Longship-backed Ecura completes two bolt-ons

The add-on acquisitions are intended to strengthen Ecura in the Norwegian care market and deepens its footprint in the Oslo region.

Longship completed the original deal via its Longship Fund I, which held a final close on €150m in December 2016. The GP invests NOK 100m-1bn in portfolio companies with sales of NOK 150m-1bn.

Previous funding
Longship acquired healthcare company Melas Helse in September 2016. Following the acquisition, the company was rebranded to Ecura.

Company
Oslo-based Asor Helse was established in 2015 and is a provider of homecare and health services in the Norwegian market, with a focus on elderly care and personal assistance to the disabled.

Meanwhile, Steinkjer-headquartered Accurate Care was founded in 2008 and provides temporary staff for hire and health personnel for permanent employment to the Norwegian health and care market.

Asor Helse and Accurate Care reported revenues of NOK 118m and NOK 65m respectively in 2017.

People
Longship – Kai Jordahl (managing partner).

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• Topics
• Portfolio management
• Nordics
• Healthcare
• Norway
• Build-up