Latest exits

The partial exit from Moventas, the leading manufacturer of industrial and wind turbine gears and provider of gear maintenance and service, was finalised in March and exit from Swedish service provider Synerco announced in April.

Moventas Oy (in the picture on right)

CapMan funds sold the majority in Moventas to private equity investor Industri Kapital in January. Moventas Oy is a leading manufacturer of industrial and wind turbine gears as well as provider of gear maintenance and service. During CapMan’s ownership the increase in sales has been very fast especially in wind turbine gears. The company has made significant investments, and the current capital expenditure program aims at doubling the volumes. The announced transaction is a natural step in the development of Moventas. CapMan funds have a 16% stake and a Board seat in Moventas after the transaction.

^{More information from Orvo Siimestö Read the press release Visit the portfolio company page Visit the company’s home page}

Synerco AB

CapMan funds have sold their stake in Synerco, the Swedish provider of integrated facility, security and office services, to Service Management company Addici Holding AB supported by its major owner private equity investor Argan Capital. Synerco’s annual growth has developed better than market average during CapMan’s investment period. As an independent company, Synerco has successfully built a diversified customer base and established a clear and specialised position in the market.

^{More information from Göran Barsby Read the press release}

Shares in SysOpenDigia Plc

CapMan funds sold their remaining shares in Finnish technology company SysOpenDigia in February. CapMan received the shares in the merger of Sentera Plc to SysOpenDigia Plc. The initial investment was made in Solagem Oy in year 2000. Sentera was later on merged with Iocore Oy, which together formed Sentera Plc. The investment is a perfect study book example of a consolidation in the Finnish technology market.

^{More information from}^{Timo Tiihonen}

lindplast A/S

Nordic Private Equity Partners II fund exited Lindplast A/S, the Danish provider of mono-layer packaging material of polyethylene film, in April.

^{Visit the portfolio company page}