The CapMan Group is comprised of CapMan Plc and its subsidiaries and associated companies.
The CapMan Group (the “Group”) is comprised of CapMan Plc and its subsidiaries and associated companies. CapMan has subsidiaries in Finland, Sweden, Guernsey, Luxembourg, the United Kingdom, and Cyprus. These subsidiaries act as fund management and/or advisory companies for Group’s funds making direct investments in portfolio companies or in real estate assets. The voting power in the most of the subsidiaries is 100%-owned by CapMan. CapMan’s most significant associated company is Maneq Investments Luxembourg S.à r.l. All CapMan’s subsidiaries and associated companies are listed in the Notes to the Accounts in the Financial Statements. CapMan acquired the ownership of all the shares in Norvestia Oyj as a result of the voluntary public exchange offer published in the end of 2016. The exchange offer and the following redemption proceeding were completed in the end of 2017.
The Group has two operating segments: the management company and services business and Investment business. The management company and services business is subdivided into three business areas: CapMan Private Equity, which manages funds that invest in portfolio companies, CapMan Real Estate, which manages funds that invest in real estate, and CapMan Infra, which manages investments in infrastructure assets. Investments by CapMan funds investing in portfolio companies focus on three key investment areas in the Nordic countries and on one investment area in Russia. The investment areas are middle market buyouts (CapMan Buyout), growth equity investments (CapMan Growth), investments in mid-sized companies operating in Russia (CapMan Russia) and mezzanine and private debt investments (CapMan Credit/Nest Capital). The investment focus of CapMan's real estate funds is on real estate properties in the Nordic countries. The investment focus of CapMan Infra is Nordic mid-cap infrastructure assets. The Group has nominated teams for each investment area. The investment teams are responsible for identifying new investment opportunities, making investment proposals, supporting the value creation of portfolio companies or real estate assets, and carrying out exit projects. CapMan has furthermore two other investment areas (CapMan Technology and CapMan Life Science), which do not make new investments but focus on developing the value of their existing portfolio companies.
The Group’s management company and service segment also includes three service teams: Scala Fund Advisory, Fund management, including Back Office and Legal, and CapMan Procurement Services (CAPS). In addition, the Group has Finance, IT, Communications and Human Resources functions.