Alantra advises Armira and PflegeButler on the acquisition of Onesta

Jun 2021

Buy-side advisory

Frankfurt – Alantra, the global investment banking and asset management specialist, is pleased to announce it has advised Armira and its portfolio asset PflegeButler on the acquisition of Onesta Holding GmbH (“Onesta”), a privately held German provider of care services for the elderly. Alantra acted as exclusive M&A and Debt advisor to Armira, a holding group focused on investment tickets from €20mn to €200mn in market-leading “Mittelstand” businesses in the DACH-region.

Founded in 2015 and with a modern concept as opposed to traditional care providers, Onesta combines a diversified offering of assisted living, day care, ambulatory care, intensive care and stationary care. The company operates in total 9 facilities in Hesse and Rhineland-Palatinate with multiple further openings in the pipeline.

The acquisition of Onesta facilitates an add-on acquisition to the recently signed acquisition of PflegeButler, a leading care provider in Lower Saxony with a comparable care concept, on which ALANTRA also has advised Armira. The combined Group currently operates more than 20 facilities in Germany and is deemed to grow significantly over the next years. With multiple secured locations to expand its footprint, the Group will develop in a sizeable care provider in Germany reaching 2,000 employees and a capacity of 2,000 beds groupwide.

Christopher Jobst, Managing Director in M&A at ALANTRA’s Frankfurt office comments: “It was a pleasure to work again with Armira as well as with the management team of PflegeButler on this exciting transaction and we are convinced Armira is the right partner to shape the combined Group’s future growth path.”