Mehiläinen signs agreement to acquire Mainio Vire
Helsinki (Finland), 16 June 2016 – Mehiläinen, a Triton Fund III company, has signed an agreement to acquire Mainio Vire, a leading provider of elderly care, mental health and home services in Finland. Completion is subject to regulatory approval. The purchase price has not been disclosed.
Founded in 1997, Mainio Vire was one of the first private social care companies in Finland and it has grown rapidly via a combination of opening new care homes and selected small acquisitions to become one of the largest social care companies in Finland today. The company operates close to 50 care homes with almost 1,600 beds in over 50 municipalities. The company has approximately 1,400 employees, the significant majority of which have formal social or healthcare education
Mehiläinen Group is the best-known and most highly regarded private provider of health care and social services in Finland. The Group is active in various sectors of the market for privately funded health care services, as well as publicly funded health care and social services.
In February 2015, Mehiläinen and Mediverkko merged to become a significant new pioneer for Finnish healthcare and social services.
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Northern Europe - with a focus on Germany, Switzerland, Austria and the four Nordic countries: Denmark, Finland, Norway and Sweden. Within this European region, Triton focuses on businesses in the Industrial, Business Services and Consumer/Health sectors.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 27 companies currently in Triton's portfolio have combined sales of around €12 billion and around 55,000 employees.
The Triton funds are advised by dedicated teams of investment professionals based in Germany, Sweden, the United Kingdom, Luxembourg and Jersey.
For further information: www.triton-partners.com