Alvia buys majority stake in Hamburg Care

Jörg Wolter, the company’s founder, will retain a minority stake in the company.

Alvia’s founders and partners Max Tymoszuk and Hans-Cornelius Kölln will take on roles as managing directors of the company and will assist with daily operations, Tymoszuk told Unquote.

Asked about the deal process, Tymoszuk told Unquote that the initial introduction was made by Hamburg Care’s M&A adviser Ixxonsult. He added: “There were other parties interested, including strategic buyers and financial investors.”

Alvia plans to assist the company with its digitalisation process and will make add-on acquisitions. “We want to start with northern Germany, where we can add value on the ground and be close to the daily business. For the mid- and long-term, we plan to expand throughout Germany. We have acquisitions in the pipeline, but we are quite selective when looking at potential add-ons,” said Tymoszuk.

Alvia Capital has an evergreen investment structure, investing from its balance sheet without a fund. Hamburg Care marks the firm’s first investment since its inception in March 2019.

The firm invests for majority stakes in companies with profit of more than €500,000 and EBIT of up to €1m, according to its website.

Company
Hamburg Care was founded in 2010. It provides outpatient care services for patients in their homes, including dementia and Alzheimer’s care, respite care and care for school-age children in partnership with their family and schools. Based in Hamburg, the company has 175 employees and reports revenues of less than €25m.

People
Hamburg Care – Jörg Wolter (founder).
Alvia Capital – Max Tymoszuk, Hans-Cornelius Kölln (partners).

Advisors
Company – Ixxconsult (M&A).
Equity – WZR Legal, Christian Schuler, Tim La Fauci (legal).

 

 

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• Topics
• Buyouts
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