Barings has acted as sole lender of secured credit facilities for United Therapy Holding (United Therapy), a portfolio company of Quadriga Capital Funds (Quadriga).

Quadriga became the majority shareholder in the newly formed United Therapy Group, one of the leading physiotherapy providers in Germany. Across more than 50 locations, the group combines analogue physiotherapy offerings with digital telemedicine services and has the clear mission to be an innovative ecosystem and network for holistic care solutions.