Chequers Capital acquires Emvia Living

Chequers drew equity from Chequers Capital XVII, a €1.1bn fund that held a final close in May 2017, to support the transaction.

Ardian Private Debt provided a unitranche facility and an additional committed debt facility to finance the transaction and support further expansion plans.

Chequers said the company's broad and diversified network of individual homes and regional knowledge made it well positioned for further growth.

Company
Emvia Living is a division of MK-Kliniken and has a capacity of 5,500 beds. The nursing home operator is headquartered in Hamburg but has facilities in 12 German federal states. It employs 3,200 people and generates revenues of €200m.

People
Emvia Living – Markus Speckenbach (CFO).

Advisers
Equity – Latham & Watkins, Burc Hesse, Sebastian Pauls, Stephan Hufnagel, Rieke Klie, Maximilian Holm, Georg Piroth, Susanne Decker, Christian Jahn, Thomas Freund, Folko Moroni, Paulina Zulawski, Judith Kreher, Immo Schuler, Stefan Süß, Jennifer Geng, Tobias Leder, Annika Juds, Thies Deike (legal); Novacos, Maria Heil (legal); CMS, Stefan Voß (legal).

Vendor – Görg, Christian Becker, Daniel Rubner, Beatrice Gack, Lutz Pospiech, Christian Bürger, Michael Gierth, Stefan Heyder, Ulrich Fülbier, Cornelia Kinast, Melanie Ries (legal); GvW, Wolfram Müller, Carsten Bittner (legal); Linklaters, Wolfgang Krauel, Dirk Horcher (legal).

Debt – Ashurst, Bernd Egbers, Karsten Raupach, Carsten Endres, Anna Zoth, Anna Jevsejeva, Holger H. Ebersberger, Nicole Kaps, Dr. Martin Bünning Carina Park, Maximilian Uibeleisen (legal); Alantra (corporate finance).

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• Topics
• Buyouts
• DACH
• Healthcare
• Germany
• Chequers Capital
• Ardian (formerly Axa PE)