Barnebygg was initially founded on construction of day care centres for private operators, co-operative societies and municipalities. Since 2003 the company has also operated day care centres and provided property management services to the centres. Barnebygg is currently operating 37 day care centres with a capacity of over 3,500 places. The company is to open 15 new centres during 2008. Barnebygg employs some 800 persons and its turnover in 2007 was approximately EUR 80 million.
The private sector produces more than half of Norway’s day care services with the remainder provided by municipalities. Growth of the day care services is speeded up by the Norwegian government’s objective to extend day care coverage in the entire country. CapMan’s ownership will support Barnebygg’s ability to continue it’s development and to meet market growth.
CapMan funds will hold 70 per cent and Barnebygg’s founder Einar Jansen and the management will hold 30 per cent of the new company to be established at execution of the transaction. The transaction is subject to approval by competition authorities.
CapMan Buyout invests in middle market buyouts in almost all industries in the Nordics. The Buyout team comprises 25 experienced professionals. The current team has made over 60 Nordic investments and close to 40 exits.
For further information, please contact:
Kai Jordahl, Deputy Head of CapMan Buyout, Senior Partner, tel. +47 23 23 75 71 or +47 909 82 271