The CapMan Group is comprised of CapMan Plc and its subsidiaries and associated companies.
The CapMan Group (the “Group”) is comprised of CapMan Plc and its subsidiaries and associated companies. CapMan has subsidiaries in Finland, Sweden, Guernsey, Luxembourg, the United Kingdom, and Cyprus. These subsidiaries act as fund management and/or advisory companies for Group’s funds making direct investments in portfolio companies or in real estate assets. The voting power in the most of the subsidiaries is 100%-owned by CapMan. CapMan’s most significant associated company is Maneq Investments Luxembourg S.à r.l. All CapMan’s subsidiaries and associated companies are listed in the Notes to the Accounts in the Financial Statements. CapMan acquired the ownership of all the shares in Norvestia Oyj as a result of the voluntary public exchange offer published in the end of 2016. The exchange offer and the following redemption proceeding were completed in the end of 2017. On 1 March 2018, Norvestia Oyj merged into CapMan.
The CapMan Group’s three current operating segments include the Management company business, the Service business and the Investment business. As a fund management company, CapMan mainly manages assets of its customers, i.e. investors, by making investments from the private equity funds, into which funds have been raised mainly from institutional investors, such as pension companies and foundations, or directly from CapMan’s own balance sheet. The CapMan Group’s Service business includes two professional service teams: Scala Fund Advisory and CapMan Procurement Services (CAPS). Under the operating segment of Investment business, CapMan makes investments from its own balance sheet. In addition, the CapMan Group has Finance, Legal, Back Office, IT, Communications, Human Resources and Sales & Fund Investor Relations functions.