Global law firm White & Case LLP has advised CVC Capital Partners (CVC), one of the world's leading private equity and investment advisory firms, on the €1.01 billion senior and second lien loan financing for the acquisition by lead investor CVC Fund VII and a consortium of Finnish institutions including LocalTapiola, Varma and Ilmarinen, together with the management of Mehiläinen, of leading Finnish private healthcare and social care provider Mehiläinen.
"White & Case has a strong and established relationship with CVC and a proven track record advising on both private equity and healthcare transactions," said London-based White & Case partner Martin Forbes, who led the Firm's deal team. "These strengths were clearly showcased in a deal of real strategic significance in the Finnish healthcare market that will propel Mehiläinen into its next growth phase."
CVC has mandated Bank of America Merrill Lynch, Barclays, Credit Suisse, Danske Bank, Jefferies and Nordea to arrange the all-loan financing.
Founded in 1909, Mehiläinen is a leading private healthcare and social care provider in Finland. It offers a full range of healthcare and social care services through a comprehensive network of more than 360 units, and employs more than 14,000 professionals. Healthcare services include outpatient clinics, occupational healthcare, specialist care and dental care, with social care including services for the elderly and disabled, mental rehabilitation and child welfare.
The White & Case team in London which advised on the transaction was led by partner Martin Forbes and included partner Justin Wagstaff and associates Nicola Chapman and Ben Morrison.
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