Milbank LLP advised Quartz Healthcare Germany GmbH (“Quartz”) on raising an infrastructure-style financing for the group, related tax structuring and hedging arrangements.
The financing comprises committed floating and fixed rate loan instruments in an amount of approximately EUR 121 million and includes an incremental debt option to support the group's further growth. The commitments are provided by banks and institutional infrastructure investors.
Quartz Healthcare, a portfolio company of an infrastructure fund managed by InfraVia Capital Partners (“InfraVia”), is a leading European provider of radiology, radiotherapy, and nuclear medicine with a focus on medical quality and innovation. Quartz was launched in 2022, starting with the acquisition of Dr. Neumaier MVZ, a multidisciplinary outpatient radiology platform in Bavaria. Today, the group is treating more than 660,000 people in their 29 sites across Germany.
InfraVia, founded in 2008, is a leading independent long-term investor in infrastructure, real assets, and technology investments. InfraVia supports entrepreneurs and companies in their growth, helping them expand their businesses and transform them into top-tier platforms. InfraVia manages EUR 12 billion of capital and has invested in 50+ companies across Europe.
In setting up Quartz, InfraVia has partnered with serial healthcare entrepreneur Ludovic Robert, senior doctors and executives with long-term experience in the healthcare industry. Quartz Healthcare is a radiology network that provides diagnostics and therapies at the highest medical and technical level. The group’s aim is to give patients access to the best clinical practices and offer doctors the latest technologies innovations.
The Milbank team advising Quartz Healthcare was led by partner Barbara Mayer-Trautmann (Finance/Munich) and included partners Thomas Kleinheisterkamp (Tax/Munich), James Warbey (Alternative Investments/London), special counsel Alexander Lang (Finance/Munich), associates Ludwig Reissmann (Finance/Munich), Elisabeth Woehrle (Tax/Munich), Denisa Neagoe (Alternative Investments/London), and transaction lawyer Pauline Gairanod (Finance/Munich).
