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Home › Media › Releases 2003 › CapMan invests in Metallfabriken Ljunghäll AB

Press release - 16 July 2003

CapMan invests in Metallfabriken Ljunghäll AB

Funds managed/advised by CapMan have acquired a majority share ownership in the Swedish company Metallfabriken Ljunghäll AB. The minority shareholders will be Ljunghäll’s present owners Hans Gunnarsson and Ingrid Asp and the top management of the company. The present owners will maintain a significant role in the company in the future both through their shareholdings and through Mr Hans Gunnarsson maintaining his position as CEO of Ljunghäll. Mr Åke Skeppner will be elected as new Chairman of the Board.

Metallfabriken Ljunghäll is the leading manufacturer of technically advanced aluminium die-cast products in the Nordic countries. Ljunghäll’s operations are located in Södra Vi in the Småland province of Sweden and the company has about 650 employees. The company’s main customers are Volvo AB, Volvo Cars Corporation, Scania and Ericsson and its turnover was EUR 93 million in 2002.

”We are very pleased to have CapMan as our new reliable business partner. As a result of CapMan’s investment, Ljunghäll will gain a partner with an international contact network, a strong financial position and thorough know-how of business development. Together, these assets form a solid platform for Ljunghäll’s future growth,” states Mr Hans Gunnarsson, CEO of Ljunghäll.

”Ljunghäll is in an exciting stage of development. The company has an experienced management team, strong technical competence and high quality awareness – on the basis of which we are confident about the company’s future development,” adds Mr Mats Gullbrandsson, Investment Manager at CapMan.

CapMan expanded the activities of its Buyout Business Unit to Stockholm at the beginning of last March. “The investment in Ljunghäll, which is our first Swedish buyout investment after the team’s Nordic expansion, is an important step towards establishing CapMan’s strong position as a buyout investor in Sweden,” states Mr Markus Sjöholm, Partner of CapMan.

The company’s new Chairman of the Board, Mr Åke Skeppner, has extensive industrial and international experience from e.g. Eldon and Thule.

An ordinary application about the investment has been given to Swedish Competition Authority Konkurrensverket.

For further information, please contact:
Mats Gullbrandsson, Investment Manager, CapMan, tel: +46-(0)734-408 488
Markus Sjöholm, Partner, CapMan, tel: +358-40-508 0121
Hans Gunnarsson, CEO, Metallfabriken Ljunghäll AB, tel +46 (0)492-16607

About Metallfabriken Ljunghäll AB
Ljunghäll was founded in 1917 as a village smithy by farrier Edvin Ljungkvist and his wife Hilda. Ljunghäll’s business operations include the development, design, production and sale of technically advanced aluminium die-cast products. The company is a clear market leader in the Nordic countries, and its production facilities are among the most modern in Europe. Ljunghäll’s production plant is located in Södra Vi, where it produces 10,000 tonnes of aluminium per year. The company’s customers are mainly in the automotive and telecommunications industries. In 2002 the company had a turnover of EUR 93 million and 650 employees.

CapMan Group
CapMan is one of the leading private equity investors in the Nordic countries and specialises in mid-sized buyouts in various industry sectors, technology investments in the IT and telecommunications sectors and investments in life science companies. CapMan team comprises around 80 people in Helsinki, Stockholm and Copenhagen. CapMan manages/advises funds with approximately EUR 1.653 billion in total capital, of which app. EUR 527 million is managed by the affiliated company Access Capital Partners, which invests in European private equity funds. To date, the funds managed by CapMan have invested in 131 companies in the Nordic countries and exited from 54 companies. The latest investments are made in Finnish Sentera plc, in Swedish Silex Microsystems AB and in Danish Eco-Dan A/S. CapMan Plc is listed on the Main List of the Helsinki Stock Exchange.

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