Solhagagruppen’s history dates back to the 1950’s when Solhaga by was founded in the Gothenburg area by the Ekman family. The operations of Solhaga by were focused at providing accommodation and daily activity services for adults and elderly, with autism-spectrum conditions, that are entitled to receiving care according to LSS1 . In 2006, Solhaga by had a turnover of SEK ~100 million. During the spring of 2007, Valedo conducted an extensive review of the general care market and the LSS-segment was identified as an interesting segment with considerable developmentand consolidation potential since it was highly fragmented with a large number of regional and/ or niche companies. In a detailed review of the LSS market, Solhaga by was distinguished as a well-managed company with a leading regional market position and a very strong reputation for high quality of care – an excellent platform for a supporting owner, with a long-term focus and willingness to invest in the company, to build a clear market leader. Solhagagruppen, in its current form, was established in the summer of 2007 when Valedo invested alongside the Ekman family in Solhaga by, to become majority owner, and initiated an accelerated development phase.
When Solhagagruppen in 2010 had reached the targets agreed by the owners in 2007; to develop into the clear market leader in Sweden within care of individuals with autism-spectrum conditions, a potential divestment of Solhagagruppen was evaluated. At this time, potential buyers had also started to contact Solhagagruppen’s owners showing a strong interest in acquiring the company, further indicating a reason for the owners and the company to evaluate a change in ownership, in order to continue the strategic development of Solhagagruppen. This resulted in Bridgepoint Development Capital acquiring Solhagagruppen in the spring of 2010. Bridgepoint is a UK-based private equity fund with significant experience and competence in owning and developing private care companies.
When Solhagagruppen in 2010 had reached the targets agreed by the owners in 2007; to develop into the clear market leader in Sweden within care of individuals with autism-spectrum conditions, a potential divestment of Solhagagruppen was evaluated. At this time, potential buyers had also started to contact Solhagagruppen’s owners showing a strong interest in acquiring the company, further indicating a reason for the owners and the company to evaluate a change in ownership, in order to continue the strategic development of Solhagagruppen. This resulted in Bridgepoint Development Capital acquiring Solhagagruppen in the spring of 2010. Bridgepoint is a UK-based private equity fund with significant experience and competence in owning and developing private care companies.
Location: Sweden
Employees: 51-200