Fremman Capital has acquired rehaneo from Gimv
rehaneo
Established in 2020 by its management team in collaboration with Gimv, rehaneo group specializes in outpatient rehabilitation, aftercare, medical treatments, prevention and occupational health services. Headquartered in Munich, the group has achieved remarkable growth since its inception during the height of the COVID-19 pandemic. In four years, rehaneo has become one of the top three providers in outpatient rehabilitation, driven by a successful buy-and-build strategy. At the time of the transaction, the group has integrated 13 companies across 23 locations nationwide including some of Germany’s leading facilities. The rehaneo group employs over 1,000 professionals who provide care and services to more than 80,000 patients and customers each year.
The Deal
Lincoln International acted as the exclusive buy-side advisor to Fremman Capital, providing both M&A and Capital Advisory services, drawing on the extensive expertise in the healthcare services sector and providing unique insights to support the investment thesis. Fremman Capital’s investment will accelerate rehaneo’s successful strategy of acquiring new outpatient rehabilitation centers as well as the strategic development of existing facilities and the integration of the group.
Our Perspective
Dirk-Oliver Löffler, Lincoln International Managing Director and Co-Head of Healthcare Europe, who led the transaction, commented, “We are delighted to have advised Fremman Capital on its acquisition of rehaneo group, representing one of the first buy-out transactions in the outpatient rehabilitation sector in Germany. The rehaneo group has an exceptional track record driven by an entrepreneurial management team, and with the support of Fremman Capital will be able to further grow the business in a highly attractive and fragmented market. We look forward to seeing the business capitalize on the significant opportunities ahead.”
Dominik Spanier, Lincoln International Managing Director, commented, “We are very pleased for having advised Fremman Capital on the acquisition financing for rehaneo group. The business attracted considerable interest from lenders and we were able to secure a very attractive financing package by conducting a bespoke and competitive debt process. We congratulate the entire Fremman team on the completion of this transaction and look forward to the continued growth and success of the business.”
Fremman Capital
Fremman Capital is a leading and experienced pan-European mid-market private equity investor. Established in 2020, the firm has offices in London, Madrid, Paris, Munich and Luxembourg. Recognized as a trusted partner by management teams, entrepreneurs, and successors, Fremman Capital focuses on driving growth in essential industries, particularly healthcare, where it has deep expertise. The firm specializes in partnering with businesses poised for significant expansion, seeking strategic capital for international growth, or aiming to create value through market consolidation.
With its integrated approach of M&A and Capital Advisory services as well as the deal team’s deep healthcare sector expertise, Lincoln International was able to offer insightful analysis which acted as a key contributor to the successful completion of the transaction. Furthermore, the deal team supported the arrangement of an attractive and tailored debt package to further support rehaneo’s growth story.
Meet our Senior Team

I enjoy working closely with clients to overcome challenging situations and to develop strategies to meet their business goals.
Dirk-Oliver Löffler
Managing Director & Co-head of Healthcare, Europe
FrankfurtView More Transactions in Healthcare
Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.