M&A Deal Summary

Attendo Acquires Mikeva

On May 31, 2017, Attendo acquired healthcare services company Mikeva from G Square Capital for 150M EUR

Acquisition Highlights
  • This is Attendo’s 4th transaction in the Healthcare Services sector.
  • This is Attendo’s largest (disclosed) transaction.
  • This is Attendo’s 4th transaction in Finland.

M&A Deal Summary

Date 2017-05-31
Target Mikeva
Sector Healthcare Services
Buyer(s) Attendo
Sellers(s) G Square Capital
Deal Type Add-on Acquisition
Deal Value 150M EUR

Target

Mikeva

Vantaa, Finland
website
Mikeva is a social care service company that provides residential care and rehabilitation services for the elderly, mentally and physically disabled, as well as children and adolescents. Mikeva was formed in 1989 and is based in Vantaa, Finland.

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Buyer(S) 1

Buyer

Attendo

Danderyd, Sweden

website


Category Company
Founded 1985
Sector Healthcare Services
Employees25,000
Revenue 12.3B SEK (2020)
DESCRIPTION

Attendo offers financed care services for older people in nursing homes and home care. The company's services include care for older people, care for people with disabilities, individual and family care, as well as healthcare. Attendo was formed in 1985 and is based in Danderyd, Sweden.


DEAL STATS #
Overall 5 of 5
Sector (Healthcare Services) 4 of 4
Type (Add-on Acquisition) 5 of 5
Country (Finland) 4 of 4
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-01 Onnentäyttymys Oy

Finland

Onnentäyttymys Oy is a nursing home for older people.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-17 Attendo Group AB - Healthcare Operations

Finland

Attendo Group AB - Healthcare Operations include primary care, specialist care, staffing and dental clinics and have revenue of EUR 235 million and adjusted EBITA margin of 7.5% in 2017. Approximately half of the revenue came from public pay and dental care outsourcings (seven full outsourcings under the "Kuntaturva" brand and 13 outsourced health centers) where Attendo's Finnish healthcare operation is the market leader with high quality and cost-efficient operations. Revenue from staffing operations was EUR 78 million in 2017. The remaining share of revenue is divided in private dental care and occupational healthcare. Approximately 85% of the services provided were publicly funded in 2017. The Finnish healthcare operations' staffing pool of general practitioners, specialists and dentists amounts to approximately 2,600 professionals.

Sell €233M

Seller(S) 1

SELLER

G Square Capital

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2008
PE ASSETS 2.0B EUR
Size Large
Type Sector Focused
DESCRIPTION

G Square Capital is a specialist private equity group focused on acquiring and/or providing growth capital to mid-cap healthcare companies with an enterprise value up to €200 million. G Square primarily looks for opportunities in Europe and specifically targets healthcare services (private hospitals, nursing homes, diagnostic labs, imaging centers), services to the healthcare industry, medical technology providers, and pharmaceuticals. G Square was formed in 2008 and is based in London.


DEAL STATS #
Overall 2 of 3
Sector (Healthcare Services) 2 of 3
Type (Add-on Acquisition) 1 of 2
Country (Finland) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-10 Duo-Med

Londerzeel, Belarus

Duo-Med is a provider of specialized surgical instruments and disposables in the field of minimally invasive abdominal surgery, gynecology and urology, and interventional radiology and endoscopy. Duo-Med is based in Londerzeel, Belarus.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Medicharme

Versailles, France

Medicharme operates a chain of nursing homes, residential units for elderly disabled people, and accommodations for autonomous elderly people. It focuses on the higher end of the dependency spectrum, including dedicated Alzheimer units. Medicharme was founded in 2014 and is based in Versailles, France.

Buy -