CapMan invests in MPT Metals and Powders

CapMan Press Release 14 April 2009 at 10.00 a.m. EET

Funds managed by CapMan have acquired a majority holding in Swedish Metals and Powders Holding AB (MPT). MPT is a family-owned company specialised in the production of metal powders and crushed metals especially for the global welding, steel and foundry industries. The aim of CapMan's investment is to continue value creation in MPT by increasing resources for growth.
MPT is one of the world's leading producers of metal powders to the welding industry, particularly ferrochrome. The metal powders manufactured by MPT are used in the production of welding consumables such as electrodes and wires. Other significant application areas for the metal powder products are in the coating and foundry industries, among others. MPT also manufactures crushed metals for the many needs of the metallurgical market.
MPT is located in the town of Ekshärad in western Sweden. The company has a strong growth history and it posted a turnover of EUR 64.1 million in 2008. MPT's current CEO and owner Thomas Klier will remain significant owner in the Company after the transaction.
The investment is the first from CapMan Buyout IX fund established in December 2008.
"MPT is an attractive investment target by means of the Company's strategic position, unique production process and technology, strong and diversified customer base, first-rate quality products and the strong growth history. MPT provides solid preconditions for value creation mainly through geographical expansion, increased sales resources, as well as possible strategic add-on acquisitions," says CapMan Partner Göran Barsby.
"I am pleased to announce that we have found a new majority owner, who is dedicated and has the required resources to take MPT's business into the next level. After over a decade of continued growth we have now reached a level where we need a strong partner who can assist us in taking the company further in our expansion. I strongly believe that CapMan is an excellent partner for us who will bring in new capital, extensive networks and expertise in business development of Nordic companies," says Thomas Klier, a long standing owner and CEO of MPT.
The investment in MPT is made by CapMan Buyout IX and CapMan Mezzanine IV funds, in which CapMan Plc is a substantial investor. CapMan funds will hold approx. 75% of MPT shares after the transaction has been finalised. The closing of the investment is subject to the approval of competition authorities and is expected to be closed in May.
For more information, please contact:
Göran Barsby, Partner, CapMan Buyout, tel. +46 8 545 854 79 or +46 734 40 84 87
Thomas Klier, CEO, MPT Metals and Powders, tel. +46 705 66 47 77
CapMan www.capman.com
CapMan is one of the leading alternative asset managers in the Nordic countries and Russia and manages private equity funds with approximately EUR 3.4 billion in total capital. CapMan has six investment areas (CapMan Buyout, CapMan Technology, CapMan Life Science, CapMan Russia, CapMan Public Market and CapMan Real Estate), and each of them has a dedicated team and funds. Altogether CapMan employs over 140 people in Helsinki, Stockholm, Copenhagen, Oslo and Moscow. CapMan was established in 1989 and its B shares are listed on the Helsinki Stock Exchange since 2001.
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