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Home › Media › Releases 2005 › CapMan invests in Danish Scan•Jour A/S

Press release - 5 September 2005

CapMan invests in Danish Scan•Jour A/S

Funds managed by CapMan have agreed to invest EUR 4 million in Danish Scan•Jour A/S mainly through a capital increase. The company is specialised in integrated document and records management systems. After the transaction CapMan funds will become a significant shareholder. Other major shareholders are founder Finn Madsen, business angel Peter Sørensen and employees. The transaction is expected to be closed by end of September 2005. The investment is made to finance Scan•Jour’s growth in Denmark and its expansion abroad.

Scan•Jour is specialized in developing integrated document and records management systems mainly to the public sector. They deliver the core system to the public sector and secure that public administration is handled efficiently and effectively and in compliance with regulations within public administration. Scan•Jour employs 130 people and its sales in 2004/2005 were EUR 12 million.

”Scan•Jour has shown impressive growth and it has a strong market position in the public sector. A stronger financial position creates a good platform for securing its market leader position in Denmark and to expand its business to other Nordic or European countries,” says Tommy Valther Hansen

”Besides the financial backing I am very pleased to be able to meet the rising demands in the larger projects from our customers and to have CapMan as an active investor and sparring partner supporting our expansion plans. The company is now ready to take advantage of the expected market growth in the coming 3-4 years,” says Bo Schor, CEO of Scan•Jour.

“In connection with a controlled and gradual generational shift I have been looking for an investor with strong business skills and willingness to support the long term development of Scan•Jour. I believe CapMan represents these qualities,” says Finn Madsen, Founder and Board member of Scan•Jour.

Tommy Valther Hansen, Investment Director, CapMan is the coming Chairman of Scan•Jour. The Board is furthermore strengthened with Peter Theill, Executive Vice President, SimCorp A/S

Additional information:
Tommy Valther Hansen, Investment Director, CapMan Technology, tel. +45 35 25 99 32/ +45 29 41 14 80
Bo Schor, CEO, Scan•Jour A/S, tel. +45 38 14 40 00/ +45 29 62 04 85

Additional information on companies:

CapMan
CapMan is one of the leading private equity investors in the Nordic countries and specialises in middle market buyouts in various industry sectors, technology investments in the IT and communications sectors and investments in life science companies. In addition, CapMan manages/advises private equity real estate funds. The CapMan team comprises around 95 people in Helsinki, Stockholm, Copenhagen and Oslo. CapMan manages/advises Nordic funds with approx. EUR 1.9 billion in total capital. To date, the funds managed/advised by CapMan have invested in 142 companies in the Nordic countries and exited from 74 companies. The latest investments are made in Swedish Aerocrine AB, Norwegian Cardinal Foods AS, Finnish Moventas Oy, and Danish Anhydro Group. The portfolio of CapMan’s first private equity real estate fund consists of 17 commercial properties in the Helsinki metropolitan area. CapMan Plc is listed on the Main List of the Helsinki Stock Exchange.
www.capman.com

Scan•Jour A/S
Scan•Jour is Danish company specialising in integrated document and records management systems and systems for human resource and work flow management. It was founded in 1983 and employs today 130 persons in Denmark: Copenhagen and Vejle. The company’s sales in 2004/2005 were EUR12 million. The Company’s customers are major Danish enterprises, non-profit organizations and the public sector. More than half of the entities within the central administration in Denmark are using the products of Scan•Jour.
www.Scan•Jour.dk

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