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CapMan Buyout VIII closes at EUR 440 million

Stock exchange release - 14 June 2006 -- CapMan Buyout VIII was oversubscribed and the fund was closed at EUR 440 million, which exceeds the initial target size of EUR 375 million. The fund makes investments in middle market buyout transactions in the Nordic countries and is the largest of CapMan’s equity funds investing directly in portfolio companies.

A total of 31 institutional investors joined CapMan Buyout VIII. The fund attracted 15 new institutional investors in CapMan funds and altogether 10 investors from Europe and the US. CapMan Plc’s own commitment into the fund is EUR 37.5 million corresponding to 10% of the original target size.

“Buyout investments are one of CapMan’s core investment activities. With the closing of CapMan Buyout VIII, excellent preconditions for buyout investments will continue also in subsequent years,” states Mr Heikki Westerlund, Senior Partner and CEO of CapMan Plc. ”In the prevailing competitive situation the critical mass offered by the Nordic countries, as well as our strict investment criteria and focus on value creation work, place CapMan in a position to achieve good returns.”

”The successful closing of CapMan Buyout VIII verifies that investors have confidence in our Nordic investment concept and in Nordic middle market buyouts. We are very pleased that our new fund has attracted, in addition to a wide group of key institutions in all Nordic countries, new investors also from Europe and the United States,” says Mr Jerome Bouix, Partner and head of Fundraising, IR and Communications at CapMan.

Over the past few years CapMan Buyout has invested in 13 Nordic middle market transactions from its previous buyout fund. The new fund’s investment focus is on companies with core Nordic presence and with potential for further regional or international expansion. The target companies typically have enterprise values between EUR 50–250 million and operate in industries that are consolidating or changing. To date, CapMan Buyout VIII has already invested in Swedish fashion retail chain MQ Sweden AB and in Finnish provider of healthcare and laboratory products Tamro MedLab.

The management fee terms of CapMan Buyout VIII fund are in accordance with common practice in the industry. The share of possible carried interest that will be received in due course by CapMan from the fund is 70%.

For further information, please contact:
Jerome Bouix, Partner, Fundraising, IR & Communications, tel. +358 9 6155 8358 or +358 40 820 8541
Heikki Westerlund, CEO, tel. +358 9 6155 8304 or +358 50 559 6580

CapMan is one of the leading private equity investors in the Nordic countries and specialises in middle market buyouts in various industry sectors, investments in expansion and later stage technology companies and investments in life science companies. In addition, CapMan manages private equity real estate funds. The CapMan team comprises around 100 people in Helsinki, Stockholm, Copenhagen and Oslo. CapMan manages Nordic funds with approx. EUR 2.3 billion in total capital. To date, the funds managed by CapMan have invested in 152 companies in the Nordic countries and exited from 86 companies. The latest investments are made in Finnish Tamro MedLab Oy, Danish ScanJour A/S, Swedish Spintop Netsolutions AB and Norwegian InfoCare ASA. The portfolio of CapMan’s first private equity real estate fund consists of 19 commercial properties in the Helsinki metropolitan area. CapMan Plc is listed on the Main List of the Helsinki Stock Exchange.

Publisher Contact Information:

CapMan Capital Management Oy
+358 9 6155 8358 or +358 40 82

Company profile of CapMan Capital Management Oy
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