Ambiente Mobile Care GmbH takes over AbisDu Pflege GmbH amidst insolvency
Deal News | Nov 06, 2024 | goetzpartners
AbisDu Pflege GmbH, a Cologne-based provider of ambulatory nursing services, has succumbed to insolvency following financial difficulties caused by challenging market conditions during its formative phase. Despite efforts, the shareholder withdrew further financing, prompting the involvement of Michael Wilbert, an insolvency administrator from GRG law firm. goetzpartners was appointed to manage the structured sales process for AbisDu. Ambiente Mobile Care GmbH, a subsidiary of Ambiente Holding and operator of numerous care facilities in Germany, emerged as the successful bidder. As of October 2024, Ambiente will acquire operations of AbisDu in three locations and integrate the majority of its workforce. The transaction exemplifies goetzpartners' expertise in handling transactions for distressed entities.
Sectors
- Healthcare Services
- Legal and Advisory Services
Geography
- Germany – AbisDu Pflege GmbH and Ambiente Mobile Care GmbH both operate within Germany, making it the focal point of the transaction.
Industry
- Healthcare Services – The healthcare services sector is relevant as both AbisDu Pflege GmbH and Ambiente Mobile Care GmbH operate within the ambulatory and outpatient nursing services industry.
- Legal and Advisory Services – Involvement of GRG law firm and goetzpartners in the insolvency and advisory roles underscores the significance of legal and advisory services in the transaction.
Financials
- – No specific financial details such as deal price or revenue figures provided.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| AbisDu Pflege GmbH | Target Company | Company | A provider of ambulatory nursing services in Germany that filed for insolvency. |
| Ambiente Mobile Care GmbH | Bidding Company | Company | A company that operates care facilities and services in Germany, acquiring parts of AbisDu. |
| goetzpartners | M&A Sell-side Advisor | Company | Served as the exclusive advisor on the sale process for AbisDu's insolvency assets. |
| GRG Partnerschaft von Rechtsanwlten MBB | Legal Advisor | Company | A top business law firm in Germany handling AbisDu's insolvency proceedings. |
| Michael Wilbert | Insolvency Administrator | Person | Appointed as the insolvency administrator for AbisDu to oversee the sales process. |