Ashurst advised Deutsche Apotheker- und Ärztebank e.G. (apoBank), DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, NIBC Bank N.V. and Stichting Juridisch Eigenaar ASR Private Debt Fund I as lenders on the financing of the acquisition of Onesta Holding GmbH (Onesta) by PflegeButler Häusliche Pflege mit Stil GmbH (PflegeButler). Details of the transaction have not been disclosed.
Limburg-based Onesta with around 500 employees offers services for people in need of care. Founded in 2015, the company has a diversified offering of assisted living, day care, ambulatory care and ambulatory intensive care. In a total of 9 facilities in Hesse and Rhineland-Palatinate, Onesta provides care for over 500 people.
PflegeButler currently operates 11 facilities for assisted living, day care and ambulatory services. By 2023, several more residential parks and additional extension buildings will be opened. Thus Onesta and PflegeButler combined will provide care with around 1,900 employees for more than 2,000 people in need of care over the next years. The opening of further facilities is planned beyond the 2023 pipeline.
The Ashurst team was led by partner Dr Matthias Weissinger. He was assisted by senior associate Franziska Sauer and transaction lawyer Ena Selimbegovic (all Global Loans).
Ashurst regularly provides advice on acquisition financings and refinancings in the German care market.
