CapMan completes exit from Tokmanni
(Thomson Reuters ONE) -
CapMan Plc. Stock Exchange Release 19 July 2012 3:15 pm EEST
CapMan completes exit from Tokmanni
Funds managed by CapMan have completed the exit from the Tokmani Group as
announced on 24 May 2012. CapMan funds sold their equity stakes in Tokmanni to
Nordic Capital Fund VII. The exit transfers the CapMan Equity VII B fund into
carry.
The impact of the transaction on CapMan's current year financial result is
approximately ?1.2 million consisting of carried interest income and return on
CapMan's own fund investments. The impact on CapMan Group's 2012 cash flow is
approximately ?4.4 million.
After the closing of the transaction, the CapMan Equity VII A and CapMan Equity
Sweden KB funds have returned their total paid-in capital to investors and are
closer to carry. Four companies remain in the CapMan Equity VII B fund
portfolio.
For further information, please contact:
Niko Haavisto, CFO, CapMan Plc, tel. +358 207 207 583
CAPMAN PLC
Laura Mustonen
Manager, Communications and IR
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NASDAQ OMX Helsinki
Principal media
www.capman.com
CapMan www.capman.com
CapMan 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 approx. 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.
Tokmanni www.tokmanni-konserni.fi/english
The Tokmanni Group is the largest discount retailer in Finland. The group owns
144 stores operating under seven brands: Tokmanni, Tarjoustalo, Vapaa Valinta,
Robinhood, Maxi-Makasiini, Maxi-Kodintukku and Säästöpörssi. The retail network
covers the entire Finland; the northernmost outlet is in Kuusamo, while the
southernmost outlet is in Hanko. In 2011, group turnover was EUR 653.9 million.
The company currently has more than 2,900 employees.
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#1627966]
Unternehmensinformation / Kurzprofil:
Datum: 19.07.2012 - 14:16 Uhr
Sprache: Deutsch
News-ID 166965
Anzahl Zeichen: 2982
contact information:
Town:
Helsinki
Kategorie:
Business News
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"CapMan completes exit from Tokmanni"
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