Luxempart and Armira completed the acquisition of PflegeButler.

Luxempart, a Luxembourg-based listed investment company, and Armira, an entrepreneurially-minded holding group focusing on direct equity investments in privately- held, medium-sized businesses in Germany, Austria and Switzerland, completed the acquisition of PflegeButler, an operator and provider of integrated senior care. Financial terms were not disclosed. "With Armira we have joined forces with an extremely knowledgeable and reputable partner to further develop this business in a market environment that is poised to grow. Pflegebutler has an innovative and unique business model which puts the needs of the client first”. John Penning, Managing Director of Luxempart, comments: “This transaction gives Luxempart the opportunity to commit our capital to a sector where we are able to leverage on our significant industry know-how based on our current care investments in WDS, Vivalto Home and past investment of Deutsche Fachpflege," Thomas Gross, Luxempart Investment Director.