CapMan's history
CapMan today |
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Today CapMan manages €3.5 billion in capital and employs approx. 150 people in Helsinki, Stockholm, Copenhagen, Oslo and Moscow. |
CapMan celebrated 20 years in private equity
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In 2009 CapMan turned 20 years. Since 1989 CapMan has established its position as one of the leading alternative asset managers in the Nordic countries and Russia. |
Operations expanded to Russia and to investments in listed companies
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In 2008 CapMan took two major steps forward in its strategy of exploiting growth opportunities in alternative asset class by expanding operations to Russia and establishing Public Market Fund investing in Nordic listed companies. |
Excellent result for CapMan Plc
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In 2007 CapMan exited highly successfully from CapMan Real Estate I fund's portfolio. During the year a service platform (consisting of Investor Services, Group Finances and Accounting, IT and HR and Office Services teams) was established to enable the future expansion into new investment areas. |
Active year of exits
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Year 2006 was one of the most active years for exits, including the sale of Nordkalk Corporation. The holding period of Nordkalk was 3.8 years. As a result of active value creation work the investment returned the fund investors their original investment 4.6 times. CapMan made also several new investments, including investment in Finnish healthcare product distributor OneMed Group. |
Expansion in alternative asset class
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In summer 2005 CapMan established, based on investors' demand, its first private equity real estate fund. During the year the total capital under management grew by 76 per cent as a result of the new funds. In 2005 CapMan invested in nine portfolio companies and 18 properties. |
Operations expanded to Norway
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The Nordic growth strategy was finalised in January 2004 when CapMan opened an office in Norway. For the first time capital under management exceeded one billion euros. The first buyout investment in Norway was made into Cardinal Foods, a poultry and egg producer. |
Operations expanded to Sweden and to life science investments
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In February 2002 CapMan acquired Swedestart Management AB, one of the leading Swedish venture capital companies within technology and life science. Investment in Synerco, a leading provider of integrated corporate facility management services, in 2003 was one of CapMan's first buyout investments in Sweden. |
Nordic expansion began from Denmark
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In line with CapMan’s Nordic growth strategy, which was published at the time of listing, CapMan expanded its operations to Denmark, Sweden and Norway in 2001–2004. The first steps of Nordic expansion were taken in April 2001, when CapMan acquired Danish Nordic Private Equity Group. |
CapMan listed on Helsinki Stock Exchange
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The listing of CapMan’s B shares in Helsinki Stock Exchanges began on 2 April 2001. CapMan was one of the first listed private equity management companies. At the end of 2000s several international alternative asset managers have been listed. Read more: CapMan's shares and shareholders. |
Associated company Access Capital Partners established
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In spring 1999, CapMan joined forces with top French private equity professionals to establish Access Capital Partners, a leading European manager and advisor of fund of funds. Today Access Capital Partners has offices in Paris, Munich and Brussels. Currently CapMan owns 35 per cent of the company. |
First mezzanine and technology funds were established in 1995
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CapMan started to substantially grow its private equity business in the mid 1990s. New funds were raised every year and in 1995 CapMan enlarged its investments from equity to mezzanine, and started to build up technology operations in addition to the initial buyout operations. Gradually, CapMan achieved a dominant market share in the Finnish private equity market. |
Management buyout
MBO |
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In 1993 Ari Tolppanen, Vesa Vanha-Honko, Tuomo Raasio and Olli Liitola made an MBO through their company CapMan Partners and acquired CapMan Capital Management from institutional owners KOP, Pohjola and Programator. Between 1994 and 1999 the Senior Partner group was enlarged by Peter Buch Lund, Heikki Westerlund and Petri Saavalainen. |
First fund and first investment
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In 1990 CapMan established its first private equity fund, Finnventure Fund I. The fund’s size was €11.1 million. CapMan also made its first investment in Finnish Kuusamo Tropic spa resort. |
CapMan was established
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CapMan Capital Management was founded in 1989. CapMan was owned by institutional owners KOP, Pohjola and Programator. |