”We are very pleased with the fund’s first round of fundraising. Commitments into the fund have been made by key Nordic institutional investors, who have been attracted by the fund’s expansion and later stage investment focus and by CapMan Technology’s successful track record in Nordic technology markets,” states CapMan Partner Jerome Bouix, Head of Fundraising, IR and Communications.
CapMan has made technology investments since 1995 and its technology team is one of the most experienced in the Nordic countries. The team’s investment professionals work closely with portfolio company management with the aim to grow the businesses and improve their profitability and strategic positions. Examples of CapMan Technology’s current portfolio companies include Finnish provider of software testing and development Flander Oy, Swedish provider of radio network solutions Avitec AB, Norwegian provider of vehicle fleet management systems Locus AS and Danish developer of electronic document management systems ScanJour A/S, among others.
”CapMan Technology 2007 will continue the path that has been paved by our previous fund, and we will make 15–18 investments in the Nordic countries from the fund during the next few years,” states CapMan Senior Partner Petri Niemi, Head of CapMan Technology.
Fundraising still continues for CapMan Technology 2007, which is targeted at EUR 150 million. CapMan’s own commitment into the fund is EUR 15 million. In connection with the establishment of the fund, the Board of Directors of CapMan Plc decided that 50% of CapMan Technology 2007’s possible carried interest will be distributed to the members of the investment team responsible for the fund’s investment activities during its life cycle. A successful fund will typically start to generate carried interest at the end of its 10-year life cycle, provided that the investors have regained their investment and an 8% preferred annual return.
For further information, please contact:
Jerome Bouix, Partner, Head of Fundraising, IR & Communications, tel. +358 40 820 8541
Petri Niemi, Senior Partner, Head of CapMan Technology, tel. +358 9 6155 8346 or +358 400 511 493
CAPMAN PLC
Jerome Bouix
Partner
Fundraising, IR & Communications
DISTRIBUTION
Helsinki Exchanges
Principal media
www.capman.com