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CapMan Public Market Fund invests in Nobia AB


CapMan Press Release 2 March at 8.00 a.m. CET
The fund holds 6.22 per cent of the outstanding shares and votes
CapMan Public Market Fund has invested in Europe’s leading kitchen company Nobia AB and currently holds 6.22 per cent of the outstanding shares and votes in the company. The aim of CapMan Public Market Fund is to support Nobia in its future growth and profitability enhancement.
“Nobia is a leader in its markets and has very good potential for further growth and profitability enhancement. The Company has led the modernisation and consolidation of the European kitchen industry since its inception in 1996. We are excited to participate in the further development of Nobia in cooperation with the Company’s Board of Directors, management and other large owners,” says CapMan Partner Joakim Rubin.
 “This is the Fund’s first investment since it was established in July 2008. The investment fits very well with our aim to invest in listed companies with a significant value-creation potential,” says Joakim Rubin.
Nobia is the company behind more than 20 strong European kitchen brands, such as HTH in the Nordic countries, Magnet in the UK, and Poggenpohl internationally. The Group manufactures and sells complete kitchen solutions mainly through own kitchen studios, franchised showrooms and a direct sales organisation. Nobia has operations in most European countries of which the Nordic countries, UK, Germany, France and Austria form the core markets. The Group has approximately 9,000 employees and reported net sales of some SEK 16 billion (EUR 1.5 billion) in 2008. Nobia is listed on the Nasdaq OMX Nordic Exchange in Stockholm.
CapMan Public Market Fund invests in listed Nordic mid-cap companies. The fund utilises CapMan’s private equity style ownership in its operations in the public markets.
For more information, please contact:
Joakim Rubin, Partner, CapMan Public Market, tel. +46 70 558 42 78
CapMan is one of the leading alternative asset managers in the Nordic countries and Russia and manages private equity funds with approximately EUR 3.4 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 over 140 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.