CapMan Public Market Fund invests in Intrum Justitia AB
(Thomson Reuters ONE) - CapMan press release 28 October 2009 at 9.30 a.m.CapMan Public Market Fund invests in Intrum Justitia ABThe fund holds 4.0 per cent of the outstanding shares and votesCapMan Public Market Fund has invested in Europe's leading creditmanagement services company Intrum Justitia AB and currently holds4.0 per cent of the outstanding shares and votes in the company. Theaim of CapMan Public Market Fund is to support Intrum Justitia in itsfuture growth and profitability enhancement."Intrum Justitia has very good potential for further growth andprofitability enhancement. The company is a leader in its markets andis, with its broad service offering and wide geographical coverage,well positioned to lead consolidation in the industry and takeadvantage of outsourcing trends. We are excited to participate in thefurther development of Intrum Justitia in cooperation with thecompany's Board of Directors, management and other large owners,"says CapMan Senior Partner Joakim Rubin. "This is the fund's second announced investment since it wasestablished in July 2008. The investment fits very well with our aimto invest in listed companies with a significant value and growthpotential," says Joakim Rubin.Intrum Justitia is Europe's leading credit management services group,offering comprehensive services designed to measurably improveclients' cash flows and long-term profitability. Founded in 1923,Intrum Justitia has 3,300 employees in 23 countries. Consolidatedrevenues amounted to SEK 3.7 billion in 2008. Intrum Justitia AB islisted on Nasdaq OMX Nordic Exchange in Stockholm since 2002.CapMan Public Market Fund invests in listed Nordic mid-cap companies.The fund aims to bring CapMan's value creation tools to its portfoliocompanies and seeks to achieve long-term value enhancement throughactive ownership. To date the fund has announced one investment inEurope's leading kitchen company Nobia AB, which is listed on theNasdaq OMX Nordic Exchange in Stockholm.For more information, please contact:Joakim Rubin, Senior Partner, CapMan Public Market, tel. +46 70 55842 78CapMan www.capman.comCapMan is one of the leading alternative asset managers in the Nordiccountries and Russia and manages private equity funds withapproximately EUR 3.5 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 150 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.
Datum: 28.10.2009 - 08:30 Uhr
Sprache: Deutsch
News-ID 7514
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