CapMan Public Market Fund invests in Proffice AB
(Thomson Reuters ONE) - CapMan press release 15 December 2009 at 9.00 a.m EETThe fund holds 20.1 per cent([1]) of the votes and 4.3 per cent ofthe outstanding sharesCapMan Public Market Fund has acquired 4.3 per cent of shares in theNordic staffing company Proffice AB from the company's main owner Mr.Christer Hägglund. The fund currently holds 20.1 per cent(1) of thevotes in the company. The aim of CapMan Public Market Fund is tosupport Proffice in its future growth."Proffice has very good potential for further growth. The company isa leader in its markets and is, with its scale, strong management andspecialist staffing focus well positioned to take advantage ofincreased penetration of temporary staffing. We are excited toparticipate in the further development of Proffice in cooperationwith the company's Board of Directors, management and other largeowners," says CapMan Senior Partner Joakim Rubin. "Proffice has developed very favorably. I am proud of the companyand its strong and committed management team and personnel," saysChrister Hägglund. "The company is now in a position to take the nextstep in its development. I consider this a suitable time to share themain ownership responsibility, which I have held since 1989, with anowner who can bring additional commitment and competence to thecompany. I have therefore chosen to sell a part of my holdings inProffice to CapMan, who I consider to be a serious and professionalowner. I will remain the second largest owner in the company afterthe transaction and I am excited to take Proffice to the next levelin cooperation with CapMan," Mr. Hägglund continues.Proffice provides staffing solutions, recruitment as well as careerand development services in the Nordic region. Founded in 1960, thecompany employs over 12,000 people in some 100 offices in Sweden,Norway, Denmark and Finland. Consolidated revenues amounted to SEK4.3 billion in 2008. Proffice AB is listed on Nasdaq OMX NordicExchange in Stockholm.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 investments inEurope's leading kitchen company Nobia AB and in Europe's leadingcredit management services company Intrum Justitia AB. Bothcompanies are listed on the Nasdaq 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 approx. 150 people in Helsinki, Stockholm, Copenhagen, Osloand Moscow. CapMan was established in 1989 and its B shares arelisted on the Helsinki Stock Exchange since 2001.[1] Adjusted for treasury sharesThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 15.12.2009 - 08:00 Uhr
Sprache: Deutsch
News-ID 9609
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