News
Freshfields advises Goldman Sachs on the increase of a Term Loan B for Median
Global law firm Freshfields Bruckhaus Deringer (‘Freshfields’) is advising Goldman Sachs Bank Europe SE (‘Goldman Sachs’) in connection with the fungible incremental increase to the EUR Term Loan B tranche in relation to €920m term and revolving loan facility for Median B.V. (‘Median Group’) which was originally entered into in 2021. The purpose, among others, is the partial repayment of the existing revolving facility and general corporate purposes. Freshfields is advising on all of the financing aspects of the transaction, including on marketing in relation to the syndication of the increased facility.
The Median Group is one of Europe's leading providers in the field of mental health and rehabilitation. With more than 30,100 employees in Germany, Great Britain, Northern Ireland and Spain, the company treats around 294,000 patients every year in 420 clinics and facilities. Founded in Germany, the groundwork for the wider expansion within Europe was laid in 2021 with the merger of Median in Germany with Priory in the United Kingdom, under the new Median B.V. holding. In summer 2023, Hestia in Spain became part of the company.
The Freshfields core team consists of Partner Michael Josenhans (Lead), Associate Aleksandar Djurdjevic (both Finance, Frankfurt) and Transaction Lawyer Maria Alejandra Noriega Quintana (Hub, Berlin). Local law advice is provided by Freshfields teams in Amsterdam, Madrid and Vienna. The team around Josenhans already advised Goldman Sachs, Barclays and other banks on the TLB financing for Median in 2021.
