Waterland’s Schönes Leben Group expands to Northern Germany
Hamburg / Ulm / Grünwald, 27 November 2018 – Waterland Private Equity has expanded its portfolio company Schönes Leben/compassio to include the care specialist A+R Betriebsgesellschaft mbH. The company operates three inpatient nursing facilities, two of which are located north of Hamburg. This is the second acquisition of the group in the month of November.
Following the acquisition of the specialised care home operator Gut Köttenich/Euregio in the German state of North Rhine-Westphalia announced last week, Schönes Leben/compassio has added its first two facilities in northern Germany by acquiring A+R Betriebsgesellschaft mbH. The stationary care facilities are located in Ahrensburg and Reinfeld, two towns north of Hamburg, giving Schönes Leben access to the regional market. A third facility is located in the Bavarian town Schongau, where it is connected to the local hospital.
“We will be moving into newly constructed facilities at all three locations in the next 12 months. With its two nursing homes in the northern part of the country, A+R Betriebsgesellschaft mbH is the perfect addition to Schönes Leben/compassio, which has so far maintained a footprint mainly in southern Germany and North Rhine-Westphalia”, says Marc Hildebrand, CEO of Schönes Leben Group. “The acquisition allows us to open up a new region in Germany and gives us a foundation for further growth. Simultaneously, the home in Schongau expands our portfolio with an excellent facility in compassio’s core region, bringing us one step closer to our goal of becoming the most modern provider of services for elderly people over the age of 65.” The Schönes Leben/compassio strategy is based on the three pillars of care, assisted living and tailored support services for the aforementioned target group.
“On behalf of Schönes Leben, we look forward to the new locations offering outstanding infrastructural quality in Ahrensburg, Reinfeld and Schongau, along with access to the northern German region,” Dr Carsten Rahlfs, a managing partner at Waterland, adds. “We will continue to strategically and financially support the future growth of Schönes Leben.”
About Schönes Leben
Schönes Leben is a portfolio company of Waterland, an independent private equity investment group. The aim of the company is to create a platform that provides services for people over the age of 65 who would like to make their life more rewarding and varied. The company’s main strategic pillar is retirement care – covered by compassio, a care specialist based in Ulm, Germany. In cooperation with the Gut Köttenich Group and A+R Betriebsgesellschaft, and through further locations already secured through lease agreements, the Schönes Leben Group is expected to grow to over 4.000 beds.
Waterland is an independent private equity investment group that supports businesses in realising their growth ambitions. With substantial financial support and industry expertise, Waterland enables its portfolio companies to achieve accelerated growth both organically and through acquisitions. Waterland has offices in the Netherlands (Bussum), Belgium (Antwerp), Germany (Munich and Hamburg), Poland (Warsaw), the UK (Manchester) and Denmark (Copenhagen) and currently manages €6 billion in investor commitments.
In addition to the Schönes Leben Group, Waterland maintains investments in other companies in the healthcare sector, where it has extensive expertise. Waterland’s buy-and-build strategy focuses on growth through acquisitions. For example, Waterland developed MEDIAN through 17 acquisitions from the RHM Group. In 2011, the RHM Group managed just under 2,000 beds. Today, MEDIAN manages over 18,000 beds.
Since its founding in 1999, Waterland has consistently achieved top-tier investment performance. It ranks as the number-one global private equity firm in the latest annual HEC/Dow Jones Private Equity Performance Ranking compiled by Prof. Gottschalg of HEC Paris Business School in autumn 2016 and has regularly been among the top three consistently performing buyout fund managers worldwide in the Preqin Consistent Performers in Global Private Equity & Venture Capital Report in recent years.
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