Clifford Chance has advised European financial investor Chequers Capital, Paris, on the sale of Silver Care Group, a Munich-based operator of nursing homes, to the French company Orpea.

The Silver Care Group comprises of 61 nursing homes with a total of approx. 6,000 beds. The Silver Care Group generates a turnover of about EUR 200 million.

Orpea operates 521 care facilities across Europe – homes for elderly as well as rehab hospitals and psychiatric nursing homes – with more than 51,000 beds.

The Clifford Chance team was led by partner Burc Hesse and comprised senior associate Dr. Albrecht Brodhun, associate Regina Goebel (all Corporate/Private Equity, Munich), partner Dr. Peter Dieners and senior associate Maria Heil (both Healthcare, Düsseldorf), associate Annika Schnell (Corporate/Employment law), senior associate Dorothea Schimmel (Real Estate) and partner Thomas Weitkamp (Banking & Capital Markets) – all Munich – as well as Dr. Uwe Schimmelschmidt (Tax, Frankfurt) and counsel Cord von Mandelsloh (Tax, Düsseldorf). In addition, lawyers from Clifford Chance's Luxembourg office worked on the deal.

A team led by Burc Hesse had already advised Chequers Capital on the acquisition of Silver Care Group in 2010. Burc Hesse advises Chequers Capital on a regular basis on transactions, such as the acquisition of Cordenka Group, Versatel Kabel, the majority in electronics manufacturer Metabo, Deutsche Fachpflege Holding and, most recently, on the sale of DTK Deutsche Telekabel Group to PrimaCom.