Triton completes sale of Mehiläinen

Helsinki (Finland), 10 August 2018 - 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. 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.

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 Finland. The key improvement initiatives executed during Triton and KKR’s ownership have focused on patient care and experience, improving and extending the service provision offered in Finland.