Business solutions provider Affecto recently announced that it received notification from CapMan, as required by the Finnish Securities Markets Act, a change in the investor’s holdings. CapMan reduced its ownership in the company from 12.3% to just under 4%, with a total of 855,373 shares. The shares are owned by the CapMan Public Market Fund.
Affecto (www.affecto.fi)
Helsinki-based Affecto is a computer IT firm with a focus on providing business intelligence solutions to a client base in the Baltic and Nordic regions. Administration, HR management, sales, and supply chain and logistics are among the many aspects of business that Affecto deals with. In addition to its intelligence services, Affecto subsidiaries are also involved in creating, publishing, and marketing static maps, individually customized maps, atlases, and business gifts.
The company operates not only in Finland, but also in Sweden, Denmark, Estonia, Norway, Latvia, Lithuania, and Poland. The company’s 900+ employees generated 2008 turnover of €132 million.
CapMan (www.capman.com)
CapMan is an alternative asset manager established in 1989. The firm has six separate divisions, each with its own funds and management team; total combined assets for all six are near €3.6 billion.
The majority of CapMan investors are pension funds, insurance companies, and funds of funds form both Finland and around the world. Banks and public institutions comprise the remainder of investors.
With a staff of 150, Capman maintains operations in Copenhagen, Helsinki, Luxembourg, Moscow, Oslo, and Stockholm.
14/01/2011
Central & Eastern Europe, Exit, Finland, Healthcare Service & Pharmaceuticals, Private Equity News