CapMan completes exit from Nice Entertainment Group

CapMan Press Release 1 November 2013 at 9.30 a.m. EET

CapMan completes exit from Nice Entertainment Group

Funds managed by CapMan have completed the exit from Nice Entertainment Group as announced on 23 September 2013. CapMan funds sold their stake to Modern Times Group MTG AB (publ), an international entertainment broadcasting company.

The completion follows the receipt of regulatory approval from the Swedish and Norwegian competition authorities. For additional details about the deal, please see the press release published on 23 September 2013.

For further information, please contact:
Olli Liitola, Senior Partner, CapMan Buyout, tel. +358 207207 506 or +358 400 605 040
Ari Tolppanen, Senior Partner, CapMan Buyout, tel. +358 207 207 507
Morten Aass, CEO, Nice Entertainment Group, tel. +47 970 270 00

CapMan CapMan Buyout is the largest mid-market private equity team in the Nordic region, with 20 investment professionals in Finland, Norway and Sweden and 24 years of experience. The team has made a total of 69 investments and 45 exits and is currently investing from CapMan Buyout X.

CapMan Buyout is part of CapMan Group, a leading private equity firm in the Nordic countries and Russia, with assets under management of €3.3 billion. CapMan has five key investment partnerships - CapMan Buyout, CapMan Russia, CapMan Credit, CapMan Public Market and CapMan Real Estate - each of which has its own dedicated investment team and funds. Altogether, CapMan employs 105 people in Helsinki, Stockholm, Oslo, Moscow and Luxembourg.

Nice Entertainment Group
Nice is the leading Nordic independent content production entertainment group based on storytelling, communication and entertainment. Nice has three integrated business areas: TV content production, event production and commercial production. The group companies are specialised in local formats, producing more than 100 program formats annually serving all the major channels in the territory.

Modern Times Group MTG AB (publ)
MTG is an international entertainment group with operations that span four continents and include free-TV, pay-TV, radio and content production businesses. MTG's Viasat Broadcasting operates free-TV and pay-TV channels, which are available on Viasat's own satellite platforms and third party networks, and also distributes TV content over the internet. MTG is also the largest shareholder in CTC Media, which is Russia's leading independent television broadcaster.

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