Deal Announcement: Proton Therapy Center

PwC acted as the exclusive financial adviser to a consortium of noteholders on the sale of the Proton Therapy Center in Essen to Westdeutsches Protonentherapiezentrum Essen gGmbH, a subsidiary of the University Hospital of Essen:

The Deal

An international PwC team consisting of senior M&A and BRS experts acted as exclusive financial adviser to an international consortium of banks on the sale of the Proton Therapy Center (PTC) in Essen to Westdeutsches Protonentherapiezentrum Essen gGmbH (WPE), a subsidiary of the University Hospital of Essen (UK Essen) and operator of the PTC. WPE will continue on as owner as well as operator of the PTC. Ion Beam Applications S.A. (IBA) will maintain the site at the highest standard possible.

The team advised the noteholders on their options and subsequently supported the implementation of a solution to secure the provision of this market leading treatment to cancer patients in the region.

Proton Therapy Center in Essen

The PTC is a provider of proton beam therapy to cancer patients. Proton beam therapy is a type of external-beam radiation treatment that uses protons to treat cancer. Advantages of the proton beam therapy are (amongst others) reduced collateral effects (less damage of healthy tissue, less cancer incidences from radiation).

PwC

A combined PwC M&A and BRS team in Germany and the United Kingdom acted as exclusive financial adviser to the (inter)national consortium of noteholders. PwC also provided Tax Advice and Financial Modelling Services (supported by experts from the PwC F&R team) to the noteholders.

PwC employs nearly 1.000 M&A professionals all over the world, realizing approximately 300 successful transactions per year. We specialize in a wide range of independent M&A services including advice on acquisitions and disposals, mergers, public takeovers, privatizations as well as structured financing.

The following PwC teams were involved:

Germany:
Alexander von Friesen (Partner M&A), Joachim Englert (Partner BRS), Daniel Keller (Partner Tax), Andreas Funke (Partner F&R), Thomas Gummert (Senior Manager F&R), Sandra Zölch (Senior Manager Tax), Godfried Hangx (Manager M&A).

United Kingdom:
Brian Lochead (Partner BRS) and Leo Smith (Senior Manager BRS).

For more information please contact Alexander von Friesen on +49 69 9585 5487

Contact us

Martin Schwarzer

Partner, Mergers & Acquisitions Co-Head

Tel.: +49 69 9585-5667

Dr. Alexander von Friesen

Partner, Mergers & Acquisitions Co-Head

Tel.: +49 69 9585-5487

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