Triton acquires Esperi Care from former creditors

The sponsor will be investing via the Triton Smaller Mid Cap Fund II, which raised EUR 815m last March, according to Unquote Data. The fund targets small and mid-sized companies across DACH and Nordic region.

Triton has experience in Nordic healthcare experience, including Swedish emergency rooms and radiology operator Aleris; Swedish elderly and disabled care Ambea and Finnish private health care and social services in Finland Mehiläinen.

Esperi Care, which is active in elderly care, mental care and disabled care, was taken over by its creditors in February 2020, following a deterioration in its financial position, according to press reports at the time.

Esperi recorded approximately EUR 300m FY20 revenue and is profitable, but it has a significant amount of debt at the point of sale last year, according to the report. Revenue stood at EUR 301m for FY21, according to a source familiar with the business.

Company
Founded in 2001, Esperi Care is a residential care provider in Finland active within elderly, mental and disabled care. The company operates 112 locations in Finland, 41 nursing homes for mental care and 31 homes for disabled care. Esperi Care has about 7,000 customer beds with 200 municipalities as customers. The company has approximately 6,400 employees, of which a majority are nurses.

People
Triton – Peder Prahl (managing partner and CEO); Daniel Björklund (investment advisory).
Esperi Care – Stefan Wentjärvi (CEO).

Advisors
Vendor – Danske Bank, SEB (M&A)

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• Topics
• Buyouts
• Healthcare
• Nordics
• Finland
• Triton Partners