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Press release - 4 June 2007

CapMan strengthens its Real Estate team – Jorma Lehtonen appointed as CapMan Real Estate’s Fund Director

Jorma Lehtonen, M.Sc. (Eng.), 48, has been appointed as CapMan Real Estate’s Fund Director and Deputy Managing Director of Realprojekti Oy as of 5 August 2007. Heidi Lepäntalo, B.Sc. (Econ.), 56, has been appointed as CFO of CapMan Real Estate as of 4 June 2007.

Jorma Lehtonen has been appointed as CapMan Real Estate’s Fund Director and will be responsible for the investment activities of private equity real estate funds. In addition he will act as Deputy to Markku Hietala, Managing Director of Realprojekti Oy. Mr Lehtonen will transfer to CapMan from real estate investment company Nordisk Renting Oy, where he has acted as Managing Director since 2005. Previously he was Real Estate Director in Sampo Group.

 

Heidi Lepäntalo will transfer to CFO of CapMan Real Estate from her position as CapMan Plc’s Group Controller, which she has held since 2002. Prior to joining CapMan Ms Lepäntalo worked as Business Development Director at Polar Real Estate Corporation.

 

CapMan Real Estate, the second of CapMan’s two business areas, comprises the investment activities of CapMan’s private equity real estate funds CapMan Real Estate I and CapMan RE II and the operations of Realprojekti Oy, a consultancy company 80% owned by CapMan. Realprojekti Oy acts as advisor in matters associated with the private equity real estate funds managed by CapMan and practises real estate consulting activities. CapMan Real Estate employs 28 real estate professionals at present, and the original capital under management in private equity real estate funds totals EUR 1.1 billion. The funds have invested in 29 real estate assets and exited from 22 properties to date.

 

 

For further information, please contact:

Markku Hietala, Head of CapMan Real Estate, Managing Director of Realprojekti Oy, tel. +358 500 405 879



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 QuickCool 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