Herter und Co. advises Oberberg Group on acquisition financings

September 06th, 2019

Herter & Co. advises Oberberg Group on acquisition financing of Privatklinik Jägerwinkel, Panorama Fachklinik and Privatklinik Hubertus and refinancing of the existing bank financing

Herter & Co. has advised Oberberg Group (“Oberberg”) on the acquisition financing of multiple targets as well as on the refinancing and expansion of the existing bank financing. The add-on targets include the internationally renowned Privatklinik Jägerwinkel located at the Tegernsee, which extends the current treatment offering of Oberberg by introducing additional expertise in integrative and holistic psychosomatics with a focus on interdisciplinary pain therapy. Further, Panorama Fachklinik, an acute care hospital for psychosomatic medicine, and Privatklinik Hubertus, a specialist hospital for psychosomatic medicine, psychotherapy and naturopathy in the Allgäu, have been acquired. Together, the acquisition targets strengthen Oberberg’s geographic presence especially in the Southern German area.

The newly arranged financing is provided by BlueBay Asset Management and is complemented by a super senior RCF from Deutsche Apotheker- und Ärztebank. Oberberg was acquired by private equity firm Trilantic Europe in 2017, also supported by Herter & Co.

“The transaction was highly complex as the acquisitions and the refinancing were conducted simultaneously on a tight time schedule and included real estate financing components. Due to Herter & Co.’s expert advice and competitive financing process, the outcome is an attractive financing solution that provides us with the required liquidity and flexibility for the current acquisitions as well as for future organic and anorganic growth.”, says Ilmarin B. Schietzel, CFO/COO at Oberberg.

Taking into account the recent transactions, Oberberg operates thirteen clinics at eleven locations through a nationwide network with more than 800 beds for private patients and is specialised on the treatment of mental illnesses with a focus on depression and substance use disorders. The group offers a unique therapy concept based on individual and intense treatment as well as innovative treatment methods. Oberberg employs experienced physicians, who have a strong expertise in their medical fields. In addition, the high quality of treatment is ensured through a high ratio of therapists to patients.

Trilantic Europe is a private equity firm focused on control and co-control investments in leading mid-market companies in Western Europe. Trilantic Europe currently manages two institutional private equity funds with aggregate capital commitments of €1.5 billion. In addition to the healthcare sector, Trilantic Europe invests across several industries such as consumer & leisure, industrials, TMT and business services.

Herter & Co. acted as Sole Debt Adviser to Oberberg.