M&A NEWS

TA Associates buys Alloheim from Nordic Capital

The Boston-based investor takes over Germany's largest private residential care operator, which Börsen-Zeitung says is valued at about €2bn including debt.

M&A News deals deskHealthcare / Elderly care · Germany, Europe26 Oct 2026

TA Associates has agreed to become the new anchor shareholder of Alloheim Group, Germany's largest private provider of residential care, with Nordic Capital selling its entire stake, the companies said on 26 October 2026. Terms were not disclosed.

Why TA Associates is buying Alloheim Group (from Nordic Capital)

Alloheim said its strategy, management, operational direction and locations would remain unchanged under TA, which has more than 50 years of experience investing in healthcare.

“With TA, we are taking the next step together with a partner who shares exactly that vision”Steffen Hehner, Chief Executive Officer, Alloheim Group

Deal terms and financing

Nordic Capital, which has backed Alloheim since 2018, will exit its full holding at closing. Börsen-Zeitung reported that the business is valued at about €2bn in financial circles, at least half of it debt.

Regulatory approvals and timing

The transaction requires customary regulatory approvals, including merger control clearance, and is expected to close in the first quarter of 2027.

Market context

Since 2018 Alloheim has integrated more than 160 facilities and now runs more than 320 senior residences, 112 assisted living locations and 36 outpatient services, with about 30,000 employees. Nordic Capital bought the Düsseldorf-based group from Carlyle in 2017 for about €1.1bn.

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