Mehiläinen ( Finnish for "

bee Bees are winged insects closely related to wasps and ants, known for their roles in pollination and, in the case of the best-known bee species, the western honey bee, for producing honey. Bees are a monophyletic lineage within the superfamil ...

") is a concern for social and healthcare services for both public and private customers, active in

Finland Finland, officially the Republic of Finland, is a Nordic country in Northern Europe. It borders Sweden to the northwest, Norway to the north, and Russia to the east, with the Gulf of Bothnia to the west and the Gulf of Finland to the south, ...

Sweden Sweden, formally the Kingdom of Sweden, is a Nordic countries, Nordic country located on the Scandinavian Peninsula in Northern Europe. It borders Norway to the west and north, and Finland to the east. At , Sweden is the largest Nordic count ...

Germany Germany, officially the Federal Republic of Germany, is a country in Central Europe. It lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total popu ...

and

Estonia Estonia, officially the Republic of Estonia, is a country in Northern Europe. It is bordered to the north by the Gulf of Finland across from Finland, to the west by the Baltic Sea across from Sweden, to the south by Latvia, and to the east by Ru ...

. The company's largest owner is

CVC Capital Partners CVC Capital Partners plc is a Jersey-based private equity and investment advisory firm with approximately €186 billion of assets under management and approximately €157 billion in secured commitments since inception across American, European, ...

.Hoivajätti Mehiläinen saa pääomistajan Luxemburgista ja uusia suomalaisomistajia – aikoo haukata entistä suuremman osa sote-miljardeista
''Uusimaa'' 18 May 2018. Accessed on 16 November 2021.Niskanen, Saara
Mehiläinen kasvaa Virossa hammashoidon palveluissa, jotka kiinnostavat myös suomalaisia – "Selkeästi suomalaisasiakkaita on"
''

Talouselämä ''Talouselämä'' () is a Finnish language weekly financial and business magazine published in Helsinki, Finland. It has been in circulation since 1938. History and profile ''Talouselämä'' was established by Finnish businessmen in 1938. The m ...

''. Accessed on 11 November 2021.

History

1909-1999

The hospital limited company Mehiläinen was founded in Helsinki in 1909Pääomistajat myyvät osuutensa Mehiläisestä – enemmistöomistajaksi pääomasijoittaja
''

Ilta-Sanomat is one of Finland's two prominent tabloid-size evening newspapers and the largest paper in the country. Its counterpart and biggest rival is '' Iltalehti''. According to the National Media Research done in 2019, ''Ilta-Sanomat'' is also the bi ...

'' 18 May 2018. Accessed on 11 November 2021. as a small private hospital.Toppari, Kirsti
Helsingin korttelit kertovat osa 7 Sairaala ja vanha suojeluskuntatalo
''

Helsingin Sanomat , abbreviated ''HS'' and colloquially known as , is the largest subscription newspaper in Finland and the Nordic countries, owned by Sanoma. Except after certain holidays, it is published daily. Its name derives from that of the Finnish capital ...

'' 12 August 1994. Accessed on 13 November 2021. It was founded by four Finnish-speaking doctors, Reguel Löfqvist, Akseli Koskimies, Walter Sipilä and K. F. Hirvisalo.Mehiläinen yrityksenä
Mehiläinen. Accessed on 12 November 2021. The company was named after the mythical bee Mehiläinen in the national epic ''

Kalevala The ''Kalevala'' () is a 19th-century compilation of epic poetry, compiled by Elias Lönnrot from Karelian and Finnish oral folklore and mythology, telling a story about the Creation of the Earth, describing the controversies and retaliatory ...

'', who healed

Lemminkäinen Lemminkäinen () or Lemminki () is a prominent figure in Finnish mythology. He is one of the heroes of the ''Kalevala'', where his character is a composite of several separate heroes of oral poetry. He is usually depicted as young and good-loo ...

as he was dying. The company was first located on the Huvilankatu street.Sairaala Osakeyhtiö Mehiläinen — Historia
Pörssitieto. Accessed on 12 November 2021. The company bought two lots from the city of Helsinki from the newly constructed area in Pohjois-Töölö, and the first part of the hospital was completed in autumn 1932 at Hesperiankatu 17. The company created rental apartments in its old premises. In 1933 the hospital was expanded to Runeberginkatu, and the third phase was completed in 1937, at which time the building right of the lots was exhausted. The hospital had 128 places for the sick and also space for newly-born babies. The last completed part also had space for apartments and businesses. During the

Winter War The Winter War was a war between the Soviet Union and Finland. It began with a Soviet invasion of Finland on 30 November 1939, three months after the outbreak of World War II, and ended three and a half months later with the Moscow Peac ...

the hospital first served as a first aid station for the city of Helsinki, until it became a

military hospital A military hospital is a hospital owned or operated by a military. They are often reserved for the use of military personnel and their dependents, but in some countries are made available to civilians as well. They may or may not be located on a m ...

for the Finnish Red Cross, later known as the

Töölö Hospital The Töölö Hospital was a hospital in Taka-Töölö, Helsinki, Finland, belonging to the Helsinki University Central Hospital. It had special departments for plastic surgery, orthopedic surgery and traumatology, hand surgery and neurosurgery. ...

.Pesonen, Hannu: ''Mehiläinen: 100 vuotta suomalaisten elämässä.'' Otava 2009. {{ISBN, 9789511236221. pp. 8-11. The hospital also served as a military hospital during the

Continuation War The Continuation War, also known as the Second Soviet–Finnish War, was a conflict fought by Finland and Nazi Germany against the Soviet Union during World War II. It began with a Finnish declaration of war on 25 June 1941 and ended on 19 ...

. During the bombing of Helsinki in February 1944 the hospital was damaged and was forced to shut down almost all activities for a while. Group services by special doctors were started in 1957. In 1964 the city of

Espoo Espoo (, ; ) is a city in Finland. It is located to the west of the capital, Helsinki, in southern Uusimaa. The population is approximately . It is the most populous Municipalities of Finland, municipality in Finland. Espoo is part of the Helsi ...

rented 34 bed places from Mehiläinen. In 1974 the company started offering work healthcare services. The company was renamed Sairaalaosakeyhtiö Mehiläinen in 1978. The childbirth department of Mehiläinen was discontinued in June 1980. In 1984 the company bought the

Hakaniemi Hakaniemi (; ) is an unofficial district of Helsinki, the Finland, Finnish capital. It covers most of the Subdivisions of Helsinki, neighbourhood of Siltasaari in the district of Kallio. Hakaniemi is located at the sea shore and is separated from ...

medical station and its daughter company, the Kielotie medical station in

Vantaa Vantaa (; , ) is a city in Finland. It is located to the north of the capital, Helsinki, in southern Uusimaa. The population of Vantaa is approximately . It is the most populous municipality in Finland. Vantaa is part of the Helsinki Metropoli ...

. The deal also included the

Forum Forum or The Forum may refer to: Common uses *Forum (legal), designated space for public expression in the United States *Forum (Roman), open public space within a Roman city **Roman Forum, most famous example * Internet forum, discussion board ...

medical station, which only started activities in 1986. Mehiläinen renovated its concern structure from 1994 to 1995. The Kalevankatu medical station was fused to the parent company and the Forum medical station into the Hakaniemi medical station. The Mehiläinen hospital had 90 places for the sick, a laboratory and a surgical operation room. The hospital served about 130 thousand patients per year.

2000-2010

CapMan CapMan Oyj, founded in 1989 and headquartered in Helsinki, Finland, is a Finnish private equity fund manager listed in Helsinki Stock Exchange. CapMan manages funds with capital raised mainly from European institutional investors, such as pensio ...

and

SITRA Sitra ( or , ''As-Sitra''), also known as Sitrah or Sitra Island ( ), is an island in Bahrain situated approximately south of the capital, Manama, which is on Bahrain Island. History The island of Sitra has witnessed various conflicts. One ...

became Mehiläinen's major owners in 2000. In the next year, the Mehiläinen Hospital Limited Company and Tohtoritalo fused into Mehiläinen Oy. Tohtoritalo had been founded in 1996 as a merger between Meditori and the Vagus medical station. In 2002 the company acquired Remedi from

Vaasa Vaasa (; , ), formerly (1855-1917) known as Nikolaistad (; ),Kuopio Kuopio ( , ) is a city in Finland and the regional capital of North Savo. It is located in the Finnish Lakeland. The population of Kuopio is approximately , while the Kuopio sub-region, sub-region has a population of approximately . It is the mos ...

. In the next year the company acquired a further nine companies. In 2006 CapMan and SITRA sold the majority of Mehiläinen's shares to the Swedish investor company 3i and Mehiläinen became part of the Swedish Ambea concern.Mehiläinen kiisti "härskin verokikkailun" syksyllä 2011 – Oikeus pui nyt, oliko sittenkin verojen välttelyä

YLE Yleisradio Oy (; ), abbreviated as Yle () (formerly styled in all uppercase until 2012), translated into English as the Finnish Broadcasting Company, is Finland's national public broadcasting company, founded in 1926. It is a joint-stock comp ...

11 September 2017. Accessed on 12 November 2021. In 2007 Carema Hoivapalvelut Oy, the Finnish daughter company of Carema, the Swedish daughter company of the Ambea concern, was acquired by Mehiläinen. In 2009, the company started offering healthcare and home care services in

Karis Karis (; ) is a town and former municipality in Finland. On January 1, 2009, it was consolidated with Ekenäs and Pohja to form the new municipality of Raseborg (). It is located in the Finnish province of Southern Finland and is part of U ...

with the Carema name. Mehiläinen started offering services for child protection and mental health rehabilitation through the Leivoyhtiöt company. In 2010

KKR KKR may refer to: * KKR & Co., a global investment firm *Kolkata Knight Riders, an Indian Premier League franchise * Rheinsberg Nuclear Power Plant (), first nuclear power plant in the former East Germany * Kalkara, Malta, postal code KKR *Kir-Bala ...

and Swedish company Triton AB became the major owners of Mehiläinen.

2011-

In the 2010s, many Finnish municipalities privatised their social and healthcare services to Mehiläinen and other companies. In municipalities who had outsourced their social and healthcare services, there were many problems in reaching the promised level of services in organising both the municipality's own activity and control of outsourced services. According to the city of

Kemi Kemi (; ; ; ) is a cities of Finland, town and municipalities of Finland, municipality of Finland. It is located approximately from the city of Tornio and the Finland–Sweden border, Swedish border. The distance to Oulu is to the south and t ...

, half of the doctors agreed in the contract with Länsi-Pohja Oy were missing. According to

Lasse Männistö Lasse Pekka Männistö (born 16 March 1982) is a Finnish politician and an executive in charge of outsourcing and public relations at the Finnish private hospital corporate group Mehiläinen. He has been criticized for violating the dignity of Pa ...

, the CEO of Mehiläinen Länsi-Pohja Oy, the missing doctors were Kemi's own fault, as the premises were poor. According to Männistö, the company intends to amend the missing doctors by moving their work to nurses and by offering digital services. Mediverkko and Mehiläinen announced their merger in November 2014. Janne-Olli Järvenpää, the founder and CEO of Mediverkko, became the CEO of the new company. Mediverkko was acquired by Mehiläinen in January 2015. At the time, the concern had a total revenue of over 360 million euro and over nine thousand employees. In summer 2017 LähiTapiola bought a ten-percent share of Mehiläinen. Mehiläinen had a revenue of over 165 million euro, almost 30 percent more than in the previous year. In May 2018 the funds controlled by Triton and KKR sold Mehiläinen to LähiTapiola, Varma,

Ilmarinen Ilmarinen () is a god and archetypal artificer from Finnish mythology. He is immortal and capable of creating practically anything. In addition, he is described as working the known metals of the time, including brass, copper, iron, gold, and sil ...

and

. The company had over 14 thousand employees. From 2015 to 2018 Mehiläinen acquired over 40 companies. During one year Mehiläinen built over 700 new apartments for the elderly, the disabled and mental health rehabilitants. The Mehiläinen home service was active in over 150 municipalities. In April 2019 the

OP Financial Group OP Financial Group is one of the largest financial companies in Finland. It consists of 180 cooperative banks and their central organization. "OP" stands for "osuuspankki" in Finnish, literally meaning "cooperative bank". The financial group has ...

announced it would sell the healthcare services of Pohjola Terveys to Mehiläinen, having offered workplace healthcare services to 800 customer companies with a total of almost 19 thousand employees. In November Mehiläinen announced it would acquire Pihlajalinna. At this time Mehiläinen's revenue reached one billion euro for the first time, at a total of 1064 million euro.Jurvelin, Kyösti
Hoivakohu koetteli Mehiläistä, mutta liikevaihto puhkaisi miljardin euron rajapyykin – "Jyvät erottuivat akanoista"
''

Kauppalehti ''Kauppalehti'' () is a commerce-oriented newspaper published in Helsinki, Finland. The paper has been in circulation since 1898. History and profile ''Kauppalehti'' was established by the Finnish Businessmen's Association in 1898. Since 1919 th ...

''. Accessed on 11 November 2021. In 2020 Mehiläinen made its first foreign acquisition,Hertsi, Anneli
Mehiläinen hakee ostokohteita Ruotsista ja muilta lähialueilta – "Kaatunut fuusio vapautti energiaa muihin kasvuhankkeisiin"
''

''. Accessed on 11 November 2021. when its daughter company BeeHealthy bought the

Stockholm Stockholm (; ) is the Capital city, capital and List of urban areas in Sweden by population, most populous city of Sweden, as well as the List of urban areas in the Nordic countries, largest urban area in the Nordic countries. Approximately ...

-based company Sibyllekliniken. BeeHealthy was separated into a separate company for new start-up activities selling Mehiläinen's digital services abroad.Terveydenhuolto , Mehiläinen pyrkii kansainvälisille markkinoille digipalveluilla – Suomen lähialueille on tarkoitus perustaa myös omia lääkärikeskuksia
''

'' 24 November 2020. Accessed on 11 November 2021. In September the Finnish Competition and Consumer Authority made a proposal to the market court to forbid the merger between Mehiläinen and Pihlajalinna. In late November Mehiläinen and Pihlajalinna announced that the deal had been cancelled. In 2021 Mehiläinen acquired the

n workplace healthcare company Qvalitas as well as three dental care stations, of which the firstly acquired company Unimed fused with the later acquisitions of KW and Al Mare. In November Mehiläinen acquired the

German German(s) may refer to: * Germany, the country of the Germans and German things **Germania (Roman era) * Germans, citizens of Germany, people of German ancestry, or native speakers of the German language ** For citizenship in Germany, see also Ge ...

company Dalberg Klinik AG.

Organisation

In 2018 Mehiläinen employed over 5400 doctors, of which about 3300 were in active practice. There were over 57 medical centres and a total of over 18,800 employees. The company had eleven hospitals all over Finland. In 2020 healthcare services amounted to 773.2 million euro and social care services to 389.3 million euro of the total revenue. Of the revenue, 596.2 million euro came from the public sector, 306.3 million euro from corporate customers and the remaining 260.0 million euro from private customers. Mehiläinen employed about 70 software developers producing its digital services.Holtari, Seija
Mehiläinen hakee maailmalta jättipottia, tavoitteena 800 miljoonaa euroa – "Tämä tarkoittaa väistämättä myös yrityskauppoja"
''

''. Accessed 11 November 2021. Mehiläinen works abroad through the BeeHealthy brand. In spring 2021 BeeHealthy had 50 employees.Jauhiainen, Ilkka
Terveysyhtiö Mehiläinen aikoo kasvaa ulkomailla digiterveyden avulla – "Ruotsissa ja Saksassa markkinoiden keskittyminen on vasta edessä"
''

'' (subscribers only). Accessed on 11 November 2021.

Ownership

In autumn 2021 the five largest owners of Mehiläinen were the funds controlled by the Luxembourgian company

(56%), the LähiTapiola group (20%) as well as the

Varma Mutual Pension Insurance Company Varma Pension Insurance Company (Finnish: ''Keskinäinen työeläkevakuutusyhtiö Varma'') is a pension insurance company in Finland. Varma manages statutory TyEL insurance for employees and YEL insurance for the self-employed and statutory voc ...

(20%), the State Retirement Fund of Finland and the insurance company

Products and services

The three most important business areas of Mehiläinen are private healthcare services, public healthcare services and social care services. The concern also offers mental health services. The OmaMehiläinen service has over one million registered users. It can be used to reserve appointments, request renewal of prescriptions or view one's own healthcare records.

Digital clinic

In 2020 the Mehiläinen digital clinic had about 550 thousand patients in Finland. The service can also be used to contact a doctor remotely. The service is used in Finland and Estonia. The digital clinic allows to handle some of the patients faster than by a traditional appointment.Digilääkäriltä vaaditaan erityistä empatiaa – video näyttää, miten monet vaivat hoituvat nyt kotisohvalta käsin

11 November 2020. Accessed on 11 November 2021. In Finland, for example LähiTapiola, Länsi-Pohja, Siikalatva and Varkaus offer digital services provided by Mehiläinen.

BeeHealthy

Mehiläinen licences a service based on OmaMehiläinen and the digital clinic also abroad, for example in

Greece Greece, officially the Hellenic Republic, is a country in Southeast Europe. Located on the southern tip of the Balkan peninsula, it shares land borders with Albania to the northwest, North Macedonia and Bulgaria to the north, and Turkey to th ...

and

Italy Italy, officially the Italian Republic, is a country in Southern Europe, Southern and Western Europe, Western Europe. It consists of Italian Peninsula, a peninsula that extends into the Mediterranean Sea, with the Alps on its northern land b ...

. Healthcare companies and hospital chains can use the BeeHealthy service to provide digital appointment reservation, fulfilment of preliminary information forms, healthcare access, remote appointments, various kinds of remote coaching and follow-ups and access to one's own medical information such as laboratory test results. The application can be connected to mobile healthcare applications such as Apple Health. Foe example a

diabetic Diabetes mellitus, commonly known as diabetes, is a group of common endocrine diseases characterized by sustained high blood sugar levels. Diabetes is due to either the pancreas not producing enough of the hormone insulin, or the cells of th ...

can enter their own weight and sugar values into the service, after which a care team can discuss the situation with them by a telephone call or communication through the application.

Tax responsibility

In 2006 the Swedish fund capital company 3i became Mehiläinen's main owner and Mehiläinen became part of the Swedish Ambea concern. The concern took an internal loan for the deal, which the Finnish daughter company could then pay off paying the interest to Sweden. As the buyer was a foreign company, the company did not have to pay

real estate transfer tax Real estate transfer tax is a tax that may be imposed by states, counties, or municipalities on the privilege of transferring real property within the jurisdiction. Rates In the USA, total transfer taxes can range between very small (for example ...

to Finland. For the parent company, the interest paid by the daughter company is exempt from tax.Oikeus: Terveysyhtiö Mehiläinen syyllistyi veronkiertoon - asiantuntijan mukaan riita 13 miljoonasta on vasta jäävuoren huippu: "Tämä on sitä samaa moskaa"
''

Iltalehti ''Iltalehti'' (literally "Evening newspaper") is a tabloid newspaper published in Helsinki, Finland. History and profile ''Iltalehti'' was established in 1980 as the afternoon edition of the newspaper '' Uusi Suomi''. The Helsinki-based Alma ...

''. Accessed on 12 November 2021. In 2010 the Swedish Triton AB became Mehiläinen's second main owner in addition to the American company KKR. In 2011 the aggressive

tax shelter Tax shelters are any method of reducing taxable income resulting in a reduction of the payments to tax collecting entities, including state and federal governments. The methodology can vary depending on local and international tax laws. Types of ...

that Triton had been practicing in the

Jersey Jersey ( ; ), officially the Bailiwick of Jersey, is an autonomous and self-governing island territory of the British Islands. Although as a British Crown Dependency it is not a sovereign state, it has its own distinguishing civil and gov ...

tax haven A tax haven is a term, often used pejoratively, to describe a place with very low tax rates for Domicile (law), non-domiciled investors, even if the official rates may be higher. In some older definitions, a tax haven also offers Bank secrecy, ...

, while legal as such, attracted criticism.Vårdbolaget Carema smiter undan skatt
''

Hufvudstadsbladet ''Hufvudstadsbladet'' (abbr. ''HBL'') is the highest-circulation Swedish language, Swedish-language newspaper in Finland. Its headquarters is located in Helsinki, the capital of Finland. The name of the newspaper translates approximately into "Jo ...

''. Accessed on 11 November 2021. Mehiläinen was also accused of tax avoidance,Mehiläinen maksoi verottajalle 13,8 miljoonaa, vaikka korkein oikeus ei ole vielä päättänyt asiasta: "Varovaisuuden periaate"
''

Suomen Kuvalehti ''Suomen Kuvalehti'' ( or 'the Finnish picture magazine') is a weekly Finnish language family and news magazine published in Helsinki, Finland. History and profile ''Suomen Kuvalehti'' was founded in 1873 and published until the year 1880. The m ...

'' 1 April 2019. Accessed on 12 November 2021. as according to ''

Keskisuomalainen is a daily Finnish language newspaper published in Jyväskylä, serving Central Finland, central Finland (''Keski-Suomi'' means Central Finland). Its parent company Keskisuomalainen Oyj owns nearly 80 newspapers. History and profile was first ...

'' it had taken advantage of the concern donations paid to its parent company. According to ''

'' Mehiläinen paid its taxes in 2015 normally based on its bottom line: the taxable income was 19.2 million euro, of which 3.8 million euro was paid in tax.Saarinen, Juhani
Verosuunnittelun takia ryvettynyt Mehiläinen vakuuttaa nyt tunnollisuuttaan
''

'' 11 May 2016. Accessed on 11 November 2021. In May 2016 Mehiläinen's CEO commented on the company's reputation which had suffered because of the tax shelter and said that because of the controversy the company's activities had been completely revised. Mehiläinen had been separated from its Swedish parent company and both the CEO and the board had been replaced. From 2017 to 2018 the Helsinki district court reviewed Mehiläinen's tax shelter from 2006 to 2012 when it had been part of the Swedish Ambea concern. Mehiläinen had abandoned the tax shelter in 2012 when its loans had been changed into capital. The Helsinki district court saw that Mehiläinen was guilty of tax evasion. Mehiläinen appealed the decision to the supreme court, but paid 13.8 million euro in tax even before the supreme court gave its verdict. Of the sum 8.8 million euro was tax and increased tax, the rest was late payment charges. In May 2019 Finnwatch published a tax responsibility document about the social and healthcare business, where Mehiläinen was ranked worst of the six healthcare companies mentioned in the document. Of the companies investigated, it got the most points for its public tax strategy, while its points were decreased by its loan strategy to decrease its taxable income, the ongoing legal process and that part of its business income had been converted into capital income. Mehiläinen received a grade of -2 on a scale from -11 to +11. According to the report, Mehiläinen did not have an aggressive shareholder loan plan, but during the years before the report, it had been undercapitalised with loans taken from funds institutions, whose interests decrease the taxable income in Finland and the self-sufficiency grade of the company was significantly lower than the average in the business. In the 2018 corporate organisation plan the self-sufficiency grade of the concern had increased. Over half of Mehiläinen's doctors are employed as external service providers, and the company OmaPartners Oy partly owned by Mehiläinen pays work commitment shares to its shareholder doctors. In 2018 these shares had been paid for a total sum of 6.05 million euro. In April 2020 Mehiläinen announced that the supreme court had declined its appeal and the legal process that had been ongoing for several years was at an end.

Problems in activities

In 2011 the Swedish healthcare service company Carema owned by Triton received criticism about cutting expenses related to everyday healthcare services. Because of the public controversy caused by the death of a patient in an Esperi Care nursery home in January 2019,

Yle Yleisradio Oy (; ), abbreviated as Yle () (formerly styled in all uppercase until 2012), translated into English as the Finnish Broadcasting Company, is Finland's national public broadcasting company, founded in 1926. It is a joint-stock comp ...

revealed that of the three largest nursery home companies in Finland, Mehiläinen had had problems related to shortages of nursery staff just as well as Esperi Care and Attendo had. The

Regional State Administrative Agency The Regional State Administrative Agencies (, ) are a set of top-level regional organs of the state of Finland, mainly in charge of basic public services and legal permits. Six agencies took over some of the tasks of the earlier provinces of Finla ...

had found deficiencies in Mehiläinen nursery homes, but the problems were not as severe than with the other companies Yle had investigated. In autumn 2021 there were widespread news about problems in Mehiläinen nursery homes. The matter was bought to public attention because of the treatment of an autistic boy, but other widespread problems were found in the unit. The police started investigating the matter.Talasterä, Johanna
Poliisi aloittaa esiselvityksen kehitysvammaisen pojan kaltoinkohtelusta hoivakodissa

8 November 2021. Accessed on 14 November 2021.

References

External links

Official site
Health care companies of Finland Kohlberg Kravis Roberts companies CVC Capital Partners companies