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CapMan sells part of its shares in Å&R Carton


CapMan Press Release 5 June 2009 2.00 p.m. 
The funds managed by CapMan and Ahlström Capital have signed an agreement according to which CapMan funds will sell 13% of the shares in Å&R Carton AB to Ahlström Capital. The partial exit does not have a significant impact on CapMan Plc’s result for 2009.
Å&R Carton is one of Europe’s leading manufacturers of folding cartons and packaging systems. Finnventure Fund IV, Finnventure Fund V, Fenno Program funds as well as Finnmezzanine Fund II A and C made their initial investment in Å&R Carton in 2000.
CapMan funds and Ahlström Capital both owned approx. 45% of Å&R Carton shares prior to the transaction. Following the closing of the transaction Ahlström Capital will become the majority shareholder, and CapMan funds will hold 32% of the shares. The closing of the announced transaction is subject to e.g. approval from competition authorities.
CapMan’s representative will continue on Å&R Carton’s Board of Directors after the closure of the transaction.
For more information, please contact:
Anders Björkell, Partner, CapMan Buyout, tel. +358 207 207 502 or +358 40 537 7566
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.