IFLR1000

CVC Capital Partners €1.8 billion acquisition of Mehiläinen

18/5/2018
Acquisition finance, Private acquisition
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€ 1.8 billion

$ 1.998 billion

Announced

18/5/2018

Overview:

  • Private equity firm CVC Capital Partners led a Finnish consortium which has agreed to acquire Mehiläinen, one of Finland’s largest healthcare companies, from private equity companies KKR and Triton, for €1.8 billion.
  • Other members of the consortium of Finnish institutions, including LocalTapiola, Varma Mutual Pension Insurance Company and Ilmarinen, together with members of the Mehiläinen management.
  • CVC mandated with Bank of America Merrill Lynch, Barclays, Credit Suisse, Danske Bank, Jefferies and Nordea to arrange the all-loan financing for the acquisition.

Prin Shasiharan - Researcher

Jurisdictions:

Finland
Luxembourg
Sweden
United Kingdom

Deal types:

Acquisition finance
Private acquisition

Practice areas:

Banking
M&A

Industry sector:

Healthcare

Firms:
Arendt & Medernach

Party: Bank of America Merrill Lynch (Lender)

Party: Barclays (Lender)

Party: Credit Suisse (Lender)

Party: Danske Bank (Lender)

Party: Jefferies Finance (Lender)

Party: Nordea Bank (Lender)

Avance

Party: CVC Capital Partners (Acquirer)

Lawyers: Erkki-Antti Sadinmaa, Robin Nordblad, Selinda Näse

Bird & Bird

Party: Mehiläinen management (Acquirer)

Borenius

Party: Bank of America Merrill Lynch (Lender)

Party: Barclays (Lender)

Party: Credit Suisse (Lender)

Party: Danske Bank (Lender)

Party: Jefferies Finance (Lender)

Party: Nordea Bank (Lender)

Cederquist

Party: CVC Capital Partners (Borrower)

Elvinger Hoss Prussen

Party: CVC Capital Partners (Borrower)

Gernandt & Danielsson

Party: Bank of America Merrill Lynch (Lender)

Party: Barclays (Lender)

Party: Credit Suisse (Lender)

Party: Danske Bank (Lender)

Party: Jefferies Finance (Lender)

Party: Nordea Bank (Lender)

Hannes Snellman

Party: LähiTapiola (Acquirer)

I&O Partners

Party: Ilmarinen (Acquirer)

Lawyer: Risto Ojantakanen

Linklaters

Party: Triton Investment Management (Seller)

Roschier

Party: KKR (Seller)

Party: Triton Investment Management (Seller)

Simpson Thacher & Bartlett

Party: KKR (Seller)

Waselius

Party: Varma Mutual Pension Insurance Company (Acquirer)

Lawyer: Christoffer Waselius

Weil Gotshal & Manges

Party: Bank of America Merrill Lynch (Lender)

Party: Barclays (Lender)

Party: Credit Suisse (Lender)

Party: Danske Bank (Lender)

Party: Jefferies Finance (Lender)

Party: Nordea Bank (Lender)

White & Case

Party: CVC Capital Partners (Borrower)

Lawyer: Martin Forbes

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