Global law firm White & Case LLP has advised the Triton Smaller Mid Cap Fund II, advised by Triton, (Triton) on its majority investment in Esperi Care, the leading care provider in Finland.
As part of the transaction, Triton will make a substantial investment to further develop Esperi Care’s services. The current owners Danske Bank, SEB and Ilmarinen will continue as minority shareholders in partnership with Triton.
Since its establishment in 1997, Triton has sponsored ten funds focusing on businesses in the industrial tech, services, consumer and healthcare sectors. It invests in and supports the positive development of medium-sized businesses headquartered in Europe, and seeks to contribute to the building of better businesses for the longer term. The companies currently in Triton’s portfolio have combined sales of around €18.1 billion and employ around 104,500 people.
Founded in 2001, Esperi Care is a leading residential care provider in Finland active within elderly care, mental care and disabled care. The company operates 112 elderly care locations in Finland, 41 nursing homes for mental care and 31 homes for disabled care. Esperi Care has around 7,000 customer beds with 200 municipalities as customers. The company has approximately 6,400 employees, of which a majority are nurses.
The White & Case team which advised on the transaction was led by partner Jan Jensen (Stockholm) and included partners Magnus Wennerhorn (Stockholm), Janko Lindros, Tanja Törnkvist (both Helsinki) and Thomas Glauden (Luxembourg & Brussels), counsel Marika Harjula (Brussels & Helsinki) and associates Victor Åberg, Jussi Kukko, Olga Lehtonen, Satu Lindvall (all Helsinki), Victor Bengtson, Alex Antikainen (both Stockholm), Edouard de Walque and Marios Gavriiloglou (both Brussels).
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