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CapMan sells its holding in Inmeta Crayon


CapMan press release 16 January 2012 3:30 p.m. EET

CapMan sells its holding in Inmeta Crayon

CapMan Technology 2007, a fund managed by CapMan, sells its shares in the stock exchange listed Inmeta Crayon ASA following a public takeover of the company. The exit will not have a substantive impact on CapMan Plc’s result for 2012 as the fund is not in carry.

CapMan Technology 2007 fund invested in Norwegian-based Crayon in 2008. Crayon provides services for managing corporate software and licences and offers its customers IT consulting services and training. In the spring 2011, the company merged with a Norwegian listed Inmeta ASA. Following the merger, CapMan Technology 2007 fund became a shareholder in Inmeta Crayon ASA.

Metallic Invest AS, a holding company owned by funds managed by the Norwegian private equity company Norvestor Equity AS, made a public offer to acquire Inmeta Crayon on 14 December 2011. The offer was accepted with the sufficient majority of the company’s shareholders on 13 January 2012. Consequently, CapMan Technology 2007 fund sells its shares in Inmeta Crayon and makes a final exit from the company. The settlement of the transaction is expected to take place by 27 January 2012. The fund’s ownership in Inmeta Crayon is approximately 6.5%.

Further information:
Anders Holmén, Investment Director, CapMan Technology, tel. +358 (0)207 207 518

CapMan Group is one of the leading private equity firms in the Nordic countries and Russia, with assets under management of €3.3 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 130 people in Helsinki, Stockholm, Oslo, Moscow, Copenhagen and Luxembourg. CapMan was established in 1989 and has been listed on the Helsinki Stock Exchange since 2001.