Shearman & Sterling advised Deutsche Apotheker- und Ärztebank eG (apoBank) and Skandinaviska Enskilda Banken AB (SEB) on the financing of the acquisition of Rehacon Group, one of the leading German providers of physiotherapy services, by Waterland Private Equity (Waterland).
Waterland Private Equity is acquiring a majority holding in Rehacon, a provider of physiotherapy services in Germany.Rehacon is headquartered in Gelsenkirchen, from where it runs more than 100 therapy centres, making it one of the largest providers on the market in continental Europe. The vast majority of Rehacon’s over 600 employees work directly with patients in the local therapy centres, helping the group to generate annual turnover of around 36 million euros. The shares are being sold by Reeder Invest GmbH, whose Managing Director Michael Reeder will retain a significant stake in Rehacon.
Reeder, the company’s founder, will also continue as head. The transaction is envisaged to be completed by March 2019, subject to approval by the competition authority, the Bundeskartellamt. The parties agreed that no details of the transaction would be disclosed.??
Shearman & Sterling advised Deutsche Apotheker- und Ärztebank eG (apoBank) and Skandinaviska Enskilda Banken AB (SEB) with a team led by Matthias Weissinger (Picture)
Involved fees earner: Matthias Weissinger – Shearman & Sterling;
Law Firms: Shearman & Sterling;