CapMan Buyout press release 7 June 2019 at 9.00 a.m. EEST
CapMan Buyout hits first close for its eleventh Buyout Fund
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CapMan Buyout has held the first closing of its eleventh fund, CapMan Buyout XI, with ca. €160 million in commitments from over 20 investors, in total. In addition to CapMan Plc, the fund has been backed by mutual pension insurance companies: Varma and Ilmarinen as well as state owned investment company Tesi. CapMan Buyout XI has a target fund size of €250 million.
CapMan Buyout XI will make control investments in mid-sized unlisted companies in Finland and Sweden, an attractive segment of the market that comprises over 7,000 companies. CapMan Buyout has a strong market position, due to its long operating history and local presence. The fund is targeting companies across a wide range of industries that have a niche market leading position, a winning culture and potential for further growth. The CapMan Buyout team is comprised of eleven investment professionals based out of offices in Helsinki and Stockholm.
“We are very pleased with the trust that investors have placed in our team. During the past few years, we have successfully completed a generational shift and the current team has from the start been responsible for our latest fund CapMan Buyout X, which started investing in 2014. The positive development of that fund, and the four exits completed from it so far, are a testament to the viability of our renewed strategy. We will continue to put emphasis on close co-operation with the operating management, sustainable and long-term value creation and fostering strong company cultures in our portfolio companies,” says Pia Kåll, Managing Partner of CapMan Buyout.
“We want to thank CapMan’s long-term fund investors for their commitment to the first close. We are delighted that the fund has generated interest among a broad group of investors, including pension funds, fund of funds, public sector institutions, trade unions, foundations and family offices, both within Finland and internationally.” comments Mari Simula, Head of Fund Investor Relations at CapMan Plc.
“The establishment of eleven consecutive funds is a unique achievement – not only in the Nordic region but also globally. The new buyout fund is further a perfect way to commemorate CapMan’s 30 years in business,” comments Joakim Frimodig, CapMan Plc’s CEO.
CapMan’s own commitment to the fund is €30 million.
For more information, please contact:
Pia Kåll, Managing Partner, CapMan Buyout, tel. +358 40 766 4446
Mari Simula, Head of Fund Investor Relations, CapMan Plc, tel. +358 400 316 288
CapMan Buyout is the largest mid-market private equity team in the Nordic region, with eleven investment professionals in Finland and Sweden. CapMan Buyout has made a total of more than 80 investments and more than 70 exits and its latest fund, CapMan Buyout X, is in active value creation and exit phase. CapMan Buyout is part of CapMan Group, a leading Nordic private asset expert with an active approach to value-creation in its target companies and assets, with assets under management of more than €3.2 billion. CapMan has a broad presence in the unlisted market through our local and specialised teams. The investment strategies cover Private Equity, Real Estate and Infra. CapMan also has a growing service business that includes procurement services, fundraising advisory, and analysis, reporting and wealth management services. Altogether, CapMan employs 140 people in Helsinki, Stockholm, Copenhagen, London, Moscow and Luxembourg. CapMan was established in 1989. Visit www.capman.com for more information.