05 Dec 2025

Gütt Olk Feldhaus Advises Maxburg on Financing of Acquisition of AAC Praxisberatung AG

"Gütt Olk Feldhaus advised funds advised by Maxburg Capital Management (Maxburg Beteiligungen IV GmbH & Co. KG) on the financing of the acquisition of AAC Praxisberatung AG. AAC is a leading software-based service provider for physician billing and practice management in Germany. Maxburg focuses on majority investments in German-speaking countries and has capital commitments exceeding €1 billion."

Gütt Olk Feldhaus advised funds advised by Maxburg Capital Management GmbH (acting through Maxburg Beteiligungen IV GmbH & Co. KG) on the financing of the acquisition of AAC Praxisberatung AG. Maxburg Beteiligungen IV GmbH & Co. KG has entered into a partnership with AAC Praxisberatung AG, a Munich-based, software-driven service provider specialising in management and auditing of physician billing within the German statutory health insurance system. For more than 20 years AAC has supported physicians in private practice and medical care centers (MVZ) with billing controlling, plausibility and profitability analyses. The company's digital AAC Practice Navigator® assists practices in increasing fees and minimising risks, and since its foundation more than 13,000 practices and numerous MVZs have been advised. Maxburg is an investment company focused on majority shareholdings in German-speaking countries and pursues sustainable, long-term growth in partnership with portfolio companies. The Maxburg investment vehicles have aggregate capital commitments of more than €1 billion. Gütt Olk Feldhaus represented Maxburg Beteiligungen IV GmbH & Co. KG (funds advised by Maxburg Capital Management GmbH) with a team composed by: Dr. Tilmann Gütt, LL.M. (London) (Partner, Banking / Finance, lead), Anja Schmidt (Associate, Banking / Finance).
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