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, acting together with a consortium of Finnish institutional investors and the Mehiläinen Management Group.
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.
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.