M&A Deal Summary

CVC Capital Partners and Hellman & Friedman Acquire Mehiläinen

On May 18, 2018, private equity firms CVC Capital Partners and Hellman & Friedman acquired healthcare services company Mehiläinen from Triton Partners and KKR

Acquisition Highlights
  • This is CVC Capital Partners’ 8th and Hellman & Friedman’s 2nd transaction in the Healthcare Services sector.
  • This is CVC Capital Partners’ 2nd and Hellman & Friedman’s 1st transaction in Finland.

M&A Deal Summary

Date 2018-05-18
Target Mehiläinen
Sector Healthcare Services
Buyer(s) CVC Capital Partners
Hellman & Friedman
Sellers(s) Triton Partners
KKR
Deal Type Secondary Buyout

Target

Mehiläinen

Helsinki, Finland
Mehiläinen provides a full range of healthcare and social care services through a comprehensive network of over 360 units and employing more than 14,000 professionals. Healthcare services ranges from outpatient clinics, occupational healthcare, specialist care and dental care, whereas social care services include elderly care, and disabled, mental rehabilitation, and child welfare. Mehiläinen was founded in 1909 and is based in Helsinki, Finland.

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Buyer(S) 2

Buyer

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


DEAL STATS #
Overall 223 of 324
Sector: Healthcare Services M&A 8 of 14
Type: Secondary Buyout M&A Deals 49 of 77
Country: Finland M&A 2 of 2
Year: 2018 M&A 6 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-02 AOC

Collierville, Tennessee, United States

AOC is a global CASE & Colorants company focused on producing and formulating unsaturated polyester resins, vinyl ester resins, and other solutions for applications in coatings & protective barriers, colorants & visual effects, adhesives, and conventional composite resins. It serves customers globally with specialty products for the automotive, marine, corrosion, construction, and infrastructure segments. AOC was formed in 1960 and has production facilities in the U.S., Canada, Mexico, Europe, and Asia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-12 GarudaFood

South Jakarta, Indonesia

GarudaFood is a seller of branded consumer food products. The company has four main product categories: biscuits, snacks, instant beverages and chocolate confectionery which it produces across its five production facilities.

Buy -
Buyer

Hellman & Friedman

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Hellman & Friedman (H&F) is a large private equity firm on the West Coast of the US. H&F focuses on control and minority investments in a variety of transaction structures and will consider opportunities across the US and Europe. H&F seeks buyouts and business in need of restructurings that operate in defensible markets with predictable revenue and earnings growth. Target sectors include financial services, healthcare, indusrial, energy, insurance, media, marketing, professional services, software, and information services. H&F's target equity investment size is $300 million to $1 billion. Hellman & Friedman was formed in 1984 and has offices in San Francisco, New York City, and London.


DEAL STATS #
Overall 71 of 89
Sector: Healthcare Services M&A 2 of 2
Type: Secondary Buyout M&A Deals 23 of 27
Country: Finland M&A 1 of 1
Year: 2018 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-03 Renaissance

Wisconsin Rapids, Wisconsin, United States

Renaissance is a provider of technology-based school improvement and student assessment programs for pre-kindergarten through to senior high (pre-K-12, aged 5-18) schools and districts. The company's products and services, currently adopted by more than 70,000 schools, are primarily focused on two curriculum areas: reading and mathematics. Renaissance was formed in 1986 and is based in Wisconsin Rapids, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-29 SimpliSafe

Boston, Massachusetts, United States

SimpliSafe is a provider of residential monitored security solutions. The company’s proprietary security systems are sold to consumers on a “DIY” installation basis, offering customers a full range of features including intrusion and fire detection, video and smart home integration. The Company was founded in 2006 and is based in Boston, Massachusetts.

Buy -

Seller(S) 2

SELLER

Triton Partners

Frankfurt, Germany

Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 21.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Triton Partners is an investment firm focused on investing in medium-size companies headquartered in Western and Northern Europe. This includes businesses in Germany, Switzerland, Austria, Denmark, Finland, Norway, and Sweden. Triton generally pursues market leading companies with the potential for change, as well as growth opportunities through operational improvements. Sectors of interest include business services, consumer products, consumer services, healthcare, and industrials. Triton Partners was formed in 1997 and is based in Frankfurt, Germany.


DEAL STATS #
Overall 32 of 56
Sector: Healthcare Services M&A 3 of 5
Type: Secondary Buyout M&A Deals 7 of 12
Country: Finland M&A 3 of 3
Year: 2018 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-17 AVENTICS

Laatzen, Germany

AVENTICS GmbH is a manufacturer of pneumatics, marine technology, commercial vehicle technology, and inverted tooth chains. AVENTICS is based in Laatzen, Germany.

Sell €527M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-17 Unident

Falkenberg, Sweden

Unident is a distributor of dental consumables and equipment as well as a provider of lab services and dental analytics software. Unident was founded in 1992 and is headquartered in Falkenberg, Sweden.

Buy -
SELLER

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 112 of 209
Sector: Healthcare Services M&A 4 of 7
Type: Secondary Buyout M&A Deals 17 of 36
Country: Finland M&A 1 of 2
Year: 2018 M&A 9 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-14 Proserv

Aberdeen, United Kingdom

Proserv is a controls technology company incorporating two divisions, Proserv Controls, which encompasses our innovative subsea controls solutions, alongside our topside, IWOCS, sampling, and measurement offerings to the oil & gas and renewables markets, and Gilmore, a Proserv Company, known for its globally renowned control valves. Proserv is based in Aberdeen, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-23 FanDuel

New York, New York, United States

FanDuel, Inc. operates an online fantasy sports platform that enables users to play fantasy games and win cash prizes.

Sell -