Invest-IQ

The European Bank for Reconstruction and Development (EBRD) has agreed to an equity investment of up to EUR 50 mln in the CapMan Group for its new Guernsey-based operation, CapMan Russia Fund II. The investment cannot exceed 30 percent of total capital commitments. The new fund’s objective is to acquire significant minority holdings in companies [...]

Top League, one of Russia’s major players in the sports goods retail chain marketplace, has bagged a round of investment from VC fund CapMan, thorough their CapMan Russia unit. The investment will drive Top League’s Russia expansion plans at a speeded-up rate, and while CapMan will hold a significant minority stake, the remaining share of [...]

CapMan Plc. portfolio company Walki Group has bought out the owner’s stake in Meuwissen, a family-owned construction materials company.

Fast-growing internet service provider Siberian Networks has recently sold 20% equity to Russian and Nordic mid cap investor CapMan Russia for an undisclosed amount. The funding will be used to expand the company’s presence within key markets in Novosibirsk and Novokuznetsk. The equity sale leaves the remaining shares under management control. Siberian Networks (nsk.sibset.ru) Siberian Networks [...]

CapMan, a Nordic based investment firm, through their CapMan Russia Fund, together with Gimv, a Belgian based investment firm, acquired a 38% share in the Russian based printing and photo company, Expert Photo. Each company has acquired a1 9% share. Expert Photo (www.expertphoto.ru) Moscow based Expert Photo was established in 1995 and has grown to [...]

Nordic investor CapMan has signed an agreement to sell it’s 25% share of Jolife AB, a Swedish manufacturer of specialized medical equipment. The company’s other shareholders also agreed to sell their shares, giving new owner Medtronic 100% of the company. CapMan first entered Jolife via a 2003 investment from its Swedestart Life Science Fund. Physio-Control, [...]

Ruukki Group has agreed to sell off the majority holding in Pohjolan Design-Talo, the Finnish house builder to funds managed by CapMan. Total size of the deal is approximately EUR 76 million in cash for 80% stake. The other 20% of the company remain with its management. Transaction is expected to be completed by March [...]

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. [...]

International private equity investor 3i has reached an agreement to acquire one of Europe’s leading medical supply distributors, OneMed, from PE firm CapMan. Since CapMan’s original 2006 investment in OneMed, annual turnover has more than doubled. The acquisition by 3i now allows OneMed to continue business development by working to consolidate their industry all across [...]

In a somewhat complicated three-way deal between CapMan, Access Capital Partners, and Pohjola, CapMan has sold the Finnish bank a 30% stake in Access Capital for EUR 28 million. Access Capital will take over management of Pohjola’s private equity investment business in exchange for a 10% holding which will be transferred to Pohjola. When all [...]

Looking to take advantage of a market that currently favors businesses in the healthcare sector, CapMan has hired Danske Bank and DC Advisory Partners to sell OneMed. CapMan invested in the medical supplies company in 2006. Potential buyers could be EQT, IK Investment Partners, and Nordic Capital. If all goes as planned, the sale could [...]

Finland’s CapMan recently announced the first close of its new fund, CapMan Mezzanine V, at €60 million. Despite the June closing of a previous fund below target, Capman is confident mezzanine investing still offers investors a high enough risk-to-return ratio to attract them to the fund, even in the difficult fund raising atmosphere that currently [...]

Citing the strength of the local ties and reputation Russia’s Bank Evropeiskij enjoys, CapMan Russia Fund has made a significant investment in the regional bank to acquire a 20% stake. The investment is focused on improving Bank Evropeiskij’s market position in its local area, which includes the Kaliningrad region of eastern Russia. CapMan’s investment aids the bank [...]

CapMan Plc has announced a partial exit from its Lumene investment of 2003. The firm has joined co-investor Langholm Capital in selling its interest in Farmos Holding Oy to KilltoClean Oy, which plans to merge the two under the Kiilto name. Farmos was spun off from Lumene in 2008, and various CapMan funds combined to [...]

Two of the Nordic region’s leading bathroom supply companies are set to become one larger organization now that CapMan has agreed to acquire both and merge them. CapMan will purchase INR and Aspen from Swedish private equity firms Accent Equity and Valedo Partners, respectively. The acquisitions will come via the recently closed CapMan Buyout IX [...]

Suffering from the fallout of the sustained global economic crisis, CapMan has announced the closing of its CapMan Buyout IX fund at a level well below the original target. With institutional investors pulling back investments in private equity, a loss of nearly 80% in 2009, the CapMan fund only managed to secure € 294.6 million [...]

Gimv is a company involved with many mid-sized growth companies since 1996. Gimv has been involved with KBC Private Equity since early 2008, but this partnership was cancelled by KBC at the end of 2009. Though the partnership with KBC Private Equity was canceled, Gimv will continue with its existing portfolio in Russia through cooperation [...]

CapMan, the Nordic alternative asset firm based in Helsinki, has reached a deal enabling it to fully divest from Inflight Service Intressenter AB. CapMan’s 67% stake in the Swedish travel service company will be sold to Triton for an undisclosed amount. CapMan acquired Inflight Service in 2005 and with the divestiture, is very pleased with [...]

American pizza giant Papa John’s is planning to expand its Russian operations now that Finland’s CapMan has invested in the company. CapMan as acquired a 49% share of Papa John’s Russian franchise through its CapMan Russia Fund, for an undisclosed price. Papa John’s plans to use the capital to increase its current crop of nine [...]

CapMan Plc., a leading alternative asset manager in the Nordic Region and Russia, has announced an agreement with Belgian investment firm Gimv that it hopes will reduce future capital calls. The deal, requires regulatory approval, has CapMan selling some of its own fund investments and investment commitments to Gimv for a price of €17 million. [...]