Berlin/Hamburg, 14. August 2017 – The owners of Vitanas Holding GmbH (Vitanas) and PFLEGEN UND WOHNEN HAMBURG GmbH (PFLEGEN & WOHNEN HAMBURG) have successfully sold their majority shareholdings in the companies to funds, managed by Oaktree Capital Management, L.P. (“Oaktree”).
Vitanas and PFLEGEN UND WOHNEN HAMBURG are amongst the largest private nursing home operators in Germany with collectively 8,300 care beds. Vitanas was previously owned by the family of Nikolai P. Burkart (Burkart Verwaltung GmbH). PFLEGEN UND WOHNEN HAMBURG GmbH was equally owned by Andreas Franke Unternehmensgruppe and Vitanas.
equinet Bank AG and ACXIT Capital Partners have exclusively advised the sellers in this transaction. The parties agreed not to disclose any details of the transaction.
Vitanas is one of the leading private healthcare operators in Germany. Among its key competencies are stationary and ambulant nursing care for seniors, geriatric care, care for mental illnesses i.e. mentally and in part physically disabled, and in-house training of personnel. As of May 2017, Vitanas employs approx. 4,400 people and offers a total capacity of 5,685 care beds.
About PFLEGEN & WOHNEN HAMBURG
PFLEGEN & WOHNEN HAMBURG is the largest stationary care provider in Hamburg. The organization offers stationary and short-term care for seniors, young adults and special care for dementia, awake coma, korsakoff syndrome, alcoholism and intercultural nursing care. As of May 2017, PFLEGEN & WOHNEN HAMBURG employs approx. 1,800 people and offers a total capacity of 2,691 care beds.
Oaktree is a leader among global investment managers specializing in alternative investments, with $99 billion in assets under management as of June 30, 2017. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities. Headquartered in Los Angeles, the firm has over 900 employees and offices in 18 cities worldwide. For additional information, please visit Oaktree’s website at http://www.oaktreecapital.com/.
equinet Bank is an independent investment bank focused on small- and mid-caps and medium-sized companies. Since 1999, we have been offering individual solutions in all aspects of corporate finance, especially for small and medium-sized companies and family businesses – both private and listed. In addition to advising on the national and international M&A transactions, we also include succession situations, new stock emissions/IPOs and capital increases, as well as the structuring of bonds and Corporate Schuldschein loans, among our core competences. With our long-standing network, international partners and our excellent market and investor approach, we have successfully completed more than 100 M&A and capital market transactions over the past 5 years.