CapMan completes exit from Tokmanni

CapMan Plc. Stock Exchange Release 19 July 2012 3:15 pm EEST CapMan completes exit from Tokmanni

Funds managed by CapMan have completed the exit from the Tokmani Group as announced on 24 May 2012. CapMan funds sold their equity stakes in Tokmanni to Nordic Capital Fund VII. The exit transfers the CapMan Equity VII B fund into carry.

The impact of the transaction on CapMan's current year financial result is approximately €1.2 million consisting of carried interest income and return on CapMan's own fund investments. The impact on CapMan Group's 2012 cash flow is approximately €4.4 million.

After the closing of the transaction, the CapMan Equity VII A and CapMan Equity Sweden KB funds have returned their total paid-in capital to investors and are closer to carry. Four companies remain in the CapMan Equity VII B fund portfolio.

For further information, please contact:

Niko Haavisto, CFO, CapMan Plc, tel. +358 207 207 583


Laura Mustonen
Manager, Communications and IR

Principal media

CapMan is one of the leading private equity firms in the Nordic countries and Russia, with assets under management of €3.0 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. 120 people in Helsinki, Stockholm, Oslo, Moscow and Luxembourg. CapMan was established in 1989 and has been listed on the Helsinki Stock Exchange since 2001.

The Tokmanni Group is the largest discount retailer in Finland. The group owns 144 stores operating under seven brands: Tokmanni, Tarjoustalo, Vapaa Valinta, Robinhood, Maxi-Makasiini, Maxi-Kodintukku and Säästöpörssi. The retail network covers the entire Finland; the northernmost outlet is in Kuusamo, while the southernmost outlet is in Hanko. In 2011, group turnover was EUR 653.9 million. The company currently has more than 2,900 employees.

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