Skip to content

CapMan Public Market Fund invests in Affecto Plc

12/01/2010

CapMan press release 12 January 2010 at 9.10 a.m.

 

CapMan Public Market Fund invests in Affecto Plc

 

The fund holds 12.1 per cent of the outstanding shares and votes

 

CapMan Public Market Fund has invested in IT service company Affecto Plc, a leading Business Intelligence service provider in the Nordic countries. The fund currently holds 12.1 per cent of the outstanding shares and votes in the company. The aim of CapMan Public Market Fund is to support Affecto in its future growth and further consolidation of its market position.

 

“Affecto is a leading Business Intelligence service company in the Nordic countries. Business Intelligence is clearly a growth sector and the company is in a good position to exploit this potential. We are excited to participate in the further development of Affecto in cooperation with the company’s management, Board of Directors and other large owners,” says Jukka Ruuska, Senior Partner and Head of CapMan Public Market.

 

“I am pleased with CapMan Public Market Fund’s first year of investment operations. Affecto is the fund’s fourth investment, and the fund’s first portfolio company listed on Nasdaq OMX Helsinki. Our aim is to make 1-3 new investments from the fund,” Jukka Ruuska says.

 

Affecto provides IT solutions for its client organisations to improve their efficiency. The company’s offering include Business Intelligence solutions and versatile operational IT solutions such as enterprise content management and geographic information systems, among others. Affecto has some 940 employees in the Nordic region, Baltic countries and Poland. In 2008 Affecto’s net sales totalled €132 million. Affecto Plc is listed on Nasdaq OMX Nordic Exchange in Helsinki.

 

CapMan Public Market invests in Nordic mid cap companies. The fund aims to bring CapMan’s value creation tools to its portfolio companies and seeks to achieve long-term value enhancement through active ownership. To date the fund has announced investments in Intrum Justitia AB, Nobia AB and Proffice AB.

 

For more information, please contact:

Jukka Ruuska, Senior Partner, Head of CapMan Public Market, tel. +358 50 1732

 

 

 

 

CapMan www.capman.com

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 approx. 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.