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Carlyle ‘prepping sale of Alloheim’ua
Posted on Friday, 14 July 2017 13:58
Private equity giant the Carlyle Group is to sell German nursing home operator Alloheim, according to Reuters.

Citing people close to the situation, the news provider said the investor is preparing to divest the company in a bid to capitalise on favourable market conditions.

They added that Goldman Sachs and JP Morgan currently lead the pack as Carlyle moves towards appointing advisors to assist on the deal.

As yet no agreement has been announced; Reuters’ sources said this is likely to take place in the autumn.

It is not clear how much Carlyle hopes to raise from the divestment.

The private equity firm acquired Alloheim for a reported EUR 180.00 million in August 2013, with Star Capital Partners exiting the business as a consequence.

Since then the care home operator has made a few acquisitions of its own, most recently in May of this year, when it picked up domestic peer Senterra for an undisclosed consideration.

Other recent targets include social facility operator AGO Betriebsgesellschaft fur Sozialeinrichtungen and Lubeck-based care home player Senator Beteiligungen.

Alloheim was established in 1973 with the opening of its first location, it now operates 155 inpatient care facilities, 27 assisted living facilities and 13 outpatient locations.

According to its website, the company, which employs some 14,500 people, is one of the three largest private nursing home operators in Germany.

Zephyr, the M&A database published by Bureau van Dijk, shows that since the beginning of 2017, there have been five announced deals targeting German nursing care facility operators.

Only one of these had a disclosed value as Hemso Fastighets agreed to pay SEK 210.00 million (EUR 22.02 million) for a Bremen-based location owned by asset manager Hansainvest Real Assets.

The other deals agreed during the year to date targeted Margarethenhof, Senterra, BayernStift–Gesellschaft fur soziale Dienste und Gesundheit and five nursing homes owned by Procuritas.

© Zephus Ltd