Waterland-backed Schönes Leben buys A+R Betriebsgesellschaft

Waterland acquired elderly care home operator Compassio via its new holding company, Schönes Leben, in late 2017 – the acquisition of Compassio was the first step in Waterland's new buy-and-build strategy in the retirement care sector. At the time, Compassio operated 28 care homes with 3,058 places for elderly people in southern Germany, and generated revenues of around €110m.

With three nursing homes, two of which are in Hamburg, A+R will expand the geographic footprint of Schönes Leben into northern Germany. After the bolt-ons of Gut Köttenich Group and A+R, and through further locations already secured through lease agreements, the Schönes Leben group is expected to grow to 4,000 beds.

Waterland provided further equity for the purchase of A+R and stated it would continue to strategically and financially support the growth of the group.

Company
A+R operates three nursing homes, of which two are close to Hamburg (in Ahrensburg and Reinfeld) and one is in Bavaria.

People
Waterland Private Equity – Carsten Rahlfs (managing partner).
Schönes Leben Group – Marc Hildebrand (CEO).

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• Topics
• Expansion
• DACH
• Healthcare
• Waterland Private Equity
• Build-up