Sale of Hjelp24 to Herkules Capital AS
MHS Corporate Finance acted as exclusive financial advisor in connection with Gjensidige’s sale of Hjelp24
MHS Corporate Finance acted as exclusive financial advisor to Gjensidige Forsikring ASA in a structured sales process, which led to the successful sale of 100% of the shares in Hjelp24 to Herkules Capital AS at an agreed sales price on an equity basis of NOK 315.8m. The sale was approved by the competition authorities in August 2011.
Hjelp24 is the biggest and leading player in private health services in Norway, and it has 40 offices across the country. The business is run under strong brand names, such as Hjelp24 and NIMI, and provides products to a diversified customer portfolio consisting of private customers and private and public enterprises. Hjelp24 covers the whole treatment chain from prevention and risk assessment to rehabilitation and return to work. The company is organised in four service areas; corporate health care services, private hospitals and specialist services.
Hjelp24 had an operating income of NOK 544.7 million in 2010, with an EBITA of NOK 27.3 million. The business has approximately 700 employees.
For more information: www.gjensidige.no