Lafayette Signs Acquisition of Argentum Pflege
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Bad Homburg / Luxembourg (2 Sep 2025): Lafayette Mittelstand Capital signed a definite agreement to acquire a portfolio of 22 care home facilities from Argentum Pflege with approximately 2,000 care places, securing about 1,600 jobs. This investment positions Lafayette to capitalize on the structural demand surplus in the German care home market. The transaction is subject to the approval of creditors and a review by antitrust authorities.
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Argentum Pflege will continue to operate under its existing name. "With the entry of Lafayette Mittelstand Capital as an investor, we have found a solution for the continuation of the group and have thus preserved an important player in the care market," explained attorney Dr. Georg Bernsau, a partner at K&L Gates. Together with attorney Nadja Raiß and management consultant Ansgar Schröder, he was appointed as restructuring managing director and has comprehensively stabilized the company both legally and economically over the past few months.
Jens-Ulrich Keil, who served as Argentum Pflege's managing director for six months in 2024 will be the CEO of the new Argentum Pflege Group. He announced plans to stabilize the facilities while also exploring growth opportunities. "With Lafayette Mittelstand Capital as our new investor, we will not only strengthen the existing facilities but also evaluate other acquisition opportunities to put Argentum on a broader footing overall," Keil explained.
The purchase by Lafayette is still subject to approval from various board committees and creditors. An antitrust review is also required. The creditors' committee has already signaled its support. The officials expect the takeover to be completed by the end of September.
About Argentum Pflege
Argentum operates nationwide inpatient care facilities. The Argentum Pflege Group initiated a comprehensive reorganization process and filed for debtor-in-possession bankruptcy at the beginning of April 2025. To manage the restructuring process, K&L Gates partners Dr. Georg Bernsau and Nadja Raiß, along with management consultant Ansgar Schröder, were appointed as restructuring managing directors. The proceedings are also being overseen by restructuring attorney Prof. Dr. Lucas F. Flöther of the law firm Flöther & Wissing, who was appointed by the court as the trustee. Lafayette's acquisition includes the non-insolvent and self-administered entities, providing a solid foundation for the Company's long-term success. www.argentum-pflege.de.
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About Lafayette Mittelstand Capital
Lafayette Mittelstand Capital is a leading private equity firm that acquires medium-sized German companies (Mittelstand) during key moments of change, such as carve-outs, special situations, or management buy-outs. It focuses on businesses with revenues between €25 and €500 million. The firm partners with management teams to create long-term value and uses its deep industry expertise to help them achieve their strategic and financial goals. Lafayette already has a presence in the healthcare sector, with investments in the mobility aid manufacturer Bischoff & Bischoff and in fitness and physiotherapy companies through its ACISO Group. www.lafayettemittelstandcapital.com
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