25 September 2013 I Deals and Cases

SENIOcare Group: CHF 56 Million Debt (Re-)Financing

SENIOcare Group, a leading operator of elderly care and nursing homes in Switzerland, which has been acquired by Waterland Private Equity on 5 November 2012, has, in form of a club deal with UBS AG and Thurgauer Kantonalbank, successfully (i) refinanced the acquisition debt, (ii) financed future working capital needs and (iii) partially financed future acquisitions in an aggregated amount of CHF 56 Million in debt financing.

The financing has been structured accordingly and consists of an amortizing term loan, a non-amortizing mezzanine facility, a revolving facility and a dedicated capex/acquisition line.

Bär & Karrer acted as legal advisor to Waterland Private Equity and the SENIOcare Group. The Bär & Karrer team included Till Spillmann, Adrian Koller, Michael Eitle (all finance), Christoph Neeracher, Daniel Bader, Thomas Stoltz, Luca Jagmetti and Felix Kappeler (all M&A, corporate).