CapMan Plc (CapMan) acquires Nordic Private Equity Group (NPE), a Danish private equity company. The acquisition is part of CapMans Nordic growth strategy and it strengthens CapMans position as one of the leading private equity investors in the Nordic countries.
CapMan acquires the entire share capitals of the two management companies of NPE. The transaction is carried out as a share exchange. The purchase price including both companies amounts to 1 130 000 CapMan B shares. It represents approximately 1.6% of the current share capital of CapMan. The completion of the acquisition requires among other things the approvals of the competition authorities and the Extraordinary General Meeting of CapMan. The seller is the operative management of NPE, who will continue to work for CapMan and become shareholders of CapMan.
Nordic Private Equity Group was established in 1991 and it is one of the oldest private equity companies in Denmark. The company employs 4 people in Copenhagen. NPE is specialised in mid-sized buy-outs making their investment strategy very similar to CapMans strategy in buy-out investments. NPE manages two equity funds with a total of DKK 264 million in capital (EUR 35.4 million). The funds have invested in nine companies. Three companies still remain in the portfolio: Audio Nord International A/S (distributor of high quality hi-fi equipment and manufacturer of loudspeakers); Lindplast A/S (polyethylene packaging materials) and Reima-Tutta Oy (childrens, sports and working clothing).
The acquisition of Nordic Private Equity Group is part of CapMans growth strategy in the Nordic region. NPE has an experienced team, which creates an excellent opportunity for us to expand our business in Denmark, explains Vesa Vanha-Honko, CapMans Senior Partner.
We aim to significantly strengthen our market position in mid-sized buy-outs and technology investments, says Leif Jensen, Managing Director of NPE.
