7 May 2015:
Heikki Westerlund, CEO, comments on the events of the first quarter and CapMan’s prospects in 2015:
“The CapMan Nordic Real Estate fund exceeded its original target size and we believe that the investment area will demonstrate significant growth potential in the future. The fund has been especially active in Denmark, where it has already completed five investments. Our service business has started to grow and will become a major business area together with management fees within the next two years.
The first quarter results reflect the fact that three months is a very short time frame in private equity. The overall development of our funds’ portfolio companies and real estate was slightly positive.
We expect our full year cash flow to remain robust due to already announced exits. The cash position will strengthen our ability to make strategic moves. As such, we continue to evaluate options for growth either organically or by selective M&A.”
To read the full Interim Report for 1 January - 31 March 2015, please click here.
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