Finnish PE/VC News
The CapMan Buyout X fund has agreed to sell the majority holding in Värmelux Oy – the parent company of Suomen Lämpöikkuna Oy – to Inwido AB (publ). This is the first exit of the CapMan Buyout X fund.
Pia Kåll has been appointed Partner of CapMan Buyout starting from 1 June 2016. She joins CapMan Buyout from Outotec, where she has gained extensive management and operational experience, and from McKinsey&Company. The appointment strengthens CapMan Buyout’s Nordic team and supports the execution of the value creation agenda of the current portfolio.
Scala Fund Advisory offers private equity advisory services globally to best-in-class private equity fund managers and institutional investors in the asset class. Scala is an independent partnership of private equity fund manager CapMan.
A fund managed by the private equity company Sentica Partners has acquired majority stakes in three specialized infrastructure construction companies: Kanta-Kaivu Oy, Cendigo Oy and Kallionporaus Arto Soininen Oy. The transaction brings the companies under one parent entity. Key individuals from each company will remain with the new Group as significant minority owners.
Sponsor Capital and the management of Kymppi Group Oy (“Company”) will acquire the whole share capital of the Company. The sellers comprise the founder Eero Koskelainen together with his family and Hannu Koret. Key employees Johanna and Janne Koskelainen as well as Hannu Koret will reinvest in the new Company with an approximately 40% ownership share.
14.07.2015 CapMan sells their holding in Silex
Funds managed by CapMan have sold their holding in Silex Microsystems AB, an independent MEMS (Micro Electro Mechanical Systems) foundry to a Hong Kong based investment holding company. The transaction has a positive impact on CapMan Group’s result for 2015 through a total of approx. EUR 1.5 million in carried interest income (net) and fair value changes. The cash flow contribution of the transaction is approx. EUR 2 million.
Func Food Group Oy and People’s Choice AB merge to form a leading Nordic wellness and fitness group focused on functional food and beverages. Functional food company Func Food, known for its FAST and CocoVi brands, acquires Swedish People’s Choice, which is the exclusive distributor of popular Celsius functional beverage and active fashion clothing brand Freddy in Sweden. The Group targets combined sales of 50 million euros in 2015. The acquisition is partly financed by a Nordic high yield bond.
Finnish Venture Capital Association has published venture capital and private equity statistics for the first quarter of 2015. The quarter saw a new record amount invested in Finnish companies during a single quarter, whereas the updated 2014 statistics show that VC investments in Finnish companies as percentage of GDP were second highest in Europe.
Armada is pleased to announce the final close of its new fund at €103 million, thereby exceeding the targeted fund size.
- Norvestia becomes an associated company of CapMan as a result of the transaction. - In Norvestia CapMan sees growth opportunities in private equity especially related to minority investments based on active ownership. - The transaction does not change CapMan’s earlier outlook estimate for 2015. - The transaction is executed in two phases: in addition to the 21.7% of Norvestia’s shares acquired today, CapMan has the right and at Kaupthing’s request an obligation to purchase 7.0% of Norvestia’s shares outstanding from Kaupthing around October 2015. As a result, CapMan’s ownership of Norvestia will amount to 28.7% after the transaction is finalised.
Octoshape to provide Akamai unique video optimization technology designed to enable superior IP broadcast experiences
Onbone Ltd, the developer of novel casting technology material, Woodcast®, has raised a total of €10 million in a financing round led by MVM Life Science Partners, with participation from Finnish Industry Investment, Finnish private investors and the existing investor Inveni Capital. The funding round will be used to finance the international launch of the Woodcast suite of casting and splinting products.