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Press release - 3 May 2006

Johan Bennarsten appointed as Deputy Head of CapMan Life Science

Mr Johan Bennarsten, Investment Director, has been appointed as Deputy Head of CapMan Life Science as of 2 May 2006.

Johan Bennarsten, M.Sc.(Eng.), M.D., 34, joined CapMan’s Life Science team as Investment Analyst in early 2001 and was promoted to Investment Manager in 2003 and Investment Director in 2005. Since the beginning he has contributed to the analysis of life science deals and investments. He has had a key role in CapMan’s life science investments in Aerocrine ABMillicore AB and SciBase AB. Prior to CapMan Bennarsten practised as Paediatrician at Södersjukhuset in Stockholm and gained experience from the medical technology industry as Medical Specialist at Siemens-Elema, Stockholm, within intensive care products.  

“I am happy to announce the appointment of Johan Bennarsten as the Deputy Head of CapMan Life Science. He was employed to our life science team in 2001 and has made a rapid career within CapMan. Johan has not only gained CapMan’s confidence but is also well recognized among venture colleagues, entrepreneurs and portfolio companies,” says Heikki Westerlund, CEO of CapMan.  

Life Science investments have been part of CapMan’s investment activities since 2002 when it acquired Swedestart Management AB, a pioneer of tech and life science investments since 1995. The investment focus of CapMan Life Science is on medical technology, which is broadly defined as medical devices and diagnostics. The team aims to build companies and develop products that address unmet medical needs and provide an improved healthcare outcome – i.e. an improved clinical outcome combined with a superior health-economic trade-off. The current portfolio of CapMan Life Science comprises of the following companies:  

Aerocrine AB, SciBase AB, InDex Pharmaceuticals AB, Millicore AB, Jolife AB, Silex Microsystems AB, Inion Ltd and ProstaLund AB  

CapMan’s Life Science team has altogether five investment professionals and it is headed by Mr Jan Lundahl. The capital under management in CapMan´s life science funds totals €95 million.

For additional information, please contact:
Jan Lundahl, Head of CapMan Life Science, tel. + 46 8 545 85 475 or +46 708 56 19 53

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 2.2 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 MQ Sweden AB and Norwegian InfoCare ASA. The portfolio of CapMan’s first private equity real estate fund consists of 19 commercial properties in the Helsinki metropolitan area. CapMan Plc is listed on the Main List of the Helsinki Stock Exchange. www.capman.com