CapMan to exit Gammadata
Funds managed by CapMan have signed an agreement to sell their holdings in Swedish technology company Gammadata Holding AB to funds managed by Innovations Kapital. The exit will not impact CapMan Plc’s result for 2010, as the funds in question are not in carry.
CapMan-managed funds, CapMan Equity VII A, C, and Sweden, together with Swedestart Tech and Yewtree, made their initial investments in Gammadata in 2004. Founded in 1986 and employing around 180 people, Gammadata develops and supplies analysis and measurement equipment based on applied nuclear and surface physics technology for use by research institutes and industry.
“Gammadata has developed positively during the time we have been an owner and has succeeded in steadily growing its net sales and profit margins. I believe that the company is well-placed for continued growth in the future,” says CapMan Senior Partner Lennart Jacobsson.
“CapMan has been a very supportive and constructive owner. Gammadata is now in a position to take the next step and continue to grow,” says Gammadata’s CEO Jan Edhäll.
Prior to the transaction with Innovations Kapital, the CapMan funds owned 48.2 % of Gammadata’s shares.
For further information, please contact:
Lennart Jacobsson, Senior Partner, CapMan Technology on tel. +46 (0)8 585 854 70
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 3.6 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.
