CapMan Plc Stock Exchange Release – 16 November 2012 at 3:00 pm EET
CapMan establishes its tenth buyout fund
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 has established its tenth buyout fund: CapMan Buyout X. The first closing of the fund was held 15 November 2012 at EUR 152 million. CapMan Buyout X will invest in middle market buyout transactions in the Nordic countries. The establishment of the fund does not impact CapMan’s result for 2012.
In addition to CapMan, 13 institutional investors and family offices primarily from the Nordic countries have made commitments to the fund to date. CapMan’s share of the commitments is 2%, or EUR 3 million. CapMan expects to achieve final closing for the fund during 2013.
“Despite a very tough market, we are pleased to see a very high retention rate of existing investors joining the new fund. This lays a solid foundation for the next phase of our fundraising, which will target new LPs internationally,” says Jerome Bouix, Senior Partner and responsible for fundraising at CapMan.
“We are experiencing stronger and stronger benefits from our unique position in the Nordic midcap market. Our experienced team and strong local position in three countries ensure selective deal sourcing and robust value creation. We are happy to see our LPs continued support of our development,” says Kai Jordahl, Head of CapMan Buyout and Senior Partner.
The CapMan Buyout X fund generates industry standard management fees and carry. The fund starts generating fees as soon as the predecessor fund CapMan Buyout IX has made its next and final investment.
For more information, please contact:
Jerome Bouix, Head of Sales, Marketing, Investor Relations and Communications, Senior Partner, tel. +358 207 207 558
Kai Jordahl, Head of CapMan Buyout, Senior Partner, tel. +47 23 23 75 71
Manager, Communications and IR
NASDAQ OMX Helsinki
CapMan is one of the leading private equity firms in the Nordic countries and Russia, with assets under management of 3.0 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. 110 people in Helsinki, Stockholm, Oslo, Moscow and Luxembourg. CapMan was established in 1989 and has been listed on the Helsinki Stock Exchange since 2001.