Ashurst advised Deutsche Apotheker- und Ärztebank e.G., 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 PflegeButler Häusliche Pflege mit Stil GmbH (PflegeButler) by Armira Holding Group (Armira). Details of the transaction have not been disclosed.
Founded in 2007, PflegeButler with headquarters in Friedeburg/Lower Saxony has grown steadily in recent years and currently serves 620 customers in 10 assisted living facilities. By 2023, 425 apartments will be added in a further 6 residential parks and additional extension buildings.
Armira invests equity-tickets from €20m to €200m in privately-held medium-sized businesses in the D-A-CH region. The Munich-based holding group focuses on established, profitable companies with sales between €50m and 500m.
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). Senior associate Christian Sotta advised on tax law.
Ashurst regularly provides advice on acquisition financings and refinancings in the German care market.
