Worldwide regulation agency Simmons & Simmons is advising Aedifica on its entry into an settlement to amass the Signa Care Group portfolio of 4 aged residential care properties in south-east Eire, for €26.5 million by the use of share acquisition. This follows the agency’s recommendation to Aedifica’s on its entry into the Irish market in February, when it acquired Bridhaven nursing residence, the most important personal aged residential care residence in Eire, for €25 million.
Aedifica is a specialist healthcare investor with a portfolio of over 500 websites throughout Belgium, Finland, Germany, Eire, the Netherlands, Sweden and the UK, valued at over €3.8 billion.
The Simmons group advising Aedifica on each the SignaCare and Bridhaven offers was led by company accomplice David Brangam and actual property accomplice Peter McKeever.
Commenting on the deal, David Brangam stated: “I’m happy that our Dublin group has been in a position to advise Aedifica on its entry into Eire and its continued progress right here. Eire is the seventh nation during which Aedifica now has a presence as a part of its thrilling funding plans throughout the European healthcare sector”.
Sven Bogaerts, Aedifica’s Chief Authorized and M&A Officer stated “We had been extraordinarily lucky to have labored on our entry into Eire with the Simmons & Simmons group in Dublin, led by David Brangam and Peter McKeever. Not solely have they got nice perception into and information of the Irish healthcare and actual property sectors however they cope with all issues effectively, commercially and with a fantastic sense of humour, which at all times helps when the stress is on”.
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