Luxempart, a private equity investor listed in Luxembourg, and the current shareholders of Deutsche Fachpflege Gruppe (DFG) have agreed on a growth investment by Luxempart into DFG.
With approximately 3,300 employees and more than 600 patients, DFG is the market and quality leader in outpatient intensive care in Germany. DFG currently owns 16 outpatient care services and one non-profit facility, and cares for patients throughout Germany both on an individual basis and in over 50 care groups. Specially trained staff supervise and care for patients who require intensive care and ventilation up to 24 hours a day.
“We are very pleased that DFG’s shareholders have given us the opportunity to invest in DFG,” said Jacquot Schwertzer, Managing Director of Luxempart. “DFG is a leading company with a highly motivated management team, which has positioned itself excellently in an important future market. We hope our minority shareholding will help DFG to continue growing and facilitate the active consolidation of a market that is still highly fragmented.”
“In Luxempart we have found a very professional and entrepreneurial partner to take DFG further. We are deeply impressed by the speed at which Luxempart operates: they handled the whole process in an efficient and focused way, taking care not to disrupt the ongoing daily business. We look forward to working with each other, and ushering in the next phase of DFG’s growth together,” said Dr Karsten Hartmann from the majority shareholder of DFG, Chequers Capital.
For this transaction, Luxempart was advised by an Orrick team led by Düsseldorf partners
Sven Greulich and
Wilhelm Nolting-Hauff, who also supported Luxempart in its 2015 acquisition of a majority shareholding in the Weidinger Group, a leading provider of adult education services in Austria, and, most recently, in an add-on acquisition for Luxempart’s portfolio company Quip AG. The other members of the Orrick team included
Stefan Schultes-Schnitzlein (Tax),
André Zimmermann and Louisa Kallhoff (Employment Law),
Christian Schröder and Sophie Ratzke (IT/IP Law and Data Security), and
Johannes Rüberg (M&A).