarz; Sebastian Graf von Wallwitz – SKW Schwarz; Klaus Jankowski – SKW Schwarz; Margret Knitter – SKW Schwarz; Matthias Nordmann – SKW Schwarz; Nikolai Schmidt – SKW Schwarz; Friedemann Scholten – SKW Schwarz; Petra Steinheber – SKW Schwarz; Wilhelm Freiherr von Feilitzsch – SKW Schwarz;

Law Firms: Carnelutti Studio Legale Associato; SKW Schwarz;

Clients: KOS S.p.A.;