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CapMan exits XLENT


CapMan press release 15 April 2009 at 5.00 p.m

Swedestart Tech fund managed by CapMan has sold its stake in Swedish XLENT Consulting Group to the Company’s operative management backed by active investor Neqst Partner. The exit does not have significant impact on CapMan Plc’s result for 2009.
XLENT is a Nordic IT and management consulting company focusing on customer-centric business development.
Swedestart Tech fund invested in XLENT in 2002. The fund’s ownership in XLENT prior to the transaction announced today was approx. 28 per cent. CapMan Plc is a significant investor in the fund, which transferred under CapMan’s management in connection to the Swedestart acquisition in 2002.
For more information, please contact:
Lennart Jacobsson, Senior Partner, CapMan Technology, tel +46 8 545 854 74 or +46 705 55 10 50
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.