CapMan Stock Exchange Release 25 July 2008 at 9.00 a.m.
CapMan Plc and N+1 Group have signed an agreement for the transfer of CapMan’s 35 per cent stake in Access Capital Partners Group S.A. (Access) to N+1 Group. The transaction price for Access shares is at maximum EUR 23.3 million, and the transaction has an impact of EUR 18.0 million on CapMan Plc 2008 result. N+1 Group will pay EUR 16.5 million of the transaction price at the closing of the transaction and the remaining share in 2012. Part of the remaining transaction price is tied in Access’ development in the coming years. The payable taxes in 2008 are estimated to be approximately EUR 2.2 million. CapMan’s right to the possible carried interest income to be accrued from funds and private equity mandates currently managed by Access will remain unchanged after the transaction excluding Access Capital Fund IV Growth Buy-out.
Access Capital Partners is a leading European manager and advisor of private equity funds of funds and mandates, with assets totalling approx. EUR 2.5 billion. Its funds and mandates invest in Western-European small, mid-market buyout and special situations funds as well as later stage and buyout funds in the technology space. CapMan was a co-founder of Access in 1999 together with the current Access managing partners.
N+1 Group is a Madrid-based alternative assets manager as well as financial and wealth advisory firm. It has over EUR 3 billion of assets under management.
“CapMan’s investment focus has been in the Nordic countries, and recently we expanded our operations also to Russia and to listed Nordic companies. We are grateful for having been able to contribute to the development of Access in its first ten years of operations. Access managing partners have done a brilliant job in growing the company to one of the leading European funds of funds. We also believe that N+1 will help the company to grow further. In the future we will focus on developing our core businesses in our current market areas. In addition, the assets gained through the Access transaction will be used to finance CapMan’s own fund investments”, says CapMan Plc’s CEO Heikki Westerlund.
The closing of the transaction requires i.a. the approval of the relevant regulatory authorities.
For more information, please contact:
Heikki Westerlund, CEO, CapMan Plc, tel. +358 207 207 504 or +358 50 559 6580
CAPMAN PLC
Mari Reponen
Communications Director
Investor Services
DISTRIBUTION
Helsinki Stock Exchange
Principal media
www.capman.com
CapMan www.capman.com
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 six investment areas (CapMan Buyout, CapMan Technology, CapMan Life Science, CapMan Russia, CapMan Public Market 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.
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 six investment areas (CapMan Buyout, CapMan Technology, CapMan Life Science, CapMan Russia, CapMan Public Market 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.
Access Capital Partners www.accesscapitalpartners.com
Access Capital Partners is a leading, independent European provider of Private Equity investment products and services. With EUR 2.5 billion under management, the firm specializes in small to mid-market buy-out and special situations funds as well as later stage and buy-out funds in the technology space. Access Capital Partners currently advises or manages 4 generations of co-mingled funds of funds as well as 9 single client mandates. The firm currently has a staff of 30 including 6 partners operating or advising from Paris, Brussels and Munich.
N+1 Group www.nplus1.es
N+1 is a leading Spanish independent company in the alternative asset management and financial and wealth advisory services industry. N+1 currently manages and advises over EUR 3,000 million of assets in private equity, energy, active funds, restructuring and hedge funds among others asset classes. The company also provides advice to family groups in the overall management of their wealth and investment banking services to companies and institutions in the middle market segment. More than 150 people work for the company in its offices in Madrid, Barcelona, London and Frankfurt.
