CapMan exits Esperi Care to ICG
Listed Finnish GP CapMan Buyout has sold its 76.4% stake in Helsinki-headquartered residential care provider Esperi to Intermediate Capital Group (ICG).
The exit comes six years after CapMan Buyout took a majority stake in the company through an SBO from a consortium of PE owners led by Unicus.
CapMan's listed entity will receive €6.1m of cashflow from the sale of Esperi, with a positive impact of €1.4m on its 2016 financials. Its stake was held in the GP's most recent vehicle: the 2009-vintage, €294.6m CapMan Buyout IX fund.
The deal is expected to close this summer, subject to approval by the Finnish regulator.
Company
Founded in 2001, Esperi provides a range of residential care services to the elderly and individuals with special needs.
It generated €160m of revenue in 2015 and employs a staff of 4,000. According to unquote" data, Esperi reported sales of €40.9m in 2009 and employed around 1,000 people.
People
CapMan – Markus Sjöholm (partner).
Esperi – Marja Aarnio-Isohanni (CEO).
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