Funds suggested by Triton (“Triton”) and KKR have efficiently accomplished the sale of Mehiläinen, a number one supplier of personal well being care and social providers in Finland, to CVC Capital Companions, performing along with a consortium of Finnish institutional traders and the Mehiläinen Administration Group.
The events have agreed to not disclose any phrases of the transaction.
Triton and KKR acquired Mehiläinen in March 2010 as joint traders on a 50-50 foundation. Varma and Ilmarinen, mutual pension insurance coverage firms, have been minority shareholders since 2015 and LocalTapiola, a mutual life insurance coverage firm, since 2016. Because the acquisition, Triton and KKR have supported the continued development of the corporate by way of investments in new services, which have additional strengthened Mehiläinen’s place as a number one participant in well being and social care. In February 2015, Mehiläinen merged with Mediverkko, additional strengthening the Group’s place in main care, social care and dental care.
The Triton funds are suggested by devoted groups of execs based mostly in Germany, Sweden, Norway, Finland, Denmark, Italy, the UK, america, China, Luxembourg and Jersey.