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CapMan exits Distocraft

Press release - 31 August 2006 -- Funds managed by CapMan have exited from Finnish company Distocraft Ltd, which provides software products and solutions for telecom operators as world-leading telecom supplier Ericsson has acquired Distocraft’s business. The realisation does not impact on CapMan Plc’s result for 2006, as the exiting funds have not begun to generate carry. The parties will not publish the transaction price.

Distocraft develops telecommunications software products that enable network performance management and service assurance for telecom operators, so that they can optimise their network investments and provide service quality to customers. Distocraft has over 40 employees in Helsinki and Lahti.

”Distocraft has successfully grown its business and established a convincing position in telecommunications markets. Furthermore, the company has been managed extremely well and it’s been a pleasure to be part of the spirited team. This transaction is an honour to the whole company and I wish them all the best now that the endeavour continues in a new exciting setup” states CapMan Partner Vesa Wallden.

CapMan funds CapMan Equity VII and Swedestart Tech invested in Distocraft Ltd in 2003. The investment has been good for investors in CapMan funds.

For further information, please contact: Vesa Wallden, Partner, CapMan Technology, tel. +358 6155 8361 or +358 400 616 997

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 154 companies in the Nordic countries and exited from 92 companies. The latest investments are made in Finnish Tamro MedLab Oy, Danish ScanJour A/S, Swedish Neoventa AB and Norwegian InfoCare ASA. The portfolio of CapMan’s first private equity real estate fund consists of 22 commercial properties in the Helsinki metropolitan area. CapMan Plc is listed on the Main List of the Helsinki Stock Exchange.

Distocraft Ltd is an independent software vendor, which provides products and solutions that improve network and service performance and quality for network operators. The company was founded in 1999 and it has operations in Helsinki and Lahti.

Publisher Contact Information:

CapMan Capital Management Oy
+358 6155 8361

Company profile of CapMan Capital Management Oy
Past press releases of CapMan Capital Management Oy.


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