Watson Farley & Williams (“WFW”) has advised Perpetua Holding GmbH (“Perpetua”) on its acquisition of a majority stake in care services provider Artemed Pflegezentren – to be known going forward as ArteCare – from Artemed SE. Going forward, Perpetua has an 82.5% stake in ArteCare.
Perpetua will work with Artemed Pflegezentren’s existing management to accelerate growth by developing new facilities, expanding its service portfolio and investing in new inorganic growth opportunities.
Berlin-headquartered Perpetua focusses on long-term investments into stable, small and medium-sized enterprises across Europe. The company invests up to €100m annually into a growing portfolio, ensuring professional shareholding and suitable financing structures to enable companies to deliver on thriving strategies.
Artemed Pflegezentren was founded in 2007 by its current CEO Philipp Hünersdorf and Artemed SE, a privately owned hospital group based in Tutzing, Bavaria. With seven facilities across North and West Germany capable of supporting 750+ inpatients on a daily basis, Artemed Pflegezentren provides innovative care services for elderly and other people with specific illnesses with a focus on developing and operating inpatient care homes as well as integrated and assisted living solutions.
The WFW Germany that advised Perpetua was led by Corporate Partner and WFW Germany Head Marcus Bechtel, working closely with fellow Partners Christine Bader (Regulatory), Verena Scheibe (Tax), Felix Siebler (Regulatory) and Andreas Wiegreffe (Employment) and Counsel Thomas Wölfl (Real Estate). They were assisted by Managing Associates Nora Fleischhauer (Employment), Tanja Mado (Corporate), Senior Associate Robert Müller (Corporate) and Associates Paul Philipp Greef, Sebastian Hamm and Jonathan Möller (Regulatory), Manuel Rustler (Tax) and Roman Schneider (Projects and Structured Finance) as well as Transaction Lawyer Asha Meon (Employment).
This is the second acquisition WFW has advised Perpetua on, following their acquisition of a majority stake in call-centre services provider Nothelle with WFW’s support in June this year.
Marcus commented: “We are delighted to have once again advised Perpetua on a significant and strategic acquisition, demonstrating WFW’s increasing reputation for corporate legal excellence across all sectors in Germany”.