CapMan Buyout IX invests in Solera
(Thomson Reuters ONE) -
CapMan Press Release 23 June 2011 at 4:00 p.m. EET
CapMan Buyout IX invests in Solera
CapMan Buyout IX, a fund managed by CapMan, has agreed to acquire a majority
holding in Solera AS. Headquartered in Oslo, Solera is one of the leading
alcoholic beverage importers and distributors in the Nordic region. Following
the acquisition CapMan Buyout IX will own approx. 76% of ordinary shares of the
company, while the remaining 24% of ordinary shares will be held by co investors
and the management. CapMan will support Solera in increasing its market
positions especially in Sweden and Finland.
Solera acts as an importer and distributor of primarily wine to the three Nordic
alcoholic retail monopolies. In addition, the company is active in import and
distribution of beer, cider, mineral water and soft drinks through its
subsidiary Multibev AS. Solera has grown 20% annually over the past four years
and is one of the leading wine importers and distributors in the Nordic region.
Today, Solera has a net turnover of approx. ?130 million and employs 110 people
in Norway, Sweden and Finland. The Nordic wine market is expected to develop
favourably during the following years and Solera is well positioned to
capitalise on this growth.
"Solera is the market leader in wine in Norway with good prospects to enhance
its position in the Swedish and Finnish markets. Besides increasing its market
positions, our target is to further develop the company's product range and to
strengthen Solera's organisation. Our vision together with the management is to
build Solera into a leading Nordic beverage distributor with superior brands",
says Mats Gullbrandsson, CapMan's partner in charge of the investment.
"CapMan is a perfect partner for Solera's management team. We share a common
view with regards to the future strategic development of the company, which is
also in line with Solera's producer partners' goals. We are looking forward to
working with CapMan, as well as with the co investors Johan Kullander, Peter
Candell and Johan Bjarke. I am confident that our team is well positioned to
lead Solera to fulfill its potential", says Stefan H. Norberg, CEO of Solera AS.
CapMan Plc is a major investor in CapMan Buyout IX. The transaction is subject
to approval from the competition authorities and is expected to close in August
2011.
Further information:
Mats Gullbrandsson, Partner, CapMan Buyout, tel. +46 8 545 854 81
Stefan H. Norberg, CEO, Solera AS, tel. +47 90 14 51 77
CapMan www.capman.com
CapMan is one of the leading private equity firms in the Nordic countries and
Russia, with assets under management of ?3.4 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. 140 people in Helsinki, Stockholm,
Oslo, Moscow and Luxembourg. CapMan was established in 1989 and has been listed
on the Helsinki Stock Exchange since 2001.
Solera www.solerabeveragegroup.com
Solera acts as an importer and distributor of primarily wine to the three Nordic
alcoholic retail monopolies. In addition, the company is active in import and
distribution of beer, cider, mineral water and soft drinks through its
subsidiary Multibev AS. Today, Solera has a net turnover of approx. ?130 million
and employs a total of 110 people across Norway, Sweden and Finland
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#1525646]
Unternehmensinformation / Kurzprofil:
Datum: 23.06.2011 - 15:00 Uhr
Sprache: Deutsch
News-ID 55817
Anzahl Zeichen: 4379
contact information:
Town:
Helsinki
Kategorie:
Business News
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"CapMan Buyout IX invests in Solera"
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