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A leading elderly and disabled care services provider in Sweden

Ambea

Ambea was acquired by Triton Fund III in March 2010

Ambea Sweden is a leading elderly and disabled care services provider in Sweden. Ambea is active in the public-pay market for care services through Vardaga and Nytida which mainly provide services on behalf of local and regional authorities. Nytida is one of the leading providers of care for the disabled and Vardaga is one of the leading private providers of elderly care services in the Nordic region. Ambea also provides medical personnel staffing services through Rent-A-Doctor, Rent-A-Nurse and Careteam.

Ambea Sweden has gone through major changes since Triton's investment in 2010. In 2011, the company faced significant media attention that resulted in internal turmoil and employee turnover. In order to stabilize the business and to create a more focused and stronger future platform, the underperforming Healthcare and Home Services businesses were divested. The company was also re‐branded during 2013, creating two distinct brands: Vardaga for elderly care and Nytida for disabled care. The corporate brand name remains Ambea.

Triton acquired Ambea Sweden as part of Ambea Group in March 2010 through a competitive process from 3i. The acquisition was done together with KKR on a 50/50 basis. Since then, Ambea Sweden has been separated from the Finnish Mehiläinen Group into an independent entity.

Since the acquisition, Triton and KKR have supported the company for continued growth through investments for improved quality. Following Triton's investment in 2010, significant progress has been made to create a Swedish quality leader.

Key events since Triton's investment

  • Transformed Ambea into a customer focused, quality driven care provider through restored public and customer trust in the company
  • Increased investment in people and leadership through strengthened employee engagement, leadership at unit level, as well as improved management assessment
  • Returned the business to a more normalized level of profitability, improved flexibility through a new financing package and re-focused business for growth
  • Won market leading share of tender volumes in both 2013 and 2014
  • Six larger acquisitions during 2014 and 2016
  • Acquired Solhagagruppen, a leading provider of disabled care services in Sweden with selected activities also in Norway

Press releases

31 Mar 2017 Triton portfolio company Ambea makes successful stock market debut at an issue price of SEK 75 per share
10 Jan 2017 Ambea acquires Norwegian TBO-Helse AS
10 Mar 2016 Ambea Sweden completes acquisition of Solhagagruppen
12 Jan 2016 Ambea Sweden to acquire Solhagagruppen
13 Nov 2012 Carema streamlines and focuses on care

Country:
Sweden

Fund:
Triton III

Acquisition date:
March 2010

Sector:
Consumer

Sales:
€579 milion (2016)

Number of employees:
14,000 (2016)

Board of directors:
Lena Hofsberger (Chairman)
Hans Arstad
Daniel Björklund
Ingrid Jonasson Blank
Anders Borg
Thomas Hofvenstam
Gunilla Rudebjer

Company website:
www.ambea.com

Contact:
Thomas Hofvenstam

Management:
Fredrik Gren
(CEO)
Daniel Warnholtz
(CFO)

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