MVI has sold Art Clinic to Aleris, a portfolio company of Triton

Art Clinic

Art Clinic was founded in 1999 and has grown to become one of the leading providers of private specialist care in Sweden offering orthopedics, spine surgery, aesthetic and reconstructive plastic surgery. The company is comprised of almost 230 employees and operates clinics in four locations: Stockholm, Gothenburg, Jönköping and Uppsala, Sweden, and five satellite sites for consultation and aftercare.

The Deal

The acquisition of Art Clinic marks Aleris’ next step in the company’s continuous focus to become the most modern and accessible specialist healthcare provider in Scandinavia. Following the acquisition, Aleris will provide specialist healthcare services at 109 locations in Sweden. Jonas Edwardsson, Chief Financial Officer of Aleris Group, commented, “I have worked in mergers and acquisitions (M&A) for 20 years, and this is definitely one of the best and smoothest transaction processes I have ever been involved in.”

Our Perspective

Gunnar Brundin, Managing Director in Lincoln’s Stockholm office, commented, “The specialist healthcare market continues to consolidate at increasingly attractive valuations. Art Clinic’s quality offering and strong market positions has attracted significant trade interest. The sale of Art Clinic to Aleris, a leading specialist healthcare provider in the Nordics, marks another transaction in the consolidation of the market. The transaction constitutes a compelling strategic fit to Aleris with substantial synergies to follow.”


MVI is a leading private equity company investing in the small-and-medium-sized enterprises segment. MVI aims to be a catalyst, facilitating growth through organic and inorganic growth initiatives. MVI works actively with value creation in its portfolio companies through a large network of entrepreneurs and senior executives. MVI is recognized for its proprietary investment theses with strong returns for investors.


Aleris is one of Scandinavia’s leading private healthcare companies conducting healthcare and diagnostics in Sweden, Norway and Denmark. Aleris offers high quality services to the public care system, to insurance companies and to patients who pay for their own healthcare. Aleris has approximately 4,700 employees and sales of more than €620 million.


Triton is an investment firm that invests primarily in German-speaking countries, the Nordics, Benelux, France, Italy, Spain and the United Kingdom. Triton focuses on companies in the middle market and smaller-middle market in the industrial technology, services, consumer and healthcare sectors with the potential to create sustainable, long-term value through changing economic cycles. The 50 companies currently in Triton’s portfolio have a combined sales of more than €18 billion and more than 100,000 employees.

MVI Art Clinic Aleris Triton 2022 Connect with a Senior Team Member
We ran a very fast exclusive process after having been approached by Aleris at an attractive valuation. Lincoln made the transaction run very smoothly and supported the company and MVI in an excellent way throughout the process.
Stefan Karlsson
Partner at MVI

Meet our Senior Team

Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.