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CapMan exits Reima


CapMan Press Release 1 July 2008
Nordic Private Equity Partners II fund sells its stake in the last investment in the fund’s portfolio, Reima Holding to Pohjola Capital Partners. Reima is a leading children’s clothing company in Northern Europe. The exit does not have an impact on CapMan Plc’s result for 2008 as Nordic Private Equity Partners II fund has not begun to generate carry. The fund’s activities will terminate with the exit.
Reima focuses on the design and sale of clothes for children up to 12 years old under the brand names Reima, Tutta and Lassie.
“Reima has in the recent years further strengthened its position as a well-known Finnish brand house. The company’s business has developed well and we are pleased to announce that we have found the company a new dedicated owner who will continue the good work done in Reima”, says CapMan Partner Lars Hagelstam.
Nordic Private Equity Partners II fund invested in Reima-Tutta Oy in April 1997. Reima Group’s textile electronics business Clothing+ will be sold to the company’s operative management as a MBO-transaction. The investment has been satisfactory for investors in Nordic Private Equity Partners II fund.
For further information, please contact:
Lars Hagelstam, Partner, CapMan Buyout, tel. +358 207 207 549 or +358 40 747 1870
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.