CVC Capital Partners has led a consortium of Finnish institutions to buy Mehil盲inen, a private healthcare and social care provider in Finland from funds advised by Triton and KKR.
Triton and KKR bought Mehil盲inen in March 2010 as joint investors on a 50-50 basis. Mutual pension insurance companies Varma and Ilmarinen joined as minority shareholders in 2015.
LocalTapiola, a mutual life insurance company also took a minority stake in 2016.
CVC Capital Partners鈥� Fund VII has joined forces with the insurers LocalTapiola, Varma and Ilmarinen as well as Mehil盲inen management to acquire the asset for an undisclosed sum.
Varma and Ilmarinen both plan to continue to be shareholders in Mehil盲inen and to support its next growth phase.
Founded in 1909, Mehil盲inen provides a full range of healthcare and social care services through a network of over 360 units and employing more than 14,000 professionals.
Janne-Olli J盲rvenp盲盲, the CEO of Mehil盲inen, said: 鈥淚 am very excited to continue the strong partnership with LocalTapiola, Varma and Ilmarinen, and welcoming CVC as a new partner.鈥�
Erkki Moisander, the CEO of LocalTapiola, said: 鈥淏y increasing our strategic position in Mehil盲inen, we are reforming the Finnish healthcare together with our partners and also increasing the domestic ownership.鈥�
Tomas Ekman, Partner in CVC鈥檚 Stockholm office, said: 鈥淲e are very excited about the opportunity to partner with the management team of Mehil盲inen along with reputable Finnish institutions, LocalTapiola, Varma and Ilmarinen.鈥�
