CapMan sells its shares in Affecto Plc
CapMan Plc Press Release 2 October 2007 at 10.00 a.m
Fenno Rahasto fund co-managed by CapMan and Fenno Management Oy has sold all of its 1,913,044 shares in portfolio company Affecto Plc. The sold shares account for approx. 8.9 per cent of the company's total share capital. The exit has an impact of approx. EUR 0.8 million on CapMan Plc's result for 2007.
Fenno Rahasto fund exited from Affecto Plc mostly in 2005, when it sold the majority of its shares in connection with the company's IPO. Fenno Fund invested in Affecto Ltd in 1999. Affecto Ltd, provider of business intelligence solutions and Genimap Corporation, specialist in digital location-based information systems were merged in 2004. AffectoGenimap went public in 2005 and the company changed its name to Affecto Plc in 2007.
The investment in Affecto has been excellent for investors in the funds managed by CapMan.
For further information, please contact:
Johanna Lindroos, Investment Director, Business Development, tel. +358 9 6155 8359
CapMan is one of the leading alternative asset managers in the Nordic countries and manages Nordic funds with approximately EUR 3 billion in total capital. CapMan has four investment areas (CapMan Buyout, CapMan Technology, CapMan Life Science and CapMan Real Estate), and each of them has a dedicated team. Altogether CapMan employs around 100 people in Helsinki, Stockholm, Copenhagen and Oslo. CapMan was established in 1989 and its B shares are listed on the Helsinki Stock Exchange since 2001.Share on LinkedIn Share on Twitter