CapMan/CaPS press release
16 September 2020 at 9:00 am EEST
CapMan Procurement Services CaPS expands to the Baltic region – establishes joint venture with BaltCap
CapMan Procurement Services CaPS accelerates the international expansion of its operations and introduces its procurement service concept in the Baltic region through CaPS Baltics, a newly established joint venture together with the leading Baltic private equity fund manager BaltCap.
The geographic expansion follows the introduction of CaPS in Sweden and provides over 40 BaltCap portfolio companies as well as existing CaPS member companies with operations in the Baltic region with access to centralised procurement for non-strategic products and services across many categories ranging from logistics to IT.
“Expansion of our business to include the Baltic countries is a natural progression as many of our members already operate in the region and we see significant growth opportunities there. The joint venture with BaltCap demonstrates the scalability of the CaPS concept by utilising the same processes and tools across a wide array of companies and markets to help even more companies improve their procurement practices. We are constantly considering new categories and services that bring added value to our members and develop our service accordingly. We are also selectively assessing new potential markets, in which to introduce the CaPS concept,” says Maximilian Marschan, Managing Partner at CaPS.
“We are very excited to introduce the CaPS concept to our portfolio. Making procurement more efficient and systematic across BaltCap portfolio companies is without doubt a great value and benefit for our growing portfolio. The accomplishments of CaPS team in the past ten years in driving savings and improving customer satisfaction for its member companies in Finland and Sweden are remarkable. We trust the service provides also our companies a clear competitive edge enabling us to better achieve our goal of building business champions,” says Martin Kõdar, Managing Partner at BaltCap
Hannes Laaser has been appointed Procurement Director for the joint venture. Hannes has more than 15 years of sourcing and management experience, and he joins CaPS Baltics from Glamox Group where he was responsible for direct and indirect materials procurement. Laaser’s responsibilities will include member acquisition and tenders for new categories and service partners in the Baltic region. He is based in Tallinn.
“I am pleased to welcome Hannes to our team. His experience and networks are spot on for building our presence and serving this new market,” Marschan says.
For more information, please contact:
Maximilian Marschan, Managing Partner, CaPS, tel. +358 50 591 1282
About CaPS
CaPS centralises the procurement of its member companies’ non-strategic products and services in Finland and Sweden and now in the Baltic states through the joint venture. CaPS has over 200 member companies, which together employ over 80,000 persons in Finland, Sweden, Estonia, Latvia and Lithuania, and have an aggregate revenue of EUR 15 billion. The network has over 250 supplier partners, which benefit from larger volumes and the concentration of sales through one channel. The service creates added value to its network through savings, more efficient procurement processes and new customer relationships. CaPS was established in 2010 and is part of private assets group CapMan. See more: www.caps.fi
About BaltCap
BaltCap is the largest private equity investor in the Baltic region covering buyout, growth, venture capital and infrastructure investments. Since 1995, BaltCap has invested in over 100 companies across different industries and raised aggregate capital of over €600 million. As an active owner, BaltCap strives to build international business champions by partnering with top management teams and entrepreneurs with a strong vision to grow. BaltCap’s portfolio currently includes over 40 portfolio companies across investment strategies. The latest initiatives by BaltCap include establishing Nordic Ninja venture capital fund as a joint venture with Japanese JBIC IG Partners and launching successor Private Equity Fund III, focusing on the New Nordics, Baltics and Nordic companies with a Baltic nexus. See more: www.baltcap.com
