Vaaka Partners invests in Nordic Healthcare Group

NHG will be owned by Vaaka, key personnel and founders of NHG, and the members and advisers of the board of directors following the deal.

The terms of the transaction were not disclosed. Unquote understands that Vaaka will be the largest shareholder with a control position and that the transaction was not structured as a buyout, and no new debt was issued in relation to the deal.

Vaaka invests via Vaaka Partners Buyout Fund III, which closed on its €225m hard-cap in March 2017 after just three months on the road. In line with the GP's previous funds, Vaaka Buyout Fund III targets buy-and-build investments in Finnish SMEs, with a focus on funding international growth. The fund typically deploys €5-30m per transaction and Unquote understands the NHG deal is in line with that.

The investment is earmarked to accelerate the implementation of NHG's growth strategy in the Nordic region; this will notably be driven by acquisitions and investments in R&D.

Company
Nordic Healthcare Group is a Finnish healthcare and social services advisory and analytics company founded in 2004. Its clients include hospital districts, municipalities, private service providers, pharmaceutical companies, private equity investors and healthcare technology companies. It employs 100 staff.

People
Vaaka Partners – Antti Salmela (partner).

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• Topics
• Expansion
• Nordics
• Healthcare
• Support services
• Vaaka Partners Ltd (Formerly Pohjola)
• Finland