22. December 2025

ARQIS provided legal advice to Kapital 1852 and the founder and managing director of Physio CKI on the successful exit to Gilde Healthcare.

Chaled Qarizada, founder and managing director of Physio CKI, remains a significant shareholder in the group and will continue to lead the business. Kapital 1852 has successfully supported Physio CKI in recent years during its start-up and growth phase. The partnership with Gilde Healthcare now represents the next step in the company's development and is intended to be further accelerated through a successful greenfield approach.

Kapital 1852 is a fund platform initiated and advised by Hauck Aufhäuser Lampe Privatbank AG and comprises a direct investment fund focused on private equity, as well as funds of funds in the areas of venture capital, private debt, and infrastructure. The focus of the direct investment strategy within private equity is on structuring and financing company successions, the acquisition of corporate carve-outs, and expansion financing for small and medium-sized enterprises.

Physio CKI, headquartered in Cologne, provides physiotherapy services of the highest standard across 13 practices in the Rhein-Sieg, Cologne-Bonn, and Düsseldorf regions. The group employs over 200 people, making it one of the most successful physiotherapy chains in Germany.

ARQIS previously advised Chaled Qarizada on the entry of Kapital 1852. As part of the exit, the sponsor has once again chosen the team led by Dr. Jörn-Christian Schulze, which impressed with its healthcare expertise and interdisciplinary approach. A Livingstone team led by Christian Grandin acted as M&A advisor, as it had done for the entry.

ARQIS (Düsseldorf): Core Deal Team Dr. Jörn-Christian Schulze (Lead), Christos Choudeloudis (Managing Associate), Tim Meyer-Meisel (Associate, all Transactions), Partner: Dr. Mirjam Boche (Risk), Thomas Chwalek (Transactions), Johannes Landry (Restructuring & Insolvency), Dr. Ulrich Lienhard (Real Estate), Counsel: Jens Knipping (Tax), Martin Weingärtner (HR Law), Managing Associates: Tim Bresemann, Diana Puchowezki (both Real Estate), Dr. Bernhard Gröhe (Regulatory), Katrin Ludwig, Severin Steffens (both Transactions), Rolf Tichy (IP, Munich), Associates: Ivo Ertekin, Stella Tönnessen (both Transactions), Paulina Hüttner (IP, Munich), Lia Papismedova (Real Estate), Dr. Tim Weill (HR Law), Foreign Lawyer: Qing Xia