Ashurst advised DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main (DZ Bank) and Deutsche Apotheker- und Ärztebank (apoBank) in relation to financings for the DOREA Group, a portfolio company of Quadriga Capital Private Equity Fund IV L.P. The financing is intended for acquiring Meritus Seniorenzentren GmbH (Meritus) as well as refinancing the DOREA Group. The parties have agreed not to disclose the financing volume and the purchase price for Meritus. The company was sold by ANTARIS health care Holding GmbH.

Meritus runs eleven nursing homes in Schleswig-Holstein, Lower Saxony and North-Rhine Westphalia and cares for over 900 senior citizens. Thus, the number of DOREA group's employees is rising to a total of 1,400 people who serve up to 1,800 senior citizens in 18 nursing homes. With the eleven Meritus homes and the two institutions acquired from the family business Frei in May 2016, DOREA group is generating a turnover of more than €55 million in less than a year after its establishment.

The Ashurst team was led by partner Dr Bernd Egbers and associate Isabell Pöller who were assisted by transaction manager Susanne Kasnitz (all finance, Munich). Partner Heiko Penndorf (Frankfurt) advised on tax law, corporate partner Holger Ebersberger (Munich) reviewed the SPA agreement of the Meritus transaction.