Special Situations

About us

We pursue event-driven investment opportunities across economic cycles and industry sectors by providing flexible capital solutions and strong operational capability. We focus on mid-sized private and public companies that are headquartered in Finland with revenues typically ranging from €20 million to €300 million. We specialize in demanding strategic and operational turnarounds, financial restructurings, and corporate carve-outs in which executional certainty can be assured with substantial value creation and controlled risks.

We aspire to be a trusted partner for the management teams, business owners, banks, and key stakeholders in the investment community, generating superior value for our investors and contributing to the wellbeing of society.

Our solutions

We make control-oriented capital investments with a comprehensive suite of equity and debt financing instruments. We can make majority equity investments or finance through tailored loan and minority equity investments coupled with applicable governance rights. We can also acquire existing financing instruments.

Our investment ticket ranges from €10 million to €25 million per company over the holding period.

We provide end-to-end operational capability to successfully steer companies through situations that require repositioning and operational turnaround. Our senior operational advisors and managers are the most experienced turnaround operatives in the market, covering all main industry sectors. Our operational execution approach and toolkit enables companies to execute large-scale change with rigor and speed.

We are a responsible investor and our mission is to contribute to societal wellbeing by ensuring that viable companies can successfully steer through demanding situations and thrive. We strive towards environmentally sustainable practices and towards increasing transparency and professionalism in corporate governance.

Our portfolio

Edita Prima
Edita Prima

Edita Prima is a leading provider of comprehensive customer communication
services. The company offers its customers digital customer communication
management solutions, digital asset management and transactional printing, among
other services…
Terrawise
Terrawise

TerraWise is one of the leading infrastructure construction companies operating
in the Uusimaa and Pirkanmaa regions. The company’s operations are based on
three cornerstone capabilities: landscaping and urban construction, land and
infrastructure construction and excavation…
Aro Systems
Aro Systems
Aro Systems Oy is one of the leading providers of building technology expertise
and services with close to 70 years of experience. Together with close to 350
professionals, the company is building a better environment for living and
working. The company’s services encompass the entire life cycle of properties
and building technology services in new construction and renovation projects…
Niemi Services
Niemi Services
Niemi Services Ltd is a moving and logistics services company founded in 1981.
In 2021 we executed over 120,000 assignments nation-wide, and our revenue was
approximately 40 million euros. We employ over 1,200 service professionals. We
have been ranked number one in our industry for the 18th time in a row
(Taloustutkimus, TEP 2021), and 97,8% of our customers recommends us (Niemi…
Marinetek
Marinetek
Marinetek is an internationally recognized brand and a leading supplier of
premium marinas with high quality concrete, aluminium and timber pontoon
solutions for turnkey marinas, breakwaters and commercial floating solutions.
With the industry’s widest pontoon product range and a network of over 300
marina experts around the world, Marinetek can fulfil a wide range of customer…
Leo’s Lekland
Leo’s Lekland
Leo’s Lekland operates a chain of adventure parks and playgrounds for children.
It is Europe’s largest family focused activity and exercise company with a
total of 68 parks in Finland, Sweden, Norway, Denmark and Germany.

Our Funds

Fund Year Raised Status
CapMan Special Situations Fund 2021 €77m Actively investing

CapMan Special Situations Fund

Year: 2021

Raised: €77m

Status: Actively investing