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Emvia Living buyout financing opens doors to promising growth

Emvia Living (“Emvia”) is a nursing care service provider for the elderly that comprises 46 nursing homes with a strong footprint in the North-Eastern parts of Germany. With its c. 3,500 specialist employees, Emvia offers around 5,500 beds to people in need of care. The company generates around EUR 200 million in revenues and is one of the leading players in its sector in Germany.

In late 2017, NIBC was mandated by Chequers Capital, a leading European private equity investor, to finance their acquisition of Emvia.

The assignment

Leveraged Finance Germany supported the buyout financing as Mandated Lead Arranger and provided Super-Senior Debt alongside a Unitranche financing. In addition, NIBC was appointed as Facility and Security Agent.

Adding value

NIBC ensured a lean and fast execution that enabled a swift closing of this complex transaction. Furthermore the NIBC Health sector team applied its profound sector knowledge and was a valuable sparring partner for the client and the deal team.

Delivering results

The transaction marks a highly visible benchmark deal in the German market for Unitranche financings which are jointly provided by banks and debt funds and underlines the strong market position of NIBC in this segment. The new financing structure supports Emvia in its further organic and inorganic growth ambitions and underpins NIBC’s Health sector insights.

Most importantly, Emvia will continuously focus on its customers and ensure the highest standard of quality in its daily operations. The deal demonstrated once more NIBC’s core values: professional, inventive and entrepreneurial.

NIBC has been a reliable, fast and pragmatic partner in putting together a sustainable financing package for this investment - Sven-Hendrik Schulze, Director Chequers Capital

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