CapMan
| CapMan Group | |
|---|---|
| Type | Public |
| Traded as | OMX: CPMBV [1] |
| Industry | Private Equity |
| Market value | €90.6 million (April 30, 2014)[2] |
| Founded | 1989 |
| Headquarters | Helsinki, Finland |
| Based in |
Helsinki Stockholm Moscow Luxembourg London |
| Key people |
CEO, Heikki Westerlund Chairman, Karri Kaitue |
| Revenue |
 29.8 million EUR (2013) [3] |
| Net income |
3.3 million EUR (2013) [3] |
| Employees | ~ 100 [4] |
| Website | http://www.capman.com |
CapMan Group, founded in 1989, is a Finnish private equity fund manager listed in Helsinki Stock Exchange. CapMan manages funds with capital raised mainly from European institutional investors, such as pension funds and insurance companies, endowments, family offices, funds of funds and public institutions.[4]
CapMan's investment partnerships invest this capital further in Nordic and Russian companies and real estate.
CapMan has five key investment areas – Buyout, Real Estate, Russia and Credit and the associated company Norvestia.
CapMan's investment horizon is typically 3–6 years, after which the investment is usually listed on the stock exchange or sold to another company.
Altogether, CapMan employs around 100 professionals in Helsinki, Stockholm, Moscow, Luxembourg and London.
In 2014, during CapMan's 25th anniversary, a book called "Into the driver's seat - Stories about entrepreneurs and CapMan" was written by journalist Marko Erola from Talouselämä magazine.[5]
CapMan became a signatory of the UN Principles for Responsible Investment (UN PRI) in December 2012.[6]
Investment areas
CapMan has five key investment areas - CapMan Buyout, CapMan Real Estate, CapMan Russia and CapMan Credit - each of which has its own dedicated investment team and funds - and the associated company Norvestia.[4]
- CapMan Buyout invests in unlisted Nordic mid-market companies in various industries.
- CapMan Real Estate manages four private equity real estate funds, which invest in office, retail, residential and hotel properties, in the Nordic countries.
- CapMan Russia provides equity financing for Russian growth companies, and the investment focus is on growing non-strategic sectors that benefit from Russia's expanding middle class.
- CapMan Credit advises CapMan Mezzanine V Fund, which invests in subordinated debt primarily supporting leveraged buyouts in the Nordic region.
- Norvestia invests in listed shares, bonds, hedge funds and equity funds. Furthermore, Norvestia makes direct minority investments in unlisted companies. [7]
Investments
CapMan has investments in dozens of different companies, amongst others Cederroth, Esperi Care, Design-Talo, Lumene, Finlayson & Co, Harvia,[8] Kämp Group, The North Alliance, Walki, Komas Ltd, LämpöLux and Havator Group.
CapMan has over Euro 3 billion of capital under management.
In early 2014, CapMan has invested in Harvia and LämpöLux, among others.
Ownership
More than half of CapMan is owned by Finnish institutions and households. Approximately one fifth is owned by management and personnel, and the rest of the owners are foreign and nominee shareholders. Management and personnel hold half of the voting rights. The biggest owners of CapMan include Belgian private equity and venture capital firm GIMV NV, Ilmarinen Mutual Pension Insurance Company, and personally and through their businesses, Ari Tolppanen, Olli Liitola, Tuomo Raasio ja Heikki Westerlund, also employed by CapMan. Further, the ten biggest owners include Varma Mutual Pension Insurance Company and The State Pension Fund.
References
- ↑ "CapMan Interim Report Q1" (PDF). CapMan. Retrieved May 30, 2014.
- 1 2 "CapMan Annual Report 2013" (PDF). CapMan. Retrieved June 4, 2014.
- 1 2 3 "About CapMan". CapMan. June 4, 2014.
- ↑ "Talouselämä article: "Jänniä tarinoita yrittäjistä" Investment". Talouselämä. March 25, 2014. Retrieved 2014-05-30.
- ↑ "Signatories to the Principles for Responsible Investment". PRI Association. May 30, 2014.
- ↑ "CapMan acquires 28.7% of Norvestia’s shares from Kaupthing — CapMan". www.capman.com. Retrieved 2015-10-05.
- ↑ "CapMan Buyout X fund to buy majority stake in Finnish sauna business Harvia Oy". Venture Capital Post. March 27, 2014. Retrieved 2014-05-30.