The Goodwin Private Equity/Finance team advised Euronext-listed private equity firm Gimv on the financing of the acquisition of Unizell Medicare GmbH and its subsidiaries ("Unizell") and the refinancing of the existing financing of Medi-Markt group ("Medi-Markt") that led to the merger of Medi-Markt and Unizell, which are now operating as the Liveo Group.
The newly formed Liveo Group offers a comprehensive range of products and services for domestic care and support. This includes absorbent and drainage incontinence products, stoma care, care aids, diabetes products, and enteral nutrition therapies, as well as nursing courses, training, and emergency call systems.
Liveo Group will employ over 450 people and operate throughout Germany, with combined annual sales revenues of approximately EUR 150 million. Both companies will retain their existing brand names.
Gimv acquired a majority stake in Medi-Markt in 2018 as part of a succession plan. Since then, Gimv has collaborated with management to continuously develop its offerings and market position, driving significant growth.
Under the leadership of Managing Partner Jürgen van der Smissen, Unizell has become a successful full-service provider for homecare patients. Its extensive, customer-centric portfolio includes products, training courses, qualifications, and personalized support.
Gimv is listed on Euronext Brussels and works with companies in five sectors: Consumer, Healthcare, Life Sciences, Smart Industries and Sustainable Cities. Currently, Gimv manages a portfolio of more than 60 investments with a combined turnover of more than EUR 4.0 billion and 20,000 employees.
The deal team was led by partner Winfried M. Carli and associate Marius Garnatz and included associates Rebecca Stöcklein and Daniel Wagner (all Private Equity/Finance) as well as partner Felix Krüger and associate Philipp Lauer (both Tax).