Shearman & Sterling advised Deutsche Apotheker- und Ärztebank eG (apoBank) and Skandinaviska Enskilda Banken AB (SEB) on the financing of the acquisition of Rehacon Group, one of the leading German providers of physiotherapy services, by Waterland Private Equity (Waterland).
Rehacon is headquartered in Gelsenkirchen, Germany and runs more than 100 therapy centers, making it one of the largest providers on the market in continental Europe. The vast majority of Rehacon‘s over 600 employees work directly with patients in the local therapy centers. The seller is Michael Reeder, founder and Managing Director of the group, who retains a substantial stake in Rehacon through Reeder Invest GmbH.
Waterland is an independent private equity investment group that supports companies in realizing their growth ambitions. Waterland has offices in Belgium (Antwerp), the Netherlands (Bussum), the U.K. (Manchester), Germany (Munich and Hamburg), Switzerland (Zurich), Denmark (Copenhagen) and Poland (Warsaw). It currently manages €6 billion of investor commitments.