Carlyle Buys Alloheim

The Carlyle Group has acquired Alloheim from Star Capital. Financial terms weren’t announced. Alloheim, of Germany, operates 49 nursing homes with more than 6,000 beds and provides services such as nursing care, assisted living, ambulatory care and specialised nursing services. Capital for the investment comes from Carlyle Europe Partners III, a 5.3 billion Euro fund that makes mid- and large-cap investments. BNP Paribas advised Carlyle.

PRESS RELEASE

The Carlyle Group Acquires Alloheim, a German Healthcare Operator

Carlyle Investment Will Build on Recent Growth To Further Expand Operations

London, UK – Global Alternative Asset Manager The Carlyle Group (NASDAQ: CG) today announced the acquisition of Alloheim, a German Care Home Operator from Star Capital.

Capital for this investment will come from Carlyle Europe Partners III, a 5.3 billion Euro fund that makes mid- and large-cap investments. Further terms of the investment were not disclosed.

Alloheim operates 49 nursing homes with over 6,000 beds providing a range of services including nursing care, assisted living, ambulatory care and specialised nursing services.   The Company has a broad regional footprint across Germany with operations in Berlin, North Rhine-Westphalia, Hesse, Lower Saxony and Saxony and employs over 4000 medical professionals and staff.  The Company was founded in 2008 by the current management team and is headquartered in Dusseldorf, Germany.

Gregor Böhm, Managing Director at The Carlyle Group, said: “The Alloheim management team has a long and successful track record in the healthcare services industry and an outstanding record of quality care and support for Alloheim’s residents. We look forward to working with Alloheim’s management team as they continue to invest in facilities, professional care processes and their high quality team, all in an effort to serve their residents well.”

Rainer Hohmann, Chief Executive Officer of Alloheim commented: “We are delighted to be partnering with Carlyle. Their strong experience and network in the healthcare sector globally, as well as funding ability, will significantly contribute to the continuing development of our business and support our ambitions to be the leading provider of care homes in Germany.”

Carlyle was advised on the transaction by BNP Paribas and Berenberg Bank as M&A Advisors, with Milbank, Tweed, Hadley & McCloy and Latham and Watkins acting as legal advisors.

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About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $180 billion of assets under management across 118 funds and 81 fund of funds vehicles as of June 30, 2013. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Global Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,400 people in 34 offices across six continents.