Ashurst advised Dorea GmbH (Dorea), a leading German operator of care and senior citizens' facilities, on a new credit facility of around € 90 million and an acquisition line of € 35 million to support further growth.
Dorea was founded in 2015 by Axel Hölzer with the support of Quadriga Capital (Quadriga). In the course of a determined buy-and-build strategy with more than 30 takeovers, a leading company throughout Germany in terms of quality has been created in the expanding care market. As the fastest-growing care service provider in Germany, the company currently operates 70 care facilities with more than 6,800 beds and provides outpatient care services for around 1,200 elderly people. Following the sale of its majority stake in Dorea by Quadriga to the French Groupe Maisons de Famille in November 2018, the care provider was again able to significantly increase its growth rate.
Ashurst also worked with Dorea and Alantra, a global investment banking and asset management company focusing on the mid-market segment, on previous financings.
The Ashurst team was led by partner
Anne Grewlich. She was assisted by counsel
Dr Philipp Vorbeck, senior associate
Gabrielle Metherall, associate Emilie Veyran-Müller and paralegals Isabelle Renninger and Ouafaa Elouariachi (all
Finance).
Tax advice was provided by partner
Dr Anders Kraft and senior associate
Dr Susanne Knoch (all
Frankfurt).
The German Ashurst team worked closely with partner
Pierre Roux and associate
Kévin Boyero (both Finance) from the
Paris office to support both Dorea and Groupe Maisons de Famille.
