CapMan Plc Stock Exchange Release 8 February 2017 at 9.00 a.m. EET
Special Representative appointed for the arbitration proceedings concerning the redemption of minority shares in Norvestia
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CapMan Plc (“CapMan”) announced on 13 January 2017 that it will commence redemption proceedings in respect of Norvestia Oyj’s (“Norvestia”) minority shares by initiating arbitration proceedings in accordance with Chapter 18, Section 3 of the Finnish Companies Act in order to have ownership of all the shares in Norvestia.
Based on CapMan’s application for the aforementioned arbitration proceedings, the Redemption Committee of the Finland Chamber of Commerce has petitioned the Helsinki District Court for the appointment of a special representative, in accordance with Chapter 18, Section 5 of the Finnish Companies Act, to look after the interests of Norvestia’s minority shareholders in the arbitration proceedings. In its decision, the Helsinki District Court appointed Olli Rautiainen (MSc (Econ.), LL.M.) to act as the special representative.
Pasi Erlin, General Counsel, CapMan Plc, tel. +358 207 207 503
CapMan is a leading Nordic investment and specialised asset management company. As one of the Nordic private equity pioneers we have actively developed hundreds of companies and real estate and thereby created substantial value in these businesses and assets over the last 25 years. CapMan has today 100 private equity professionals and manages 2.7 billion in assets. We mainly manage the assets of our customers, the investors. We also make direct investments from our own balance sheet in areas without an active fund. Our objective is to provide attractive returns and innovative solutions to investors and value adding services to professional investment partnerships, growth-oriented companies and tenants. Our current investment strategies cover Buyout, Growth Equity, Real Estate, Russia, Credit and Infrastructure. We also have a growing service business that currently includes fundraising advisory, procurement activities and fund management.