CapMan Public Market Fund increases holding in B&B TOOLS AB
(Thomson Reuters ONE) -
CapMan Press Release 11 August 2011 at 11.45 a.m. EET
CapMan Public Market Fund increases holding in B&B TOOLS AB
The fund holds 7.8 per cent of the outstanding shares and 5.8 per cent of the
votes
CapMan Public Market Fund has increased its holding in the Nordic region's
leading supplier of MRO products and services B&B TOOLS AB and currently holds
7.8 per cent of the outstanding shares and 5.8 per cent of the votes in the
company. CapMan Public Market Fund supports the company's communicated strategy
and direction.
"B&B TOOLS has very good potential for further profitability enhancement and
growth. We have followed the company for a long time and are impressed by how
B&B TOOLS has focused and developed its operations and successfully led the
consolidation of the Nordic MRO market. We believe that the company is in an
attractive position to start drawing the full benefits of its scale and market
leadership in line with the communicated strategy. We are excited to support the
further development of B&B TOOLS," says CapMan Senior Partner Joakim Rubin.
B&B TOOLS provides the industrial and construction sectors in northern Europe
with industrial consumables, industrial components and related services. The
Group has annual revenue of approximately SEK 7.9 billion and approximately
2,800 employees. B&B TOOLS is listed on NASDAQ OMX Nordic Exchange in Stockholm.
For more information, please contact:
Joakim Rubin, Senior Partner, CapMan Public Market, tel. +46 70 558 42 78
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. 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.
This announcement is distributed by Thomson Reuters on behalf of
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(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#1537855]
Unternehmensinformation / Kurzprofil:
Datum: 11.08.2011 - 10:45 Uhr
Sprache: Deutsch
News-ID 57163
Anzahl Zeichen: 2888
contact information:
Town:
Helsinki
Kategorie:
Business News
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"CapMan Public Market Fund increases holding in B&B TOOLS AB"
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CapMan Oyj (Nachricht senden)
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