Triton acquires Esperi Care
Helsinki (Finland), 28 June 2022 – The Triton Smaller Mid Cap Fund II advised by Triton (“Triton”) acquires a majority share in Esperi Care Oy (“Esperi Care”), a leading residential care provider in Finland. As part of the transaction, Triton will make a substantial investment to further develop Esperi Care’s services. The current owners Danske Bank, SEB and Ilmarinen will continue as minority shareholders in partnership with Triton.
"We look forward to actively supporting Esperi Care’s management and employees in developing the company. Our strong Nordic healthcare expertise, gained through investments in Aleris, Ambea and Mehiläinen, and further strengthened by our senior industry experts, will contribute in taking the company to the next level,” says Peder Prahl, Managing Partner and CEO.
Founded in 2001, Esperi Care is a leading residential care provider in Finland active within elderly care, mental care and disabled care. The company operates 112 elderly care locations in Finland, 41 nursing homes for mental care and 31 homes for disabled care. Esperi Care has about 7.000 customer beds with 200 municipalities as customers. The company has approximately 6.400 employees, of which a majority are nurses.
“Under the stewardship of the current management team, Esperi Care has made a remarkable transformation during the past two years. The company has steadily improved its day-to-day activities with the best interest of its clients and employees in mind. A high-quality service is possible only when delivered by qualified and motivated employees. We are deeply impressed by the fruitful efforts of all employees and stakeholders at Esperi Care and are strongly committed to further improving its services over the coming years to the benefit of Esperi Care’s clients,” says Daniel Björklund, Investment Advisory Professional at Triton.
“We are delighted to welcome Triton as our new majority owner. Triton’s healthcare and care sector expertise and strong focus on improving quality and professionalizing care concepts will benefit Esperi Care’s clients and employees. With Triton as our majority owner, we are ideally positioned to further develop our services to support and partner with society-at-large in meeting the growing needs in this sector,” says Stefan Wentjärvi, CEO of Esperi Care.
About Esperi Care
Esperi Care offers diverse and high-quality care services for the elderly, the disabled and people in need of mental care all over Finland. Esperi Care’s mission is to offer a safe home and enable a happy life for residents on their own terms. The company strives to anticipate the needs of the care industry and society and to develop its operations and continue to provide residents with the ingredients for a good life also in the future. Esperi Care’s goal and vision is to have the happiest residents in Finland.
More information: www.esperi.fi
Since its establishment in 1997, Triton has sponsored ten funds, focusing on businesses in the industrial tech, services, consumer, and healthcare sectors. Triton invests in and support the positive development of medium-sized businesses headquartered in Europe.
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 improvement and growth. The companies currently in Triton’s portfolio have combined sales of around EUR 18.1 billion and employ around 104,500 employees.
For further information: www.triton-partners.com