MUNICH, 2 November 2010 -- Kirkland & Ellis International LLP advised Sunrise Senior Living Inc. and its involved German subsidiaries in the sale of nine senior residences located in Germany. The first eight residences were sold in June 2010 and the sale of the ninth and last residence in Klein Flottbek (Hamburg) closed on 31 October 2010. The Pension Fund of the Employees of Hoechst Group, VVaG, bought the last residence, and the new operator will be Elbschloss Pflege Wohnen GmbH.
The Kirkland team included partners Sacha Lürken (Restructuring/Finance), Dr. Martin Ströhmann, (Restructuring/Distressed M&A), Frank Becker (Corporate/Private Equity) and Dr. Leo Plank (Restructuring), and associate Dr. Kai Terstiege (Corporate/Private Equity). Partners Dr. Oded Schein and Dr. Roderic Pagel, along with associate Dr. Ulf Kieker advised on tax issues.
About Sunrise Senior Living
Sunrise Senior Living, a McLean, Virginia-based company, employs approximately 35,000 people. As of June 30, 2010, Sunrise operated 356 communities in the United States, Canada, Germany and the United Kingdom, with a combined unit capacity of approximately 35,400 units. Sunrise offers a full range of personalized senior living services, including independent living, assisted living, care for individuals with Alzheimer's and other forms of memory loss, as well as nursing and rehabilitative services. Sunrise's senior living services are delivered by staff trained to encourage the independence, preserve the dignity, enable freedom of choice and protect the privacy of residents. To learn more about Sunrise, please visit http://www.sunriseseniorliving.com.
About Kirkland & Ellis
Kirkland & Ellis LLP (www.kirkland.com) is a 1,500-attorney law firm representing global clients in complex corporate/private equity and tax, restructuring, litigation and dispute resolution/arbitration, and intellectual property and technology matters. The Firm has offices in Munich, Chicago, Hong Kong, London, Los Angeles, New York, Palo Alto, San Francisco, Shanghai and Washington, D.C. The Munich office consists of 26 attorneys focusing primarily on private equity, mergers & acquisitions, restructuring/insolvency, acquisition financing and tax matters.
Frank Becker, Partner
Kirkland & Ellis International LLP
80539 Munich, Germany
Phone: +49 89 2030 6000
Fax: +49 89 2030 6100