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The sale of investment commitments and fund investments worth EUR 17.0 million to Gimv completed


CapMan Stock Exchange Release 9 September 2009 9.50 a.m.
CapMan Plc Group has completed the sale of investment commitments and fund investments worth EUR 17.0 million to Gimv. The transaction was announced on 7 August 2009.  The direct impact of the transaction on the Group’s cash flow in 2009 is approx. EUR 3.4 million and it does not have an impact on Group’s result.
CapMan divested investment commitments totalling EUR 13.6 million and fund investments totalling EUR 3.4 million to Gimv. As stated earlier at the time of publishing the transaction, the sum of CapMan’s remaining investment commitments fell from EUR 61.9 million to EUR 48.3 million as a result of the divestments. The fair value of executed investments at 30 June 2009 changed from EUR 56.2 million to EUR 52.8 million. The commitments and investments sold target CapMan Technology 2007, CapMan Russia and CapMan Public Market funds.
The transactions do not have an impact on Group’s result for 2009 as they were executed at fair value.
For more information, please contact:
Heikki Westerlund, CEO, CapMan Plc, Senior Partner, tel. +358 207 207 504 or +358 50 559 6580
Mari Reponen
Communications Director
Investor Services
Helsinki Stock Exchange
Principal media
CapMan is one of the leading alternative asset managers in the Nordic countries and Russia and manages private equity funds with approximately EUR 3.5 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 150 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.