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Press release - 3 July 2006

CapMan exits Drobe

Funds managed by CapMan have sold their holding in Lithuanian Drobe Wool Company to Plaza Corporation, a Lithuanian industrial development company. Drobe is one of the largest textile producers in the Baltic states. The exit does not have impact on CapMan Plc’s result for 2006, as the exiting funds have not begun to generate carry. The exit also does not have impact on earlier estimates for the transfer of the funds to carry.

CapMan funds Finnventure IV and Finnventure V invested in Drobe in 2000 together with the European Bank for Reconstruction and Development (EBRD) and International Finance Corporation (IFC). Drobe produces wool-based worsted woven fabrics for men’s and ladies’ accessories and clothing. The company’s turnover in 2005 was EUR 21 million.  

For further information, please contact:
Petri Saavalainen, Senior Partner, CapMan Technology, tel. +358 9 6155 8314 or +358 500 415 911



CapMan

CapMan is one of the leading private equity investors in the Nordic countries and specialises in middle market buyouts in various industry sectors, investments in expansion and later stage technology companies and investments in life science companies. In addition, CapMan manages private equity real estate funds. The CapMan team comprises around 100 people in Helsinki, Stockholm, Copenhagen and Oslo. CapMan manages Nordic funds with approx. EUR 2.3 billion in total capital. To date, the funds managed by CapMan have invested in 153 companies in the Nordic countries and exited from 87 companies. The latest investments are made in Finnish Tamro MedLab Oy, Danish ScanJour A/S, Swedish Neoventa AB and Norwegian InfoCare ASA. The portfolio of CapMan’s first private equity real estate fund consists of 22 commercial properties in the Helsinki metropolitan area. CapMan Plc is listed on the Main List of the Helsinki Stock Exchange. www.capman.com