E+H advised PAI Partners ("PAI") on the acquisition of VAMED Group's rehabilitation business ("VAMED") from Fresenius SE & Co. KGaA.

VAMED’s rehabilitation business operates 67 clinics and care centers across Germany, Austria, Switzerland, the Czech Republic and the UK, serving more than 100,000 patients annually. Supported by around 10,000 highly-skilled staff, the unit provides a comprehensive range of inpatient and outpatient rehabilitation services, as well as specialist acute care. The business follows a multidisciplinary approach to patient care, with areas of expertise including neurology, orthopedics, psychosomatics, and cardiology.

PAI Partners is a pre-eminent private equity firm investing in market-leading companies across the globe. The Firm has approx. €27 billion of assets under management and, since 1994, has completed over 100 investments in 12 countries and realized more than €24 billion in proceeds from 60 exits. PAI has built an outstanding track record through partnering with ambitious management teams where its unique perspective, unrivalled sector experience, and long-term vision enable companies to pursue their full potential – and push beyond.

The completion of the transaction is expected for the second half of 2024 and is subject to customary regulatory approvals and closing conditions.

E+H Team

Lead: Philipp Schrader (Partner, Corporate/M&A)

Further: Ulrike Sehrschön (Partner, Regulatory), Steve Jeitler (Partner, Corporate/M&A, Real Estate), Florian Sagmeister (Partner, IP/IT), Titus Kahr (Counsel, Regulatory), Niklas Nigl (Counsel, Regulatory), Helena Neuner (Counsel, Real Estate), Felix Frommelt (Counsel, Compliance), Franziska Egger (Associate, Employment), Yvonne Wohlmuth (Associate, Corporate/M&A, Real Estate), Alexandra Stadlober (Associate, Corporate/M&A, Real Estate), Markus Feneberger (Associate, Corporate/M&A), Vincenz Stockert (Associate, Corporate/M&A), Gabriela Kaiser (Associate, Regulatory), Lorenz Bogensberger (Associate, Employment), Juliana Haslinger (Associate Employment) and Andrea Posch (Associate, IP/IT).

Further Consultants

Axel Wahl, Michael Ilter, Florian Dendl, Christian Sperling (all Willkie Farr & Gallagher LLP) led the legal team and were further supported by, Maria Heil, Guram Go-bechia (both NOVACOS Rechtsanwälte, Germany), Philippe Seiler, Romina Lauper (both Bär & Karrer Ltd., Switzerland), Martin Peckl, Silvie Kiraly (both HAVEL & PARTNERS s.r.o., Czech Republic) and Kai-Uwe Plath and Moritz Schmitz (both KNPZ Rechtsanwälte – Klawitter Neben Plath Zintler – Partnerschaftsgesellschaft mbB, Germany).