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Home › Media › Releases 2007 › CapMan exits from Medianorth

Press release - 26 June 2007

CapMan exits from Medianorth

Funds managed by CapMan have sold their holding in media house Medianorth Group Oy to Avaus Consulting Oy. The exit has no substantial impact on CapMan Plc’s result for 2007.

Medianorth Group Oy owns city magazines Nöjesguiden in Sweden and Natt & Dag in Norway as well as the LoyaltyNorth unit in Finland focusing on development of customer loyalty programs.

”We are pleased that Medianorth will transfer to the ownership of Avaus Consulting headed by Harri Roschier, and we believe that the company has good starting points to further develop its media business,” says Heikki Westerlund, CEO and Senior Partner of CapMan Plc.

The original investment in Medianorth was made in 1999. The investment in Medianorth has been poor for investors in funds managed by CapMan due above all to the generally high prevailing valuation level at the time of investment. The funds’ holding in Medianorth Group Oy was approx. 35 per cent prior to the exit.

For further information, please contact:
Heikki Westerlund, CEO, CapMan Plc, Senior Partner, tel. +358 9 6155 8350 or +358 50 559 6580

CapMan
CapMan is one of the leading private equity investors in the Nordic countries and manages Nordic buyout, mezzanine, technology, life science and real estate funds with approximately EUR 3.0 billion in total capital. Each investment area has a dedicated team and altogether CapMan employs around 100 people in Helsinki, Stockholm, Copenhagen and Oslo. Established in 1989, CapMan has strong experience as a fund manager and as a partner for investors and entrepreneurs. To date CapMan has made over 150 Nordic investments and over 90 exits. The current portfolio encompasses over 60 companies with an aggregate turnover of approx. EUR 2.7 billion and aggregate personnel of 17,000 people. The latest investments are made in Finnish Movial Applications Oy, Danish IT2, Swedish KMW Energi AB and Norwegian InfoCare ASA. In addition, CapMan has invested in almost 30 real estate assets and exited from 22. The B shares of CapMan Plc are listed on the Main List of the Helsinki Stock Exchange since 2001. www.capman.com

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