April 07, 2022

Barings Supports United Therapy, a Portfolio Company of Quadriga Capital

Barings today announces its role as sole lender of secured credit facilities to United Therapy Holding (“United Therapy”), a portfolio company of Quadriga Capital (“Quadriga”).

Quadriga acquired a majority stake in United Therapy, one of the leading physiotherapy networks in Germany. It was recently formed via a merger of Novotergum GmbH and Deutsche Arzt AG, in April 2022. Across more than 50 locations, the newly formed group combines analog physiotherapy offerings with digital telemedicine services, and has the clear mission to be an innovative ecosystem and network for holistic care solutions.

Barings acted as the sole lender to United Therapy, providing senior facilities to facilitate the company’s inorganic growth plans. As the company develops, it will seek to acquire additional practices, as well as expanding its service offering. The financing also includes a tailored ESG margin ratchet.

About Barings
Barings is a $391+ billion* global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate, and specialist equity markets. With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients, communities and employees, and is committed to sustainable practices and responsible investment.

*Assets under management as of December 31, 2021

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