CapMan completes exit from Espira

CapMan Plc Stock Exchange Release - 12 May 2014 at 15.00 p.m. EEST

CapMan completes exit from Espira

Funds managed by CapMan have completed the exit from Espira Gruppen AS as announced on 1 April 2014. CapMan funds sold their holdings to the Swedish education company AcadeMedia.

The transaction had a positive impact on CapMan Group's result for January-March 2014 through fair value changes from CapMan's own fund investments. The transaction contributes some EUR 5 million in cash flow to CapMan Group. The exit will not change CapMan's outlook estimate for 2014 given on 8 May 2014. CapMan estimates its earnings per share to improve significantly from the level achieved in 2013 primarily due to increasing operating profit.

Espira is one of the largest providers of pre-school services in Norway. The majority of the investment was made from CapMan Buyout VIII fund, which initially invested in Espira in 2008.

For additional details about the deal, please see the stock exchange release published on 1 April 2014.

For further information, please contact:
Hans Tindlund, Partner, CapMan Buyout, tel. +47 23 23 75 72
Niko Haavisto, CFO, CapMan Plc, tel. +358 50 465 4125 (CapMan financials)


Hanna Hinkkanen
Communications Officer

Principal media

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 77 investments and 56 exits and its tenth fund CapMan Buyout X is currently in active investment phase.

CapMan Buyout is part of CapMan Group, a leading private equity firm in the Nordic countries and Russia, with assets under management of EUR 3.1 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 around 100 professionals in Helsinki, Stockholm, Oslo, Moscow and Luxembourg.

Espira Gruppen
Espira is one of the largest providers of pre-school services in Norway with around 7,500 children in 75 pre-schools. Espira employs some 2,000 people.

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