HgCapital exits Mainio Vire to Triton's Mehiläinen

According to media reports, HgCapital sold the business at a loss.

Though the deal value was not disclosed, the sale valued HgCapital Trust's stake in Mainio Vire at £4.1m.

The exit brings an end to 16 years of private equity ownership of the business, which was first acquired by private equity in 2000, according to unquote" data.

Previous funding
For HgCapital, the exit concludes five years at the helm of Mainio Vire, which began in June 2011. The GP acquired Mainio Vire in an SBO from Finnish private equity firm MB Funds, through the £1.9bn HgCapital 6 vehicle.

MB had itself invested in Mainio Vire in February 2000, privatising the company through an FIM 80m MBO. Four years later, the GP increased its stake in the company by acquiring the remaining state-held stake in the company from the Finnish government.

Company
Headquartered in Helsinki, Mainio Vire is a provider of care services for the elderly and home and mental health services in Finland.

The company was founded in 1997 and employs a staff of 1,000 across 50 care homes. According to publicly available information, Mainio Vire generated €85.67m of revenue in 2015.

People
Mainio Vire – Leena Munter (CEO).
Mehiläinen – Janne-Olli Järvenpää (CEO).

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• Topics
• Exits
• Healthcare
• Nordics
• HgCapital
• Trade sale