Houlihan Lokey Advises Schön Klinik SE

Houlihan Lokey is pleased to announce that Schön Klinik SE has successfully raised €575 million in syndicated debt financing with a club of 11 banks. Schön Klinik SE is among Germany’s top five private hospital groups, leading in mental health and with a strong footprint in somatic medicine. The transaction was signed in November and closed on 21 December 2022. 

Founded in 1985 and headquartered in Munich, Germany, Schön Klinik SE aspires to provide excellent medical quality for the benefit of its patients, combining high-quality care with profitability. The company strongly believes that superior medical quality results in higher patient demand, leading to growth and financial stability. 

The company is majority-owned by the founding Schön family, who is strongly committed to further growing the business through a sustainable buy-and-build strategy in the German healthcare market and beyond. Since 2016, Schön Klinik SE also benefits from the financing skills and healthcare expertise of Carlyle Global Partners, who hold a minority stake in the company.

Following strong and sustainable growth, Schön Klinik SE has decided to consolidate a significant amount of outstanding bilateral loans and bonds under one syndicated loan agreement to create a harmonized financing structure providing operational flexibility as well as the financial means to fund future investments.

Houlihan Lokey acted as debt advisor on all commercial aspects of the financing transaction and supported Schön Klinik SE on the structuring of a competitive financing package with highly attractive terms and flexibility to support the company’s growth strategy.