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).
More on Exits
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Ares Management handed keys to two-thirds of UK sponsor’s portfolio
Lender provided GBP 500m for three of the GP's deals between 2016 and 2019, Debtwire reported
Actera Group explores strategic options for Celebi Ground Handling
Several investors placed bids for the company in 2022 but mismatch in pricing didn't lead to a deal
Main Capital’s Assessio to be sold to Pollen Street
Recruitment software company tripled in revenue under Main Capital’s ownership
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater