Oral Hammaslääkärit Plc transfers to the ownership of funds managed by CapMan

CapMan Press Release, 17 June 2014 at 13.45 EEST


Oral Hammaslääkärit Plc transfers to the ownership of funds managed by CapMan

Not for release or distribution, directly or indirectly, in the United States, Canada, Australia, New Zealand, South Africa, China, Hong Kong, Singapore, or Japan, or any other jurisdiction in which distribution or release would breach applicable law.

On 14 April 2014, Renideo Holding Oy, a company wholly owned by Renideo Group Oy, a company controlled by funds managed by CapMan Plc, announced a public tender offer for all shares issued by Oral Hammaslääkärit Plc.

The extended acceptance period under the public tender offer expired on 13 June 2014 at 16:00 (Finnish time). On 16 May 2014, the offeror extended the acceptance period according to the rules of the public tender offer by two weeks until 30 May 2014, and on 30 May 2014, for two weeks until 13 June 2014.

Renideo Holding has earlier today announced the final result of the public tender offer for all shares in Oral Hammaslääkärit Plc.

According to the final result, shareholders representing in total approx. 94.99 percent of all shares and votes in Oral Hammaslääkärit Plc have accepted the public tender offer in accordance with the terms and conditions of the offer. As a result of the completion of the public tender offer, the ownership of the Offeror in Oral Hammaslääkärit Plc will increase to approx. 94.99 percent of all shares and votes in the company.

According to Chapter 18 of the Finnish Companies Act (624/2006), a shareholder owning more than 90 percent of all shares and votes in a company is entitled and obligated to initiate a minority shareholding redemption procedure to acquire the remaining shares in the company. The offeror shall, after paying the offer price, without delay initiate the above mentioned minority shareholding redemption procedure as stated in the Finnish Companies Act to acquire all shares in Oral Hammaslääkärit Plc.

Oral is well positioned as Finland's largest and most recognized dental care service chain. "We are very satisfied that the public tender offer has been completed successfully. We believe that the oral and dental care market offers Oral good potential for growth in the long term. We want to be a strategic Finnish owner for Oral and to focus on growth and active development of the company together with the management and the dental professionals of Oral," says Markus Sjöholm, Senior Partner at CapMan Buyout and Chairman of the Board of Directors at Renideo Group Oy.

For further information, please contact:

Markus Sjöholm, Senior Partner, CapMan Buyout,

Chairman of the Board of Directors, Renideo Group Oy,

tel. + 358 40 508 0121


CapMan www.capman.com

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 78 investments and 58 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.

Oral Hammaslääkärit Plc www.oral.fi

The Finnish Oral Hammaslääkärit Plc is the most renowned provider of dental care services in Finland (Innolink Research 2014). Consisting of more than 800 dental professionals, the Company had net sales of €59.7 million in 2013. Oral provides dental care services at 30 dental clinics all across Finland and also maintains its own dental laboratory.

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