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Home › Media › Releases 2004 › CapMan’s and 3i’s ownership in Karelia Corporation

Press release - 5 October 2004

CapMan’s and 3i’s ownership in Karelia Corporation

Private equity investors CapMan and 3i are planning an exit from their Finnish investee company Karelia Corporation. In addition to IPO preparations, CapMan and 3i have participated in exit negotiations with several parties, of which Hartwall Capital Oy is one as referred in the Finnish media. The exit negotiations are ongoing and no final decisions regarding the exit time or method have been made yet.

The funds managed/advised by CapMan and 3i Finland invested in Karelia Corporation in June 2000. The owners have developed the company actively since the investment.

As the exit negotiations are still unfinished, the current owners of Karelia Corporation and the company’s management have decided not to comment the company’s exit prospects any further at this stage.

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. The CapMan team comprises around 80 people in Helsinki, Stockholm, Copenhagen and Oslo. CapMan manages/advises funds with approx. EUR 1.83 billion in total capital, of which approx. EUR 573 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 143 companies in the Nordic countries and exited from 66 companies. The latest investments are made in Swedish InDex Pharmaceuticals AB, Norwegian Locus AS, Danish Anhydro Group and Finnish Solid Information Technology Oy. CapMan Plc is listed on the Main List of the Helsinki Stock Exchange. www.capman.com

3i Group Plc
3i is one of the leading private equity investors in the world. It is specialised in buyouts and growth and technology investments in Europe, USA and Asia-Pacific area. In its last financial year, which ended on 31 March 2004, 3i invested in total 1.5 billion euros. The latest investment objects in Finland are Halti Oy, Lamor Corporation Ab and Kemira Fine Chemicals Oy. www.3i.com

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