Triton sells remaining shares in Ambea

Stockholm (Sweden), 31 May 2024 – Funds advised by Triton (“Triton”) have completed the sale of 7.6 million shares in Ambea AB (“Ambea” or “the company”), a leading care services provider in Scandinavia. This sale of shares means Triton has now fully realised its investment in the company.

Triton acquired Ambea in 2010 and made significant investments to improve the company’s quality of care, before listing it on the Nasdaq Stockholm in March 2017. Key initiatives during Triton’s majority ownership included refocusing Ambea on its elderly care and disabled care businesses by divesting non-core entities; implementing industry-leading quality management, transparency, and measurement systems; and completing more than 40 add-on acquisitions.

Following Ambea’s listing, Triton has continued to support the company as a significant shareholder and remained an active and leading investor in the Nordic care and healthcare space through investments in Aleris and Esperi Care.

Ambea today is a focused quality leader in the care space, with ca. 16,500 people receiving care through client assignments with 450 municipalities. The company has ca. 31,000 employees across 950 units in three countries, and has an annual turnover in excess of SEK 13 billion.

Daniel Björklund, Partner and Investment Advisory Professional at Triton said: “Triton has been a strong supporter of Ambea through various forms of investment, and we are happy to see what the company has become today. Guided by a commitment to continuously improving quality, Ambea is a leader within its field and a longstanding partner to the public sector in Scandinavia.”