CapMan Plc exits Esperi Care Oy to Intermediate Capital Group Plc (ICG) and Etera Mutual Pension Insurance Company

Intermediate Capital Group Plc (ICG), the listed UK-based venture capital firm and Etera Mutual Pension Insurance Company, the Finland-based insurance company, along with the management of Esperi Care Oy, the Finland-based company that provides health services to elderly people and people with mental health and intellectual disabilities, have won auction and agreed to acquire 76.4% stake in the company, from CapMan Plc, the listed Finland-based private equity firm, for an undisclosed consideration.

The acquisition will support Esperi in the development of Finnish-care sector by introducing innovative services. Through this transaction, CEO of Esperi, Marja Aarnio-Isohanni, will continue in same position and increasing her stake to more than 10%. It is expected that revenues of Esperi in current year will grow up to EUR 160m and 4000 professionals.

Background:

Esperi reported revenues of EUR 160m with an EBITDA of EUR 11m for the year 2015. Terveystalo Healthcare Oyj, Mehilainen Oy, Attendo AB, Pihlajalinna Oyj and Mikeva Kotihoito were other bidders who were reported to have participated in the bidding process carried out by CapMan to sell its stake in Esperi. In 2010, CapMan Plc had acquired Esperi Care Oy in management buyout transaction, for an undisclosed consideration.