CVC Said to Weigh Options for Nordic Healthcare Firm Mehilainen

CVC Capital Partners is exploring strategic options for Finnish healthcare company Mehilainen, according to people familiar with the matter.

The private equity firm has been speaking to potential advisers about a possible sale or initial public offering of Mehilainen, the people said. The business could be valued at as much as €5 billion ($5.3 billion) in any transaction, the people said, asking not to be identified discussing confidential information.

A consortium led by CVC bought control of Mehilainen in 2018 from KKR & Co. and European private equity firm Triton. Finnish institutions including LocalTapiola Group, Varma and Ilmarinen joined ...