HgCapital takes Casa Reha at target price

Mid-market buyout house HgCapital has acquired German nursing home operator Casa Reha from private equity peer Advent International for about €330m ($474m).

The deal is a tertiary buyout as Advent acquired Casa Reha from a consortium of private equity firms, JP Morgan Partners, Covenant Care International and German Equity Partners, in 2005. Both Advent and management are expected to reinvest in the business.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump