CapMan Press Release 28 September 2011 at 11:00 am EET
CapMan Real Estate to team up with NEP Partners
This press release is not an offer of any securities for sale in the United States, Canada, Japan, Australia or in any other jurisdiction where it would violate the laws of that jurisdiction or require measures other than those required under the Finnish laws. Securities may not be offered or sold in the United States absent registration under the US Securities Act of 1933 (Securities Act) or an exemption from registration. CapMan has not registered and does not intend to register any securities under the Securities Act and does not intend to make a public offering of any securities in the United States, Canada, Japan, Australia or in any other jurisdiction where offering without registration would violate the laws of that jurisdiction or require measures other than those required under the Finnish laws.
CapMan Real Estate has signed an agreement with NEP Partners to create a partnership aimed at expanding CapMan’s real estate business into a pan-Nordic operation. The joint team will follow an opportunity-driven investment strategy and a value-added approach to investing in property in the Nordic countries. The combined experience and track record of CapMan Real Estate and NEP Partners will create a first-in-class real estate fund management team covering the Nordic market.
“The Nordic region is becoming a preferred location for real estate investments in the current economic environment. Teaming up with NEP Partners will enable us to create a leading real estate fund manager covering the entire region,” says Mika Matikainen, Head of CapMan Real Estate.
“The new joint team will put us in a great position to benefit from the increasing number of distressed opportunities and under-managed assets coming up for sale in the Nordic region,” continues Torsten Bjerregaard, co-founder of NEP Partners.
CapMan Real Estate and NEP Partners have a long and successful track record of acquiring and actively managing properties, particularly in Sweden and Finland. The key members of the new joint team are Mika Matikainen, Torsten Bjerregaard, Ilkka Tomperi, Edward Williams, Jukka Iivari, Lyndon Dodd, Kalle Myllymäki, Per Tängerstad, and Juhani Erke, strengthened with the rest of the existing teams from CapMan Real Estate and NEP Partners and potential new recruitments.
CapMan Real Estate was established in 2005 and has successfully invested four real estate funds in the region. The portfolio’s value at cost as of the end of June 2011 was 1.4 billion.
NEP is a real estate investment and asset management company established in 2005 by Edward Williams and Torsten Bjerregaard. Originally formed as an operating partner for major institutions, it has operated in the Scandinavian market virtually exclusively since its founding.
Further information:
Mika Matikainen, Head of CapMan Real Estate, Partner, tel. +358 207 207 616
Ilkka Tomperi, Partner, CapMan Real Estate, tel. +358 207 207 647
Torsten Bjerregaard, co-founder of NEP Partners, tel. +46 8 445 1052
CapMan www.capman.com
CapMan is one of the leading private equity firms in the Nordic countries and Russia, with assets under management of 3.4 billion. CapMan has four key investment partnerships – CapMan Buyout, CapMan Russia, CapMan Public Market, and CapMan Real Estate – each of which has its own dedicated investment team and funds. Altogether, CapMan employs approx. 120 people in Helsinki, Stockholm, Oslo, Moscow and Luxembourg. CapMan was established in 1989 and has been listed on the Helsinki Stock Exchange since 2001.
NEP Partners www.neppartners.com
Attachment: Picture of the key members of the team: Per Tängerstad, Mika Matikainen, Lyndon Dodd, Torsten Bjerregaard, Kalle Myllymäki, Juhani Erke, Ed Williams, Jukka Iivari and Ilkka Tomperi (back row, clockwise from left)
