CapMan sells its remaining holding in Å&R Carton, impact on CapMan Plc's result for 2011 approx. EUR 2.5 million

CapMan Plc Stock Exchange Release 15 June 2011 at 5.50 p.m. EET

CapMan sells its remaining holding in Å&R Carton, impact on CapMan Plc's result for 2011 approx. EUR 2.5 million

The funds managed by CapMan and Ahlström Capital Group have agreed that the funds managed by CapMan will sell their 32% holding of shares in Å&R Carton AB to Ahlström Capital Group. When completed, the transaction will have an impact of approx. EUR 2.5 million on CapMan Plc's result for 2011 as a result of carried interest income received from the Finnventure V and Fenno Program funds.

In addition to the approx. EUR 2.5 million carried interest income from the Å&R exit CapMan has announced that the Proxima exit disclosed in early May will have an approx. EUR 4.8 million profit impact in 2011. The group's operating profit for the first quarter of 2011 was EUR 4.0 million. Both exits require the approval of competition authorities. The sale of Å&R is expected to be finalised in the third quarter of 2011 and the sale of Proxima in June 2011.

Å&R Carton is one of Europe's leading manufacturers of folding cartons and packaging systems. The Finnventure IV, Finnventure V, and Fenno Program funds, together with the Finnmezzanine II A and C funds, invested in Å&R Carton in 2000. In 2009 the funds sold part of their holding to Ahlström Capital Group which then became majority owner in the company.

Following the closing of the transaction announced today, CapMan funds will have completely exited Å&R Carton and the company will have fully repaid its outstanding mezzanine loans to the funds.

Further information:
Anders Björkell, Partner, CapMan Buyout, tel. +358 (0)207 207 502 or +358 (0)40 537 7566
Niko Haavisto, CFO, CapMan Plc, tel. +358 (0)207 207 583 (CapMan financials)


Mari Reponen
Communications Director

Principal media

CapMan is one of the leading private equity firms in the Nordic countries and Russia, with assets under management of €3.4 billion. CapMan has four key investment partnerships - CapMan Buyout, CapMan Russia, CapMan Public Market, and CapMan Real Estate - each of which has its own dedicated investment team and funds. Altogether, CapMan employs approx. 140 people in Helsinki, Stockholm, Oslo, Moscow and Luxembourg. CapMan was established in 1989 and has been listed on the Helsinki Stock Exchange since 2001.

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