CapMan establishes Special Situations, an investment area focused on turnarounds

June 17, 2020

CapMan press release 17 June 2020 at 8.30 am EEST

CapMan establishes Special Situations, an investment area focused on turnarounds

CapMan establishes CapMan Special Situations, which invests in underperforming or non-core businesses and supports them through financial restructuring and operational turnaround. The experienced investment professionals and operational advisors in the CapMan Special Situations team partner closely with the portfolio company management, owners and banks to enable the companies to transform. Demand for special situations investing has been identified across the Nordic countries. Initially, the investments will focus on Finnish companies.

Antti Uusitalo, M.Sc. (Econ), Tuomas Rinne, M. Sc. (Tech.), and Jari Vikiö, LLM, have been appointed Partners for CapMan Special Situations. Uusitalo joins CapMan from Ernst & Young, where he was Partner and leading the Corporate Finance practise in Finland, Rinne joins from BCG where he was Partner, and Vikiö joins from Borenius where he was Senior Partner. The team has extensive experience in mergers and acquisitions, financial restructurings, operational turnarounds, and other special situations. The core team is supported by a group of experienced operational advisors.

“Our purpose is to support and guide Finnish companies through turnaround situations and enable them to succeed by providing liquidity, financing, and operational expertise. We will establish a Special Situations fund, to which we see strong demand. We are currently preparing for discussions with investors and we are executing deal origination activities towards the first investments,” says Antti Uusitalo, Partner of CapMan Special Situations.

CapMan Special Situations’ investment focus is primarily Finnish companies that are facing a financial restructuring, an operational turnaround or a carve-out situation. The strategy is to flexibly utilise both equity and debt instruments, and provide a strong platform and operational expertise to execute demanding operational transformations.  Typical investment ticket is in the €10-20 million range, though individual investments can be up to €40 million.

“For our economy and for the society at large, it is important that companies that are currently facing challenges, but are capable of transformation and have opportunities to grow stronger, are provided with a new chance to succeed. The Covid-19 crisis coupled with high corporate indebtedness emphasize the demand for special situations expertise. Currently, there are no local investment companies or private equity funds in Finland with a similar investment focus and a local team. We at CapMan are very pleased to join forces with Antti, Tuomas and Jari in the roll-out of CapMan Special Situations. The investment area will contribute to CapMan’s strategic growth targets,” says Joakim Frimodig, CEO at CapMan.

For additional information, please contact:

Joakim Frimodig, CEO, CapMan Plc, tel. +358 50 529 0665

Antti Uusitalo, Partner, CapMan Special Situations, tel. +358 400 202 663

About CapMan www.capman.com   

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 over €3 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 around 150 people in Helsinki, Stockholm, Copenhagen, London and Luxembourg. We are a public company listed on Nasdaq Helsinki since 2001 and a signatory of the UN Principles for Responsible Investment (PRI) since 2012.