Triton and KKR Sell Mehiläinen to CVC Capital Partners
Triton and KKR acquired Mehiläinen in
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
"We would like to thank the management team, the employees, the Chairman, the Board, and all other stakeholders for their contributions to Mehiläinen's development. Since the acquisition in 2010, we have supported Mehiläinen to become a customer-focused and quality-driven health care and social service provider. We have experienced first-hand the dedication to care, service and quality that the employees and the leadership stand for and deliver. Triton together with KKR has been the owner of Mehiläinen for more than eight years and we view this as an appropriate time for a new owner to continue the development of Mehiläinen," says
Janne-Olli Järvenpää, CEO of Mehiläinen, said: “I am very excited to continue the strong partnership with LocalTapiola, Varma and Ilmarinen, and welcoming CVC as a new partner. With the new partnership group, I am excited about the future of Mehiläinen where our key focus will be to continue investing in our network and to provide best-in-class healthcare and social care services for the benefit of our customers, building on the many years of successful cooperation and the strong working relationship with KKR and Triton. I believe being a private domestic non-listed company gives us flexibility and agility to respond to the rapid transformation in the healthcare industry driven by digitalisation, increasing customer requirements, intensifying competition and regulatory uncertainty.”
KKR’s investment was made through its European Private Equity Fund III.
Mehiläinen Group is a well-known and highly valued private provider of healthcare and social care services in
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
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 37 companies currently in Triton's portfolio have combined sales of around €14,3 billion and around 91,000 employees.
The Triton funds are advised by dedicated teams of professionals based in
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic manager partnerships that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about
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