Triton completes sale of Mehiläinen
Helsinki (Finland), 10 August 2018 - Funds advised by Triton ("Triton") and KKR have successfully completed the sale of Mehiläinen, a leading provider of private health care and social services in Finland, to CVC Capital Partners. The parties have agreed not to disclose any terms of the transaction.
Triton and KKR acquired Mehiläinen in March 2010 as joint investors on a 50-50 basis. Varma and Ilmarinen, mutual pension insurance companies, have been minority shareholders since 2015 and LocalTapiola, a mutual life insurance company, since 2016. Since the acquisition, Triton and KKR have supported the continued growth of the company through investments in new products and services, which have further strengthened Mehiläinen’s position as a leading player in health and social care. In February 2015, Mehiläinen merged with Mediverkko, further strengthening the Group’s position in primary care, social care and dental care.
Mehiläinen has successfully acquired and integrated more than 50 providers under Triton and KKR’s ownership, resulting in an extensive national service network with over 360 units and 14,000 professionals in health care and social care, and making Mehiläinen one of the biggest domestic employers in Finland. The key improvement initiatives executed during Triton and KKR’s ownership have focused on patient care and experience, improving and extending the service provision offered in Finland.
Mehiläinen Group is a well-known and highly valued private provider of healthcare and social care services in Finland, offering comprehensive high-quality services quickly and smoothly to private, insurance, corporate, and municipal customers. Mehiläinen provides help, support, and care for more than a million customers at locations near them.
Mehiläinen’s services are produced at over 360 locations by more than 14,000 employees and private practitioners.
For further information: www.mehilainen.fi
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe, focusing 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 34 companies currently in Triton's portfolio have combined sales of around €12,3 billion and around 81,000 employees.
The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, China, Luxembourg and Jersey.
For more information: www.triton-partners.com