Deloitte Corporate Finance Advisory acted as exclusive financial advisor to gemeinnützige ProCurand Stiftung on the sale of ProCurand Group to Alloheim Senioren-Residenzen SE
ProCurand Stiftung sells ProCurand Group to Alloheim
Deloitte Corporate Finance Advisory acted as exclusive financial advisor to gemeinnützige ProCurand Stiftung on the sale of ProCurand Group to Alloheim Senioren-Residenzen SE, a portfolio company of Nordic Capital. ProCurand is a leading elderly care platform in Germany, offering an integrated service portfolio across residential care, assisted living, day care and outpatient care.
The Deloitte M&A team, under the responsibility of Alexander C. Bielig (Managing Director) and Michael Caspers (Director), was operationally led by Christoph Madea (Assistant Director), supported by Alexander Völkel (Senior Associate), Louis Blank and Simon Tilosen (both Analysts).
Deloitte delivered a fully integrated advisory approach, combining M&A Lead Advisory, Transaction Services and Tax Advisory throughout the structured and competitive M&A process. The Transaction Services workstream was led by Andreas Korten (Partner) and Kerstin Conrad (Director), while tax advice was provided by Markus Schmitz (Partner), Andrea Kochenbach (Senior Manager), and Ursula Fleindl-Bobinger (Manager).
The transaction represents a significant step within the consolidating German elderly care sector, where operators increasingly seek scale, regional density and operational efficiencies.
About the transaction
Deloitte advised the shareholders and management throughout the entire transaction process, including transaction structuring, preparation, investor outreach, Due Diligence management, and commercial negotiations through to signing of the Share Purchase Agreement relating to the sale of 100% of the shares in ProCurand Care GmbH and its subsidiaries. The Transaction Services and Tax teams further supported the process through the preparation of factbooks, the conversion of the ProCurand Care and ProCurand Ambulante Pflege from a tax-exempt non-profit structure into a for-profit GmbH prior to investor outreach, as well as ongoing Due Diligence support.
The acquisition further strengthens Alloheim’s leading position in the German care market and follows the company’s recent acquisition of Integra, underlining its continued expansion strategy.
The combination brings together complementary regional footprints and strengthens both groups’ ability to address the growing demand for high-quality elderly care services in Germany.
“ProCurand is an excellent fit for us: the group is known for its high-quality care, operates attractive facilities and is well positioned financially. This is exactly why we are delighted to welcome ProCurand to the Alloheim Group,” said Dr. Steffen Hehner, CEO of the Alloheim Group, commenting on the rationale for the acquisition.
“Over the past years, together with the management team and all employees, we have built ProCurand with a strong commitment to high-quality care. We are now passing our shareholder role to a large and dynamic organization”, said Dr. Axel Theis, Chairman of ProCurand Stiftung.
The transaction is subject to customary closing conditions and regulatory approvals.
About the Client – ProCurand
Founded in 1999 and headquartered in Berlin, Germany, ProCurand is a leading integrated elderly care provider. The Group operates more than 1,500 residential care beds, serves around 1,200 outpatient care patients and offers approximately 1,100 senior living apartments, supported by a workforce of more than 1,700 employees.
About the Buyer – Alloheim Group
Founded in 1973 as a family-owned business, Alloheim has grown to become Germany’s largest private provider of residential and outpatient care services. The Group operates a nationwide network of 291 elderly care residences, 95 assisted living locations and 24 outpatient care services.
About Deloitte – Corporate Finance Advisory
As a leading independent M&A advisor, Deloitte Corporate Finance Advisory provides M&A deal execution and financial advisory services as well as Debt Advisory, to large and mid-market corporations, and private equity firms globally. Deloitte advises clients and offers insight at every stage of a transaction – from the assessment of strategic options through to successful execution of acquisitions, divestments and other strategic transactions.
Deal contacts:
Alexander C. Bielig, Managing Director: +49 697 5695 6326, abielig@deloitte.de
Michael Caspers, Director, +49 89 29036 8494, mcaspers@deloitte.de
Christoph Madea, Assistant Director, +49 89 29036 7574, cmadea@deloitte.de