CapMan Growth Fund and other owners of the company have agreed to sell their holdings in Polystar OSIX AB, a Swedish network analytics and service provider, to the Finnish telecommunications company Elisa. The transaction is the third successful exit of CapMan Growth Fund, which was established in 2017.
Polystar sells and markets network performance surveillance and analytics software to international telecom operators. The company’s turnover was approx. SEK 395 million as of the financial year ending on 30 April 2019. More than 100 telecom operators globally use Polystar’s systems, which process more than 100 billion events every day. The company is headquartered in Stockholm with offices in all its key markets and it employs more than 200 professionals. Consideration for the acquisition is EUR 70 million, which Elisa pays in cash. In addition, the arrangement includes a potential additional purchase price of max. EUR 5 million.
“We are very pleased with our investment in Polystar. The company is a success story based on strong entrepreneurship and international knowhow. The company’s turnover and profitability have developed systematically following strong internationalisation,” says Juha Mikkola, Managing Director of CapMan Growth Fund.
For additional information, please contact:
Juha Mikkola, Managing Partner, CapMan Growth, tel. +358 50 590 0522, juha.mikkola@capman.com
CapMan Growth is a partner for growth-focused companies of varying sizes that require both capital and expertise to grow organically and through acquisitions. CapMan Growth makes minority investments into unlisted and publicly listed companies that operate in sufficiently large markets and with opportunities to utilise innovations in services and solutions in their home markets as well as internationally. Other investment criteria include professional management, a proven business plan, growing revenue, significant market potential as well as a unique competitive advantage. CapMan Growth Fund strives to offer optimal and flexible solutions based on company-specific growth opportunities and ownership structure in order to increase value significantly through long-term development of its portfolio.
CapMan is a leading Nordic private asset expert with an active approach to value creation. We offer a wide selection of investment products and services. As one of the Nordic private equity pioneers, we have developed hundreds of companies and real estate assets and created substantial value in these businesses and assets over the past 30 years. With approx. €2.8 billion in assets under management, our objective is to provide attractive returns and innovative solutions to investors. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover Private Equity, Real Estate and Infra. We also have a growing service business that includes procurement services, fundraising advisory, and analysis, reporting and wealth management services. Altogether, CapMan employs 120 people in Helsinki, Stockholm, Copenhagen, London, Moscow and Luxembourg. www.capman.com
