Joakim Frimodig to join CapMan's Management Group

CapMan Plc Stock Exchange Release 16 March 2016 at 9.05 am EET

Joakim Frimodig to join CapMan's Management Group

Joakim Frimodig (BA, Oxon) has been appointed Director, Strategic Growth and a member of CapMan Group's Management Group starting from 4 April 2016.

Frimodig joins CapMan from Summa Capital, where he has worked for the past 12 years, most recently as Deputy Managing Partner. Prior to that, he served as an advisor for Alfred Berg and ABN Amro Corporate Finance. He has advised numerous Finnish and international companies in M&A and financing transactions over the course of his career.

"We warmly welcome Joakim to join CapMan. We have identified several opportunities, which enable us to better utilise the growth of the private equity industry. Joakim will be responsible for the execution of our growth objectives especially related to the activation of new customer segments and new product design. He is very familiar with our industry and has a strong vision combined with the extensive experience required to implement the necessary growth initiatives," says Heikki Westerlund, CapMan's CEO.

"I have followed CapMan's progress for a long time and I am excited about the opportunity to advance the objectives of an industry leader. The private equity industry offers plenty of growth opportunities as well as new challenges," comments Joakim Frimodig, CapMan's new Director, Strategic Growth.

For additional information, please contact:
Heikki Westerlund, CEO, CapMan Plc, tel. +358 50 559 6580
Joakim Frimodig, Director, Strategic Growth, CapMan Plc, tel. +358 50 529 0665

CAPMAN PLC
Linda Tierala
Manager, Communications and IR

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CapMan www.capman.com
CapMan is a leading Nordic investment and asset management company active in the private equity industry. For more than 25 years, we have been developing companies and real estate and supporting their sustainable growth. We are committed to understanding the needs of our customers in an ever-changing market environment. Our objective is to provide attractive returns and innovative solutions for our investors and value adding services for professional investment partnerships, growth-oriented companies and tenants. Our independent investment partnerships - Buyout, Real Estate, Russia and Credit - as well as our associated company Norvestia are responsible for investment activities and value creation. CapMan's service business offering includes fundraising advisory services, purchasing activities and fund management services to both internal and external customers. CapMan has 100 private equity professionals and assets under management of €2.8 billion.

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