The previous owners of Vitanas Holding GmbH ("VITANAS") and PFLEGEN & WOHNEN HAMBURG GmbH ("PFLEGEN & WOHNEN HAMBURG") have successfully completed the sale of the majority of their shares in the companies to the Oaktree group. Allen & Overy provided comprehensive advice to one of the sellers of PFLEGEN & WOHNEN HAMBURG in the sales process. Schrade & Partner acted as leading advisor to the VITANAS group on the sale. FPS Fritze Wicke Seelig advised the sellers in connection with the transaction, focussing on the areas of healthcare, social and real estate law.
VITANAS and PFLEGEN & WOHNEN HAMBURG are among the largest private nursing home operators in Germany with a joint capacity for more than 8,300 residents.
PFLEGEN & WOHNEN HAMBURG is the largest private provider of residential care in Hamburg, providing services in 13 facilities in the city. The company offers regular residential care and short-term care for elderly people, care for younger adults, special care for dementia patients, patients in a vegetative state, patients subject to a commitment order, persons suffering from Korsakoff's syndrome and alcoholics, as well as inter-cultural care. In May 2017, PFLEGEN & WOHNEN HAMBURG had approximately 1,800 staff and offered 2,691 resident places in its Hamburg facilities.
VITANAS ranks among the leading private nursing home operators in Germany. Its core competencies include residential and outpatient care and support for elderly persons, the treatment of geriatric patients, care of mentally ill persons or persons with mental, and in some cases also physical, disabilities as well as the training of nursing staff. In May 2017, VITANAS had approximately 4,400 staff and offered 5,685 resident places in its facilities.
The Allen & Overy team was lead by partner Dr. Hans Schoneweg (transaction management, Hamburg) and included partner Dr. Murad M. Daghles (Corporate/M&A, Düsseldorf), Marc Ponchione and Bill Satchell (both Banking, Washington D.C./USA) , counsel Dr. Rüdiger Klüber and Marie-Luise von Buchwaldt, senior associates Daniel Martin Schulz and Juliane Dieckmann-Keden as well as associates Patrick Buse and Dr. Christian Lismann (all Corporate/M&A, Hamburg) and also involved partners Dr. Börries Ahrens (Antitrust, Hamburg), Dr. Heike Weber (Tax, Frankfurt), Dr. Olaf Otting (Public Law, Frankfurt), counsel Dr. Christian Hilmes (Real Estate, Hamburg), senior associates Susanne Beckhaus (Banking), Dr. Roman Kasten (Private Equity), Martin Schmidt (Capital Markets), Peter Seidel (Tax), Dr. Andreas Ziegler (Public Law, all Frankfurt), associates Heiner Mecklenburg (Antitrust, Hamburg), Dr. Linda Wittor (Public Law, Frankfurt), Dr. Riccardo Marinello (Real Estate, Frankfurt) as well as transaction support lawyers Felix Lehmann, Alexander Gierend and Christin Götzke (all Hamburg).
The Schrade & Partner team was led by partner Dr. Hans-Joachim König (Villingen-Schwenningen) and comprised Dr. Thomas Giering, Sarah Schöbel and partner Dr. Tilman Schierig (all Berlin).
The team from FPS Fritze Wicke Seelig Partnerschaftsgesellschaft von Rechtsanwälten mbB was led by partner Dr. Georg Freiherr von und zu Franckenstein and included Dr. Patrick Tuschl (both Frankfurt).
