International law firm Simmons & Simmons is advising Aedifica on its entry into an agreement to acquire the Signa Care Group portfolio of four elderly residential care homes in south-east Ireland, for €26.5 million by way of share acquisition. This follows the firm’s advice to Aedifica’s on its entry into the Irish market in February, when it acquired Bridhaven nursing home, the largest private elderly residential care home in Ireland, for €25 million.
Aedifica is a specialist healthcare investor with a portfolio of over 500 sites across Belgium, Finland, Germany, Ireland, the Netherlands, Sweden and the UK, valued at over €3.8 billion.
The Simmons team advising Aedifica on both the SignaCare and Bridhaven deals was led by corporate partner David Brangam and real estate partner Peter McKeever.
Commenting on the deal, David Brangam said: “I am pleased that our Dublin team has been able to advise Aedifica on its entry into Ireland and its continued growth here. Ireland is the seventh country in which Aedifica now has a presence as part of its exciting investment plans across the European healthcare sector”.
Sven Bogaerts, Aedifica’s Chief Legal and M&A Officer said “We were extremely fortunate to have worked on our entry into Ireland with the Simmons & Simmons team in Dublin, led by David Brangam and Peter McKeever. Not only do they have great insight into and knowledge of the Irish healthcare and real estate sectors but they deal with all matters efficiently, commercially and with a great sense of humour, which always helps when the pressure is on”.
