Simmons supports PE firm GIMV on major German homecare merger
Simmons & Simmons has advised European private equity firm Gimv on the business combination of two German firms, Medi-Markt Group and Unizell Medicare.
Under the arrangement, Gimv-backed Medi-Markt Group will join forces with Unizell, to become Liveo Group. Liveo Group will be a highly capable supplier in the German homecare market, specialising in the sophisticated, long-term care of chronically ill or impaired people in their home environment.
With combined sales revenues of approximately €150 million, the newly established Liveo Group will also become one of the top 5 portfolio companies of Gimv. The transaction remains subject to the usual official approvals.
A multidisciplinary Simmons team advised Gimv on the transaction, led by Munich-based Dr Fabian von Samson-Himmelstjerna, a private equity specialist and partner in the firm’s corporate practice.
The integrated Simmons team also drew on expertise from across the firm’s German antitrust and competition, employment, real estate, data protection and intellectual property practices.
Commenting on the transaction, Fabian von Samson said: „This business combination is an important development for Gimv, significantly boosting their growing portfolio. With expanded reach and capabilities, Liveo Group will ensure even better care in the market, bringing huge benefits to patients in Germany. It was a pleasure to support Gimv, drawing on Simmons‘ expertise in private equity and the healthcare and life sciences (HLS) sector, with critical additional support from multiple other practices.“