CapMan Press Release 27 June 2017 at 9.00 a.m. EEST
The contractual procurement volumes of CapMan Procurement Services CaPS grew by 25 per cent to 55 million during the first half of 2017
CapMan Procurement Services (CaPS) has obtained a more pronounced role as part of CapMan’s service offering during the past year. Services are an integral part of CapMan’s growth strategy. Contractual procurement volumes generated through the CaPS network have increased by 25 per cent to 55 million during the first six months of 2017 from the comparable period last year and 30 per cent more contracts have been signed. The service has also grown rapidly in Sweden.
CaPS has a total of 110 member companies, which together employ over 50,000 persons in Finland and Sweden. The network has 130 supplier partners, which benefit from larger volumes and the concentration of sales through one channel. CaPS centralises the procurement of its member companies’ non-strategic products and services and, together with its membership network, selects one partner to serve all.
“CaPS is a unique concept among Nordic private equity investors. We develop the service continuously in cooperation with our member companies and supplier partners and create value for our network through savings, more efficient procurement processes and new customer relationships. Another sign of successful cooperation is the fact that the majority of previous CapMan portfolio companies have chosen to remain CaPS members following CapMan’s exit and to transfer their procurement volume to CaPS’ network of partners,” says Maximilian Marschan, CaPS Business Director.
CapMan established CaPS in 2009 to centralise mainly the procurement of portfolio companies managed by its funds. The service has grown significantly since. In addition to contract prices, CaPS service offering includes detail reporting on all contracts used and available in Finland and Sweden, an extranet tool to facilitate contract management and an Employee Benefit Scheme for each member company to introduce to its own employees. The Employee Benefit Scheme is already used by 42,000 membership network employees.
“CaPS is an internally developed concept and an entrepreneurial part of CapMan. We are extremely proud of how much this small and nimble team has accomplished in such a short time. We expect the service to grow also in the future following the introduction of new categories and geographic expansion,” comments Joakim Frimodig, CapMan Plc’s Interim CEO.
For additional information, please contact:
Maximilian Marschan, Business Director, CaPS, tel. +358 50 591 1282
Joakim Frimodig, Interim CEO, CapMan Plc, tel. +358 50 529 0665
CapMan
www.capman.fi
twitter.com/CapManPE
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 2.8 billion in assets. We mainly manage the assets of our customers, the investors, but 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, Infrastructure and Tactical Opportunities. We also have a growing service business that currently includes fundraising advisory, procurement activities and fund management.
