News. 08/04/24

Humana to acquire Team Olivia’s Norwegian operation

Team Olivia, a leading care service provider in the Nordics has entered into an agreement to sell its Norwegian operations, Team Olivia Norge AS, to Human Care Holding AS (“Humana”). The Transaction is subject to approval by the Norwegian competition authority and is expected to be completed during the second quarter of 2024.

Team Olivia, a portfolio company of Procuritas Capital Investors IV (“PCI IV”), provides highly specialized care services within personal assistance, individual & family and elderly care in Sweden, Denmark and Norway.

“We are very happy that Humana has recognized the highly competent employees at Team Olivia and the quality of care we deliver. This new ownership ensures that our employees can continue to provide a professional and exceptional care and service on a daily basis”, says Ola Klingenborg, CEO Team Olivia.

At the time of PCI IV’s initial investment, the company had revenues of c. 200 MSEK and in 2022 Team Olivia reached c. 5,000 MSEK. The growth has been achieved through organic initiatives as well as over 50 add-on acquisitions.

“With a strong track record, Humana is a good fit for Team Olivias Norwegian operations. We are confident that they will continue to deliver the best possible care and we look forward to follow their journey into the future”, says Hans Wikse, Senior Advisor at Procuritas.

For more information:
Anders Andrén, Head of Communications, Procuritas
Anders.andren@procuritas.com
+46 76 – 133 99 40

About Team Olivia
Team Olivia is a leading care service provider in Sweden, Norway, and Denmark. The company offer services in personal assistance, care homes, treatment, schools with special support, and home care.

About Procuritas
Procuritas is a private equity investor, focused on investing in and growing Nordic mid-market companies. With a passion for business, hands-on active ownership approach and more than thirty-year record from a large variety of transactions, it has supported more than 45 companies in accelerating their growth and realizing their true business potential. As owners, Procuritas is characterized by its enthusiasm, commitment, and strong belief that it is an ally in the quest to build strong and sustainable businesses.

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