CapMan exits Ascade
(Thomson Reuters ONE) -
CapMan Press Release - 16 July 2012 at 10:15 am EEST
CapMan exits Ascade
Funds managed by CapMan have sold their holding in Ascade Holding AB (Ascade) to
CSG Systems International, Inc. (NASDAQ: CSGS). The exit does not impact CapMan
Plc's result for the current year as the selling funds are not in carry.
Ascade provides market-leading trading and routing software solutions to telecom
carriers globally. The company has approximately 100 employees and offices in
Stockholm, Miami, Dubai and Singapore.
"During our investment period, Ascade has expanded internationally, improved the
scalability of its business, and reached a significant strategic position with a
top-tier customer base. We are confident that Ascade will continue to thrive
under new ownership," says CapMan Technology Senior Advisor, Lennart Jacobsson.
Funds managed by CapMan made their initial investment in Ascade in 2002. Prior
to the transaction, funds managed by CapMan owned approximately 41.4% of
Ascade's shares.
Further information:
Lennart Jacobsson, Senior Advisor, CapMan Technology, tel. +46 8 545 854 70
CapMan www.capman.com
CapMan Group is one of the leading private equity firms in the Nordic countries
and Russia, with assets under management of ?3.0 billion. CapMan has four key
investment partnerships - CapMan Buyout, CapMan Russia, CapMan Public Market,
and CapMan Real Estate - each of which has its own dedicated investment team and
funds. Altogether, CapMan employs 120 people in Helsinki, Stockholm, Oslo,
Moscow and Luxembourg. CapMan was established in 1989 and has been listed on the
Helsinki Stock Exchange since 2001.
Ascade Holding AB www.ascade.com
Ascade is a leading provider of interconnect business solutions for telecom
carriers that trade and exchange international voice and data traffic. The
market-leading Ascade7 business suite includes interconnect billing, routing
optimisation and quality assurance. Ascade is headquartered in Stockholm and
serves a global customer base through its offices in Miami, Dubai and
Singapore.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: CapMan Oyj via Thomson Reuters ONE
[HUG#1626877]
Unternehmensinformation / Kurzprofil:
Datum: 16.07.2012 - 09:16 Uhr
Sprache: Deutsch
News-ID 165301
Anzahl Zeichen: 2850
contact information:
Town:
Helsinki
Kategorie:
Business News
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"CapMan exits Ascade"
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