Vaaka Partners builds Fysios platform

Vaaka partner Reijo Grönholm told unquote" the GP has taken a majority stake in the newco, with the company's management also investing.

The deal was done on an all-equity basis, and made from the 2012-vintage €150m Vaaka Partners Buyout Fund II vehicle.

Fysios will cover 27 locations in 14 cities and has plans to expand further in the future. Grönholm said Vaaka Partners will be providing finance for add-on acquisitions as part of the company's growth strategy, which aims to grow its staff of physiotherapists from 130 to 600 and to have 500,000 customers by 2020.

Company
Fysios was founded through the merger of seven local Finnish physiotherapy clinic businesses: FysioSporttis; Kuntofysio; Fysioteekki; Ortopedinen Kuntotalo Apex; Eurofysio; Fysiokeskus; and OMT-klinikka.

Fysios employs 130 physiotherapists across its current 27 locations, and has revenues of around €10m.

People
Partner Reijo Grönholm led the deal for Vaaka Partners. Heikki Tiitinen and Pasi Syrjä are partners and managers of Fysios.

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• Topics
• Nordics
• Buyouts
• Healthcare
• Finland
• Vaaka Partners Ltd (Formerly Pohjola)
• Buy-and-build