CapMan acquires the entire share capitals of the two management companies of NPE. The transaction is carried out as a share exchange. The purchase price including both companies amounts to 1 130 000 CapMan B shares. It represents approximately 1.6% of the current share capital of CapMan. The completion of the acquisition requires among other things the approvals of the competition authorities and the Extraordinary General Meeting of CapMan. The seller is the operative management of NPE, who will continue to work for CapMan and become shareholders of CapMan.
Nordic Private Equity Group was established in 1991 and it is one of the oldest private equity companies in Denmark. The company employs 4 people in Copenhagen. NPE is specialised in mid-sized buy-outs making their investment strategy very similar to CapMan’s strategy in buy-out investments. NPE manages two equity funds with a total of DKK 264 million in capital (EUR 35.4 million). The funds have invested in nine companies. Three companies still remain in the portfolio: Audio Nord International A/S (distributor of high quality hi-fi equipment and manufacturer of loudspeakers); Lindplast A/S (polyethylene packaging materials) and Reima-Tutta Oy (children’s, sports and working clothing).
“The acquisition of Nordic Private Equity Group is part of CapMan’s growth strategy in the Nordic region. NPE has an experienced team, which creates an excellent opportunity for us to expand our business in Denmark”, explains Vesa Vanha-Honko, CapMan’s Senior Partner.
“We aim to significantly strengthen our market position in mid-sized buy-outs and technology investments”, says Leif Jensen, Managing Director of NPE.
For more information please contact:
CapMan, Senior Partner Vesa Vanha-Honko, tel. +358 9 6155 8310 or +358 400 506 690,
Nordic Private Equity Group, Managing Director Leif Jensen, tel. +45 35 26 0212 or +45 20 44 33 42 (mobile),
www.capman.fi, www.npep.dk
CapMan is one of the leading private equity investors in the Nordic countries with approximately EUR 1150 million under management in 12 equity funds. The funds managed by CapMan have invested in approximately 100 companies in Finland and elsewhere in Europe and have exited 26 companies to date. In addition to the direct investments in the portfolio companies, CapMan invests in other equity funds through the affiliate company Access Capital Partners. To date, Access Capital has invested in about 20 European equity funds. The Group’s parent company CapMan Plc has been listed on the Helsinki Stock Exchange since the beginning of April 2001. CapMan was established in 1989 and it employs 42 persons. In addition, CapMan has 4 Senior Advisors acting as consultants.
CAPMAN PLC
Vesa Vanha-Honko
Senior Partner
Distribution:
Helsinki Stock Exchange
Key media
http://www.capman.fi