Triton’s Majority Investment in Esperi Care

White & Case advised Triton on the deal. Hannes Snellman acted as counsel to Esperi Care and its majority owners Danske Bank, SEB, and Ilmarinen.

Triton Smaller Mid Cap Fund II, advised by Triton, (Triton) executed its majority investment in Esperi Care, the leading care provider in Finland.

As part of the transaction, Triton will make a substantial investment to further develop Esperi Care’s services. The current owners Danske Bank, SEB and Ilmarinen will continue as minority shareholders in partnership with Triton.

Since its establishment in 1997, Triton has sponsored ten funds focusing on businesses in the industrial tech, services, consumer and healthcare sectors. It invests in and supports the positive development of medium-sized businesses headquartered in Europe, and seeks to contribute to the building of better businesses for the longer term. The companies currently in Triton’s portfolio have combined sales of around €18.1 billion and employ around 104,500 people.

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

The White & Case team which advised on the transaction was led by partner Jan Jensen (Picture; Stockholm) and included partners Magnus Wennerhorn (Stockholm), Janko Lindros, Tanja Törnkvist (both Helsinki) and Thomas Glauden (Luxembourg & Brussels), counsel Marika Harjula (Brussels & Helsinki) and associates Victor Åberg, Jussi Kukko, Olga Lehtonen, Satu Lindvall (all Helsinki), Victor Bengtson, Alex Antikainen (both Stockholm), Edouard de Walque and Marios Gavriiloglou (both Brussels).

The Hannes Snellman team comprised Sten Olsson, Antti Nyberg, Annika Schauman, Olli-Pekka Veranen, Tuomas Toivonen, Matias Moberg, Emmi Kantola, Heikki Vesikansa, Stefan Stellato, Maria Wasastjerna, Lauri Putkonen, and Jenni Heurlin.

Involved fees earner: Jenni Heurlin – Hannes Snellman; Emmi Kantola – Hannes Snellman; Matias Moberg – Hannes Snellman; Antti Nyberg – Hannes Snellman; Sten Olsson – Hannes Snellman; Lauri Putkonen – Hannes Snellman; Annika Schauman – Hannes Snellman; Stefan Stellato – Hannes Snellman; Tuomas Toivonen – Hannes Snellman; Olli-Pekka Veranen – Hannes Snellman; Heikki Vesikansa – Hannes Snellman; Maria Wasastjerna – Hannes Snellman; Victor Aberg – White & Case; Alex Antikainen – White & Case; Victor Bengtson – White & Case; Edouard de Walque – White & Case; Marios Gavriiloglou – White & Case; Thomas Glauden – White & Case; Marika Harjula – White & Case; Jan Jensen – White & Case; Jussi Kukko – White & Case; Olga Lehtonen – White & Case; Janko Lindros – White & Case; Satu Lindvall – White & Case; Tanja Tornkvist – White & Case; Magnus Wennerhorn – White & Case;

Law Firms: Hannes Snellman; White & Case;

Clients: Danske Bank; Esperi Care; Ilmarinen Mutual Pension Insurance Company; SEB; Triton Smaller Mid Cap Fund II;