Alantra advises on the refinancing of Emvia Living

May 2021

Debt refinancing

Frankfurt – Alantra is pleased to announce that it has advised Emvia Living, (“Emvia”), a portfolio company of Chequers Capital S.A. (“Chequers”), on its refinancing.

Emvia is a leading stationary care home operator with a nationwide nursing home footprint in Germany. The group offers a complete and balanced product portfolio, also comprising ambulant and day care, for example. Emvia operates close to 60 nursing homes with more than 6,000 beds and employs more than 3,000 FTEs.

The refinancing contains a financing package including term debt facilities, acquisition capex facilities and revolving facilities provided by Ardian Private Debt, Bank of Ireland and NIBC Bank. The new acquisition facility and amendment of the documentation provide the company with necessary financial means for additional future acquisitions in this attractive market and provide significant flexibility to continue its organic and greenfield expansion pattern.

“In the past years, Emvia has achieved a very positive development and managed the Covid-pandemic well. We thank the involved Management- and Alantra-Team for their excellent support in structuring, negotiating and executing the refinancing as well as optimizing commercial terms. We are looking forward to keep growing the company.” Sven H. Schulze, Managing Director at Chequers, comments.

This is the sixth transaction with Chequers out of the Frankfurt office, over the last five years. We have also supported the initial transaction by Chequers in 2017 apart from several other transactions.