Novintel, which was founded in Finland in 1995, provides customised Market Intelligence services and solutions for the use of business leaders and decision-makers in its client companies. Novintel has a very strong clientele in Finland as well as major customers in North America and Europe, such as Ciba Specialty Chemicals, DHL, Henkel Corporation and GE Healthcare. The company has more than 60 employees in Helsinki, Toronto and London.
CapMan funds will invest in the company’s international growth and will acquire shares in Novintel from private persons as well as private equity firm 3i Group’s stake in the company. It is expected that the investment will be closed in April 2007, after which CapMan funds will be a significant owner in the company.
”CapMan’s investment decision was influenced by Novintel’s strong and international client base, scalable business model and positive market growth expectations. Our objectives in the development of Novintel are international growth, profitability and creation of a strategic market position,” states Mr Janne Martola, Investment Manager of CapMan’s Technology team, who will be nominated as a member of the Board of Directors of Novintel.
”The resources and contact network brought by CapMan create good preconditions for the realisation of Novintel’s growth strategy,” says Mr Markko Vaarnas, CEO of Novintel ”The investment provides a significant additional contribution for more rapid internationalisation of our proven business concept in the UK, USA and Central Europe. It is critical that we have adequate resources to satisfy the growing Market Intelligence needs of our large international clients, and CapMan’s support in Novintel’s expansion stage enables the sale and production of our services with uncompromised quality and growing volumes."
CapMan Technology invests in Nordic expansion and later stage technology companies and CapMan’s Technology team, having a long track record in accordance with this investment focus, is one of the most experienced in the Nordic countries. The portfolio companies of CapMan Technology typically deliver industrial (OEM) and B-to-B infrastructure, applications or services.
For further information, please contact:
Janne Martola, Investment Manager, CapMan Technology, tel. +358 9 6155 8351 or +358 50 359 0844
Markko Vaarnas, CEO, Novintel Oy, tel. +358 40 540 3390
Vesa Sadeharju, Director, 3i Finland, tel. +358 9 6815 4470