MB Funds has sold Debora, a Finnish home care service provider, to Mehiläinen in a transaction signed on 7th December 2021. Debora’s child welfare services businesses are not included in the transaction, and continues its operations as Debora Lapsiperhepalvelut Oy.
Debora is a nationwide provider of social and health care services and provides services mainly in customers’ own homes all of Finland. Debora operates through 16 regional units in approximately 60 municipalities and employs over 1500 professionals. The sold entity includes businesses related to home care of elderly and people with disabilities, personal assistance, physiotherapy, personnel staffing, and cleaning services. Businesses included in the transactions generate revenue of approximately €25 million in 2021.
After the transaction, all the employees of Debora continue their work as before with the existing conditions of employment. In addition, services for customers continue as before in all operations of Debora. Debora becoming a part of Mehiläinen enables the customers to benefit from more a comprehensive service offering that is also further developed.
”During the past year, Debora has taken considerable positive steps forward in its operations. I’m very happy with our achievements and a huge credit for this belongs to the engaged employees of Debora! Employees get from Mehiläinen a new great employer who certainly continues to develop Debora’s businesses to a next strong phase. I want to thank MB Funds on behalf of the whole management team for the open and professional cooperation through our journey together”, says Juhani Pälve, CEO of Debora.
“We have been owners of Debora since July 2017, and the revenue of the company has grown approx. 60% during our ownership. In addition, internal procedures and processes, quality of services, and profitability have developed significantly. During the years 2020 and 2021, we have successfully developed our operations despite the Covid-19 pandemic. Debora’s management and employees deserve an acknowledgement for their recent great work”, comments Eero Niiva, partner in MB Funds.
Eero Niiva
Partner, MB Funds
+358 40 556 4660 or eero.niiva@mb.fi
Debora Group briefly
Debora is a nationwide provider of social and health care services and provides services mainly in customers’ own homes all around Finland. Debora operates through 16 regional units in approximately 60 municipalities and employs over 1500 professionals.
MB Funds briefly
MB Funds is the leading Finnish private equity investor founded in 1988. Total assets under MB Funds management stand at 0.5 billion euro with prime Finnish institutions as its main fund investors. MB Funds has successfully invested in over 40 mid-sized companies in the Nordics.
