Clifford Chance advised private equity investors HgCapital and Advent on the sale of Casa Reha group to Curanum AG, held by Korian SA. Completion is subject to regulatory approval. The parties have agreed not to disclose the purchase price.

Founded in 1995, Casa Reha is one of the leading German providers of care services for the elderly. The company’s current portfolio consists of 70 nursing homes with more than 4,000 employees.

Korian group was founded in 2003 and is the European market leader for care services for the elderly with a capacity of more than 59,000 residents and patients and around 40,000 employees in France, Germany, Italy and Belgium.

The Clifford Chance team was led by partner Joachim Hasselbach and comprised counsel Frederik Mühl and associates Paul Bock and Liza Laube (all Corporate/Private Equity, Frankfurt), partner Dr. Uwe Schimmelschmidt (Frankfurt) and counsel Cord von Mandelsloh (Düsseldorf, both Tax), partner Marc Besen (Antitrust, Brussels/Düsseldorf), partner Barbara Mayer-Trautmann and senior associate Susanne Baier (both Banking & Capital Markets, Munich), partner Dr. Stefan Simon, senior associate Susanne Julis and associate Dr. Christopher Fischer (all Employment, Frankfurt), partner Dr. David Elshorst, senior associate Amrei Fuder and transaction lawyer Anja Roth (all Real Estate, Frankfurt) as well as senior associate Maria Heil (Corporate/Healthcare, Düsseldorf).