CapMan exits Ascade

Ascade provides market-leading trading and routing software solutions to telecom carriers globally. The company has approximately 100 employees and offices in Stockholm, Miami, Dubai and Singapore.

“During our investment period, Ascade has expanded internationally, improved the scalability of its business, and reached a significant strategic position with a top-tier customer base. We are confident that Ascade will continue to thrive under new ownership,” says CapMan Technology Senior Advisor, Lennart Jacobsson.

Funds managed by CapMan made their initial investment in Ascade in 2002. Prior to the transaction, funds managed by CapMan owned approximately 41.4% of Ascade’s shares.

Further information:

Lennart Jacobsson, Senior Advisor, CapMan Technology, tel. +46 8 545 854 70

CapMan www.capman.com 
CapMan Group is one of the leading private equity firms in the Nordic countries and Russia, with assets under management of €3.0 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 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.