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CapMan Technology 2007 fund closes at EUR 142.3 million – the fund is one of the Nordic countries’ largest technology funds


CapMan Plc Press release 23 January 2008 at 9.30 a.m.
Fundraising for the CapMan Technology 2007 fund has ended and the fund was closed at EUR 142.3 million. The fund is one of the largest technology funds ever raised in the Nordic countries. The fund’s investment focus is on expansion and later-stage technology companies. The fund’s investment activity has made a lively start, with the fund investing in four new portfolio companies.
CapMan Technology 2007 fund’s investment focus is on expansion and later-stage technology companies in the Nordic countries. The turnover of portfolio companies typically exceeds EUR 2 million and the size of the fund’s investment is EUR 3-15 million of equity. Since its establishment, the fund has invested in four new portfolio companies, namely the Finnish Mawell Oy, a supplier of ICT solutions to the healthcare sector, the Swedish KMW Energi AB, a manufacturer of biofuel plants, Finnish Movial Applications Oy, a developer of IP communications software, and Danish IT2 Holding ApS, a developer of software for the financial sector.
“The fund’s investment activities have started actively and we are constantly analysing new investment opportunities. In the Nordic market, the number of quality investment targets that accord with our investment focus has remained good. We will continue to invest through active ownership in the business expansion and internationalisation of promising Nordic growth companies,” says Petri Niemi, CapMan Senior Partner and Head of CapMan Technology.
A total of 12 Nordic institutions have invested in the CapMan Technology 2007 fund. CapMan Plc’s commitment to the fund is EUR 15 million.
“Fundraising for the fund was successful despite the challenging market situation, so we are very satisfied with the result. Fundraising was a success due to CapMan Technology’s later-stage investment focus which has guided the team’s actions for a long time now, the team’s local presence in the Nordic countries, and CapMan’s strong performance in managing the assets of institutional investors,” says Jerome Bouix, CapMan Senior Partner and Head of Investor Services.
For further information, please contact:
Jerome Bouix, Head of Investor Services, Senior Partner, tel. +358 207 207 558 or +358 40 820 8541
Petri Niemi, Head of CapMan Technology, Senior Partner, tel. +358 207 207 546 or +358 400 511 493
CapMan is one of the leading alternative asset managers in the Nordic countries and manages Nordic funds with approximately EUR 3.8 billion in total capital. CapMan has four investment areas (CapMan Buyout, CapMan Technology, CapMan Life Science and CapMan Real Estate), and each of them has a dedicated team and funds. Altogether CapMan employs over 100 people in Helsinki, Stockholm, Copenhagen and Oslo. CapMan was established in 1989 and its B shares are listed on the Helsinki Stock Exchange since 2001.