CapMan exits Spintop Netsolution
CapMan Press Release 1 July 2008
Funds managed by CapMan have announced the sale of their stake in Swedish IT company Spintop Netsolution AB to Atea Sverige AB. The exit does not impact on CapMan Plc's result for 2008 as the exiting funds CapMan Equity VII A, C and Sweden have not yet begun to generate carry.
Spintop delivers products and services which streamline the client's IT infrastructure management. The CapMan funds invested in the company in May 2006.
"Spintop has grown substantially and has reached proof of concept for both its business model and its products during our investment period. The company is now ready for its next step and has a strong strategic fit with Atea-Ementor, where it can benefit from Ementors's large geographic scope and extensive customer base for finding new business opportunities", says CapMan's Investment Director Julia Reuszner.
The investment in Spintop has been good for investors in the funds managed by CapMan.
For further information, please contact:
Julia Reuszner, Investment Director, CapMan Technology, tel. +46 8 545 854 70 or +46 739 865 664
CapMan is one of the leading alternative asset managers in the Nordic countries and manages Nordic funds with approximately EUR 3.1 billion in total capital. CapMan has five investment areas (CapMan Buyout, CapMan Technology, CapMan Life Science, CapMan Russia and CapMan Real Estate), and each of them has a dedicated team and funds. Altogether CapMan employs 130 people in Helsinki, Stockholm, Copenhagen, Oslo and Moscow. CapMan was established in 1989 and its B shares are listed on the Helsinki Stock Exchange since 2001.