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EY advised Deaconess Foundation and Rinnekodit on acquiring Poutapolku


As announced on May 20, EY-Parthenon has acted as financial advisor to Deaconess Foundation and Rinnekodit in the acquisition of Poutapolku.

Deaconess Foundation, a purpose-driven third-sector organization, together with its subsidiary Rinnekodit provide effective social welfare and health services for people in need of special support across Finland. Poutapolku is a Finnish company founded in 2020 specializing in foster care and outpatient care to wellbeing services counties across Finland with revenue of c. €12m and 250 employees. Through the transaction, Rinnekodit strengthens its services for children and young people and further develops its nationwide service network. The combination of the organizations supports the continued development of high-quality services and personnel wellbeing, while ensuring continuity for customers and employees.

 

The transaction is subject to approval by the competition authority and customary closing conditions.

 

More information can be found on Rinnekodit press release.

 

Below you can find a selection of EY-Parthenon's recent deal alerts and you can also find a more extensive list on our Transactions and Corporate Finance by EY-Parthenon page.

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    Summary

    EY-Parthenon and EY acted as the M&A advisor and financial, tax and HR due diligence advisor to Deaconess Foundation and Rinnekodit in the transaction.


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