Baker McKenzie advised Sanecum Gruppe, supported by Adiuva Capital, on the implementation of additional acquisition debt facilities to its existing debt financing structure.
The incremental debt was provided by Deutsche Bank Direct Lending in an amount of 75 million Euro by way of "TLC-type" hybrid facilities to support Sanecum's multidisciplinary healthcare buy and build strategy. The financing will provide Sanecum with additional liquidity to continue executing on its strong growth strategy.
Sanecum is a constantly growing outpatient medical care platform focusing on nephrology, cardiology and diagnostics. Its platform started in 2019 and has grown strongly via acquisitions establishing six regional clusters across Germany, covering eight federal states. With approximately 300 physicians handling more than 700,000 treatments per year, Sanecum is the fastest growing outpatient medical care platform in Germany. With a strong track record in consolidation and digitalization of the German outpatient space, Sanecum can offer a variety of medical services to improve the quality of patient care.
Baker McKenzie regularly advises private equity sponsors and their portfolio companies on complex domestic and cross-border leveraged financing transactions in the healthcare sector, demonstrating strong capabilities and experience across financing and regulatory matters to effect efficient platform financing solutions for buy and build strategies.
Legal advisor to Sanecum Gruppe:
Baker McKenzie
Lead:
Banking & Finance: Matthias Töke (partner, Frankfurt)
Team:
Banking & Finance: Kieran Verdano (associate, Frankfurt)