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Stock exchange release - 6 March 2006

Finlayson & Co repaid mezzanine loan, impact on CapMan’s result EUR 0.3 million

Finlayson & Co Oy has repaid its mezzanine loans to Finnmezzanine II and III funds managed by CapMan. As a result of the mezzanine loan repayment Finnmezzanine Fund II B transfers to carry. The impact of the loan repayment on CapMan Plc’s result for 2006 is approx. EUR 0.3 million, as a result of carried interest income received from Finnmezzanine Fund II B. The fair value of Finnmezzanine Fund II B’s remaining portfolio is at the moment EUR 1.3 million.

CapMan funds Finnmezzanine II, Finnmezzanine III and Finnventure IV as well as Fenno and Fenno/Skandia I funds co-managed by CapMan and Fenno Management Oy invested in Espe Group Oy in 1999. The company’s name was changed to Finlayson & Co Oy at the start of 2006. CapMan equity funds’ holding in Finlayson & Co Oy is 75.6% and the mezzanine funds’ holding is 10.4%.

 

For further information, please contact:

Jukka Järvelä, Partner, CapMan Buyout and Chairman of Finlayson & Co Oy, tel. +358 9 6155 8334 or +358 50 553 8990

 

 

CAPMAN PLC

 

 

Jerome Bouix

Partner

Fundraising, IR & Communications

 

 

Distribution

Helsinki Exchanges

Principal media

About the 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 private equity real estate funds. The CapMan team comprises around 90 people in Helsinki, Stockholm, Copenhagen and Oslo. CapMan manages Nordic funds with approx. €2.2 billion in total capital. To date, the funds managed by CapMan have invested in 142 companies in the Nordic countries and exited from 80 companies. The latest investments are made in Finnish Flander Ltd, Danish ScanJour A/S, Swedish 42Networks AB and Norwegian InfoCare ASA. The portfolio of CapMan’s first private equity real estate fund consists of 18 commercial properties in the Helsinki metropolitan area. CapMan Plc is listed on the Main List of the Helsinki Stock Exchange. www.capman.com

 

Finlayson & Co Oy

The Finlayson & Co Group comprises Finlayson Oy, marketer and manufacturer of high quality Finlayson home textiles and Familon duvets and mattresses, Espe Oy, manufacturer of flexible foam products, and Ewona Oy, manufacturer of non-woven products. The Group’s turnover was EUR 73 million in 2005 and it has 550 employees in Finland, Denmark, Russia and Estonia. www.finlayson.fi