Elevation Healthcare Properties managed by Elevation Advisors signed an agreement to acquire Berkley Care Group Ltd from Clariane SE (ENXTPA:CLARI) for approximately £207 million on February 28, 2024. concurrently, Elevation Healthcare Properties agreed to acquire 11 properties from Clariane SE and simultaneously lease them back to Berkley Care Group. In 2023, this platform generated sales of £55 million and EBITDA of £12 million.

The full net proceeds from this sale, after repayment of the real estate debt lodged in the UK of £38 million and the £76.9 million of real estate partnership with Predica in form of bonds redeemable in shares, will be used for the repayment of approximately £85 million of the Group's outstanding debt. The closing of this deal will take place in the coming weeks. Akin Gump LLP acted as legal advisor to Elevation Advisors.

Pinsent Masons acted as legal advisor to Elevation Advisors. Deloitte UK acted as accountant to Elevation Advisors.