CapMan Public Market Fund closes at EUR 138 million>
CapMan Public Market Fund closes at EUR 138 million
(Thomson Reuters ONE) - CapMan Plc Stock Exchange 10 July 2009 at 11.00 a.m. (EET)CapMan Public Market Fund closes at EUR 138 millionFundraising for the CapMan Public Market Fund has been finalised. Thefund was closed at EUR 138 million, of which CapMan Plc's commitmentis EUR 7 million. CapMan Public Market is CapMan's first equity fundinvesting in listed companies. The final closing of the fund does nothave a substantial impact on CapMan Plc's result for 2009.CapMan Public Market Fund invests in listed Nordic companies withmarket capitalisations in the range of EUR 50-400 million. In itsoperations the fund utilises CapMan's private equity style valuecreation tools based on active ownership. To date the fund hasannounced one investment in Europe's leading kitchen company NobiaAB, which is listed on the Nasdaq OMX Nordic Exchange in Stockholm."CapMan Public Market's investment operations have had a good start,and we are currently analysing several attractive investmentopportunities. Our team has excellent resources to support thedevelopment of Nordic listed companies in cooperation with otherlarge shareholders," says Senior Partner Jukka Ruuska, Head of CapManPublic Market.New commitments to the fund total EUR 40 millionCommitments to the fund have been received from a total of nineNordic institutions including CapMan. New capital totalling EUR 40million was raised in the final fundraising round. Of these, EUR 8million has been used to reduce CapMan's commitment to invest in thefund from EUR 15 million to EUR 7 million. In accordance with thedecision by CapMan Plc's Board of Directors in May 2009, CapMan'sobjective is to invest 1-5% of the original capital in its futurefunds depending on the fund's demand and CapMan's own investmentcapacity."We are very pleased that we succeeded to raise more capital to thenew fund in these challenging market conditions. During thefundraising process we have met many new investment contactsresponsible for public market investments and have received valuablefeedback for our future operations," says Senior Partner JeromeBouix, Head of Investor Services.The management fee level of the CapMan Public Market Fund correspondsto that received by CapMan from other funds investing in portfoliocompanies. CapMan Plc's share of any potential carried interest thatthe fund may generate is 50% and the CapMan Public Market team'sshare is 50%.For further information, please contact:Jukka Ruuska, Head of CapMan Public Market, Senior Partner, tel. +358207 207 571 or +358 050 1732Jerome Bouix, Head of Investor Services, Senior Partner, tel. +358207 207 558 or +358 40 820 8541CapMan www.capman.comCapMan is one of the leading alternative asset managers in the Nordiccountries and Russia and manages private equity funds withapproximately EUR 3.4 billion in total capital. CapMan has sixinvestment areas (CapMan Buyout, CapMan Technology, CapMan LifeScience, CapMan Russia, CapMan Public Market and CapMan Real Estate),and each of them has a dedicated team and funds. Altogether CapManemploys over 140 people in Helsinki, Stockholm, Copenhagen, Oslo andMoscow. CapMan was established in 1989 and its B shares are listed onthe Helsinki Stock Exchange since 2001.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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Datum: 10.07.2009 - 10:05 Uhr
Sprache: Deutsch
News-ID 3435
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