Archives

Tesi exits battery diagnostics startup Akkurate

Tesi

The global metal and mining corporation Sandvik acquires Akkurate, a Finnish startup developing analytics software for batteries.

With the transaction and the know-how Akkurate brings with it, Sandvik will advance the electrification of its operations.

Tesi’s investment in Akkurate was made from the Venture Bridge special investment programme that was established to mitigate the negative effects of the corona pandemic and closed for initial investments at the end of March 2022.

Read more:

 

Additional information:
Samppa Sirviö, Investment Manager, Venture Capital Investments
samppa.sirvio@tesi.fi
+358 50 518 6063

Tesi (Finnish Industry Investment Ltd) is a state-owned investment company that wants to raise Finland to the front ranks of transformative economic growth by investing in funds and directly in companies. We invest profitably and responsibly, hand-in-hand with co-investors, to create the world’s new success stories. Our investments under management total 2.1 billion euros. www.tesi.fi | @TesiFII

Categories: News

Tags:

Carla raises funding from Bonnier Ventures

Bonnier Ventures is pleased to announce an investment in Carla, the first Nordic e-commerce company for electric cars. Existing investors Inbox, Black Ice and VNV also participated in the round of approximately SEK 205 million.

 

At carla.se you can buy and sell electric cars. Carla offers delivery and collection of electric cars throughout Sweden within 72 hours. All cars are battery tested, inspected at 280+ points and prepared for top condition. The customer always gets a 12-month guarantee, favorable financing, a 14-day right of withdrawal and a free return where Carla picks up the car.

 

Since the start in autumn 2021, Carla has experienced a high growth. The company has reached an annual turnover rate of SEK 600 million and an average Trustpilot score of 4.9. The capital is intended for Nordic expansion, product development, increased capacity for deliveries, repair of cars, and development of aftermarket services.

 

“We are extra proud of raising money from reputable investors, both existing and new – despite the current world and market situation. It feels safe that we, together with our investors, share the long-term vision of radically improving the experience of selling, acquiring, and owning an electric car.” says Patrik Illerstig, CEO and founder of Carla.

 

“We are glad to be supporting Carla in this round and are impressed by the growth they have shown and the reception the service has received in the market. The investment is also part of our increased focus on sustainability and an important investment in relation to the transition to a more sustainable society. We look forward to following and supporting the company on its continued journey that is only in its infancy.” says Dajana Mirborn, Investment Director at Bonnier Ventures.

 

For more information:

Dajana Mirborn, Investment Director, Bonnier Ventures, dajana.mirborn@bonnier.se

 

About Bonnier Ventures:

Bonnier Ventures is the venture and growth arm of the Bonnier Group. We make investments in fast growing companies with exceptional teams across multiple growth stages. Our investment focus areas are HealthTech, FinTech, Sustainability, Software and MediaTech. Previous investments include (among others) Doktor.se, Natural Cycles and Acast.

 

Categories: News

Linden Announces Agreement to Acquire Majority Stake in Aspirion from Aquiline Capital Partners

Aquiline

Chicago, IL and Columbus, Ga. (June 21, 2022) – Linden Capital Partners (“Linden”), a Chicago-based private equity firm focused exclusively on the healthcare industry, today announced that it has signed a definitive agreement to make a majority investment in Aspirion (the “Company”), a leader in technology-enabled healthcare revenue cycle management (“RCM”). Following the transaction, the Company’s management team and Aquiline Capital Partners (“Aquiline”), a private investment firm based in New York and London, will remain investors in the Company.

Aspirion is a leading healthcare RCM provider across complex claims and revenue integrity, offering a broad array of technology-driven solutions for the most specialized revenue cycle challenges faced by hospital systems and healthcare providers. The Company’s team of healthcare, legal, and technical professionals, in conjunction with its proprietary AI-enabled software, help hospitals and physicians improve claims processing time and increase overall collections. Aspirion’s product suite is centered on complex claims, an umbrella category for third party liability claims related to non-traditional payors, and revenue integrity, which addresses clinically complex claims with traditional medical payors.

“We are very excited to enter into this partnership with Linden and leverage Linden’s deep healthcare experience, relationships, and strategic support to execute against our shared value creation plan and better serve our clients,” said Jason Erdell, CEO of Aspirion.

Kam Shah, Partner at Linden, said “We congratulate Jason and the entire Aspirion management team on their collective roles in building a highly regarded provider of specialized RCM solutions whose differentiated capabilities help hospital systems and providers navigate a difficult operating environment characterized by increasing denial rates and growing complexity in patient clinical records. We look forward to supporting Aspirion and positioning the Company for continued growth, particularly through strategic investments in technology, product, and M&A.”

“We are proud to have helped Aspirion create its industry-leading complex claims RCM platform through investing in people, technology and strategic acquisitions,” said Jeff Greenberg, Chairman and CEO of Aquiline Capital Partners. “We look forward to continuing as investors and, alongside Linden, supporting Aspirion through its planned next phase of growth.”

The transaction is subject to customary closing conditions. Baird is serving as exclusive financial advisor and Ropes & Gray LLP is serving as legal counsel to Aquiline and Aspirion. Guggenheim Securities, LLC and Cain Brothers, a division of KeyBanc Capital Markets Inc., are serving as financial advisors and Kirkland & Ellis LLP is serving as legal counsel to Linden. Twin Brook Capital Partners is providing debt financing for the transaction.

About Aspirion Aspirion, headquartered in Columbus, Ga., helps hospitals and physicians recover otherwise lost claims revenue from Motor Vehicle Accidents, Workers’ Compensation, Veterans Affairs, and TRICARE as well as out-of-state Medicaid, Medicaid eligibility, underpayments, and denials. Aspirion’s experienced team of healthcare, legal, and technical professionals combined with industry-leading technology platforms help ensure that providers receive their Complex RCM revenue so that providers, hospitals, and their staff can focus on patient care. The Company serves over 140 clients across 45 states, including 40% of the largest health systems in the U.S.

About Linden Capital Partners Linden Capital Partners is a Chicago-based private equity firm focused exclusively on the healthcare industry. Founded in 2004, Linden is one of the country’s largest dedicated healthcare private equity firms. Linden’s strategy is based upon three elements: (i) healthcare specialization, (ii) integrated private equity and operating expertise, and (iii) its differentiated human capital program. Linden invests in middle market platforms in the medical products, specialty distribution, pharmaceutical, and services segments of healthcare. Since its founding, Linden has invested in over 40 healthcare companies encompassing over 200 total transactions. The firm has raised over $6 billion in limited partner commitments since inception. For more information, please visit www.lindenllc.com.

About Aquiline Capital Partners Aquiline Capital Partners, founded in 2005, is a private investment firm based in New York and London investing in companies across financial services and technology, healthcare, and business services. The firm had $8.7 billion in assets under management as of March 31, 2022. For more information about Aquiline, its investment professionals, and its portfolio companies, please visit www.aquiline.com.

Media Contacts Katie Kornel for Linden Capital Partners info@lindenllc.com 312-506-5600

Categories: News

Altor invests in smart energy platform Tibber

Altor

Altor Fund V (“Altor”) has signed an agreement to acquire a minority stake in Tibber, the Norwegian smart energy provider and platform. The investment in Tibber has been done through acquisitions from existing shareholders, on the back of Tibber’s $100M Series C round in March 2022.

Since its inception in 2016, Tibber has been on a journey to assist consumers in lowering their energy bills, making more intelligent decisions around their electricity consumption, and empowering them to use energy smarter. At the beginning of the year Tibber had reached over 400,000 household customers in Norway, Sweden, and Germany and is looking to expand further within Europe.

As the hub in a smart home, Tibber connects independent and sustainable energy sources, such as solar photovoltaic (PV) cells, with smart hardware such as electric vehicle (EV) chargers, batteries, and heat pumps to make electricity production and consumption smarter, in addition to providing load balancing to the grid.

The investment fits Altor’s broader involvement in the green transition, with recent investments including Vianode and Svea Solar. Altor will support Tibber on its journey to become the leading home energy platform.

Herman Korsgaard, Director at Altor, commented:

“Tibber is a unique and rapidly growing company in the consumer-enabled green transition space. We are incredibly impressed by the position and platform the founders have created and are convinced Tibber will play an increasingly important role in providing renewable energy and smart solutions for households across Europe.”

For more information, please contact:
Herman Korsgaard at Altor, herman.korsgaard@altor.com, +47 934 00 332

About Altor
Since inception, the family of Altor funds has raised some EUR 8.3 billion in total commitments. The funds have invested in excess of EUR 5 billion in more than 85 companies. The investments have been made in medium-sized predominantly Nordic companies with the aim to create value through growth initiatives and operational improvements. Among current and past investments are OX2, Vianode, Svea Solar, and Nordic Climate Group. For more information visit www.altor.com

About Tibber
Tibber is the smart digital energy provider founded in 2016 by the Norwegian Edgeir Vårdal Aksnes and the Swede Daniel Lindén.

The Tibber app replaces traditional utilities with a digital energy deal and technology for smarter consumption of energy. Tibber’s vision is to make sustainable energy consumption simple and affordable for all households, and their mission is to reduce the residential energy consumption for European households by 20 %.

This is made possible through their app that provides consumers with real-time analytics into energy usage, and that can be paired with a large variety of smart home devices to reduce energy consumption at home. For more information visit www.tibber.com

Author: Katarina Karlsson
Date: 2022.06.21
Categories: News

Categories: News

Tags:

Play and InfraVia Capital Partners join forces to provide 6 million Polish homes with fiber broadband connectivity in a new open access wholesale model.

InfraVia

On June 19, 2022 Play Group, a leading fixed, digital television and mobile convergent player in Poland, operating Play and UPC brands, together with InfraVia Capital Partners, a leading independent private equity firm specializing in infrastructure and technology investments, signed an agreement which paves the way for providing access to high-speed connectivity to 6 million homes in Poland, using existing infrastructure and through further significant investments. The network will be available for all telecommunication operators in a wholesale, open-access model.

Upon the preliminary agreement, which is subject to regulatory approval, Infravia Capital Partners will acquire 50% of shares of Play Group’s subsidiary, operating under the name FiberForce, for PLN 1,775 billion. At transaction close, which is currently scheduled for the end of 2022, Play/UPC will transfer its existing HFC and FTTx asset base of 3.7 million homes passed to FiberForce. On top of that, FiberForce seeks to build more than 2 million additional fiber optic connections. FiberForce will make its network infrastructure available to other telecommunications operators (including Play and UPC) in an open and
non-discriminatory access model, to maximize take up of the built infrastructure by consumers.

Jean Marc Harion, CEO Play and UPC: ‘This partnership is yet another milestone to strengthen our nationwide infrastructure leadership, allowing millions of new customers in Poland to benefit from superfast Internet. Due to its open-reach wholesale model, we want to set new standards for broadband connectivity access and secure everyone freedom of choice. We hope this new investment will significantly help narrow the digital gap and deliver even more innovation to the benefit of our customers, society and the economy.’

Vincent Levita, CEO and Founder of InfraVia: ‘We are extremely happy to develop our partnership with iliad Group in this joint-venture with Play Group. This will allow us to build a key asset in a growing sector with a leading partner.’

Categories: News

Tags:

3i invests in Danish lifestyle brand Konges Sløjd to support its global expansion

3I

3i Group plc (“3i”) today announces that it has agreed to invest in Konges Sløjd, a premium international lifestyle brand offering apparel for babies and children.

Headquartered in Copenhagen, Denmark, Konges Sløjd designs, sources and markets high-quality, children’s clothing, accessories, home products and toys through a curated network of (online-) retailers and direct-to-consumer e-commerce in more than 50 countries.

Konges Sløjd has been a forerunner in the premium baby/child segment through its stylish, functional, safe, durable, sustainable and affordable products across all children categories, and is well positioned to accelerate its growth across Europe, Asia and North America.

The company’s footprint is already international with rapid global expansion resulting from a proven and replicable online and offline market-entry strategy. Konges Sløjd also enjoys a highly-engaged global virtual community, with more than 345,000 followers on Instagram (www.instagram.com/kongessloejd).

The global baby/child product market benefits from strong sociographic tailwinds such as premiumization, rising middle classes and older parents having higher disposable incomes when they have children. The market is highly fragmented among mass, premium, affordable luxury and aspirational luxury players, with Konges Sløjd well placed at the convergence of the fast-growing premium and affordable luxury segments.

Boris Kawohl, Partner, 3i, said: “It is unique to see a young consumer brand with such a strong product offering and so much traction across so many countries as Konges Sløjd. The brand has an exceptionally high customer engagement as well as an efficient and scalable social media-based go-to-consumer approach. We are looking forward to work with Emilie and her team in the next phases of the company’s international growth across Europe, Asia and the US”.

Emilie Konge Breindal, Founder and CEO, Konges Sløjd, said: “I’m very excited about partnering with 3i as I believe they recognise and value the true spirit of Konges Sløjd and have the right values, team, toolbox and commitment to support us on our global journey. We will be able to maintain our unique values, brand and design approach whilst reaching even more families around the world”.

Categories: News

Tags:

Eudonet announces the acquisition of Netanswer

Montagu

Eudonet is a leading European provider of vertical CRM software for Associations, Government & Local authorities, Higher Education, and Real Estate. The company is present in France, Switzerland, Belgium, Canada, the Netherlands and the UK. Today, Eudonet is pleased to announce the acquisition of Netanswer.

Netanswer is a leading community management solutions provider in France. Over the past 19 years, it has built up more than 3 million members across 180 networks. Entirely scalable and developed as a SaaS offering, Netanswer allows associations (such as alumni, professional associations, and foundations) to build a solid, dynamic, and committed community of members.

The acquisition will allow Eudonet to strengthen its investment in the Netanswer solution while offering existing customers community management and animation solutions.

Antoine Henry, CEO of Eudonet, says: “We are very pleased to welcome the Netanswer team, their products and their customers to the Eudonet group. This acquisition strengthens our offering in online community engagement, a strategic area for our clients. It demonstrates our commitment to investing in associations and in the higher education market to better serve our customers.”

We are very pleased to welcome the Netanswer team, their products and their customers to the Eudonet group.

Antoine Henry, CEO, Eudonet

Fabrice Wilthien, CEO of Netanswer, says: “After 19 years of independence, the time had come to join a group in order to develop the Netanswer solution with new resources and to have the opportunity to distribute it even more widely, and abroad. Eudonet is a leader in European CRM solutions, which was a must-have for us.”

After 19 years of independence, the time had come to join a group in order to develop the Netanswer solution with new resources and to have the opportunity to distribute it even more widely, and abroad. Eudonet is a leader in European CRM solutions, which was a must-have for us.

Fabrice Wilthien, CEO, Netanswer

Categories: News

Clearlake Capital-backed Wheel Pros agrees to acquire Transamerican auto parts from Polaris

Clearlake

Strategic Acquisition Creates a Vertically Integrated Omnichannel Platform for Aftermarket Automotive Parts and Accessories

 

GREENWOOD VILLAGE, CO and COMPTON, CA – June 16, 2022 – Wheel Pros, a designer, manufacturer and distributor of proprietary branded aftermarket vehicle enhancements for light trucks, SUVs, passenger cars and ATVs/UTVs backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and in partnership with management, today announced it has entered into a definitive agreement to acquire Transamerican Auto Parts (“TAP” or “the Company”) from Polaris  Inc. (NYSE: PII), the global leader in powersports. TAP is a vertically integrated manufacturer, distributor, retailer and installer of off-road Jeep and light truck parts and accessories. In 2021, TAP generated nearly $760 million in revenue.

 

“We are thrilled to combine with TAP and build a vertically integrated omnichannel platform for aftermarket automotive enhancements across a wide range of vehicles,” said Randy White, Co-Founder and CEO, and Brian Henderson, Chief Strategy Officer, at Wheel Pros. “TAP’s extensive product portfolio, proprietary brands, manufacturing capabilities, and omnichannel platform have resulted in an automotive and off-roading enthusiast following that we have long admired. We look forward to working with the TAP team as we undertake new initiatives to accelerate the growth of the combined business and continue to drive value for our customers, suppliers, and partners.”

 

Headquartered in Compton, California, TAP sells and installs an extensive line of parts and accessories for Jeep and truck enthusiasts, including products manufactured under its six proprietary aftermarket brands: SMITTYBILT®, PRO COMP®, RUBICON EXPRESS, POISON SPYDER™, G2™, and 4WP FACTORY. TAP’s omnichannel platform operates under the 4 WHEEL PARTS brand, and serves automotive and off-roading enthusiasts through retail, eCommerce, and wholesale. The Company has a growing online presence via  4WheelParts.com and 4WD.com, and TAP’s integrated platform enables buy online, pick-up, and install in store.

 

“TAP is a scaled player in the aftermarket automotive industry, and the combination with Wheel Pros creates a vertically integrated omnichannel platform that better serves automotive and off-roading enthusiasts,” said José E. Feliciano, Co-Founder and Managing Partner, and Colin Leonard, Partner, at Clearlake. “We look forward to continuing to leverage our O.P.S.® framework in partnership with the Wheel Pros team to drive both organic and inorganic growth as the company builds upon its position as a premier automotive aftermarket enthusiast platform.”

 

“With this combination, we have brought together two well-known businesses in the automotive aftermarket industry,” said Dilshat Erkin, Senior Vice President at Clearlake. “We are excited to welcome the TAP team to the Wheel Pros organization and continue to support the combined business as they embark on new innovative projects to accelerate growth.”

 

The transaction is expected to close early in the third quarter, subject to customary closing conditions. Baird acted as financial advisor to Polaris in connection with the transaction. Kirkland & Ellis LLP served as legal counsel to Wheel Pros and Clearlake.

 

ABOUT WHEEL PROS

 

Founded in 1995, Wheel Pros serves the automotive enthusiast industry with a wide selection of vehicle enhancements from its portfolio of lifestyle brands, including Fuel-Off-Road, American Racing, KMC, Rotiform and Black Rhino. Utilizing its expanding global network of distribution centers spanning North America, Australia and Europe, Wheel Pros serves over 13,500 retailers and has a growing ecommerce presence to provide enthusiast consumers with access to the products they desire. More information is available at www.wheelpros.com.

 

ABOUT TAP

 

TAP sells and installs an extensive line of parts and accessories for Jeep and truck enthusiasts, including products manufactured under its six proprietary aftermarket brands: SMITTYBILT®, PRO COMP®, RUBICON EXPRESS, POISON SPYDER™, G2™, and 4WP FACTORY. TAP’s omnichannel platform operates under the 4 WHEEL PARTS brand, and serves automotive and off-roading enthusiasts through retail, eCommerce, and wholesale. More information is available at www.transamericanautoparts.com.

 

ABOUT CLEARLAKE

 

Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. With a sector-focused approach, the firm seeks to partner with management teams by providing patient, long-term capital to businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are technology, industrials, and consumer. Clearlake currently has over $72 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. More information is available at www.clearlake.com and on Twitter @Clearlake.

 

Contact

 

For Wheel Pros:

Max Krapff

Backbone Media

970.658.5252 ext. 1174

max.krapff@backbone.media

 

For Clearlake:

Jennifer Hurson

Lambert & Co.

+1 845-507-0571

jhurson@lambert.com

Categories: News

Tags:

Ratos carries out major investment in new platform – acquires majority stake in Knightec

Ratos

Ratos has signed an agreement to acquire 70% of the consulting company Knightec, thereby entering into a partnership with co-founder and CEO Dimitris Gioulekas. Over the past 12 months, Knightec had sales of SEK 941m, with adjusted EBITA of SEK 140m. The cash-free, debt-free purchase price for 100% of the company (enterprise value) amounts to SEK 1,625m, corresponding to a multiple of 11.6 (EV/EBITA).

Knightec was founded in 2003 and has experienced strong growth ever since, mainly generated organically but also through strategic acquisitions. The company stands out thanks to its rapid rate of change and industry-leading profitability. Through its unique customer offerings and strong community involvement, Knightec has established a strong market position in technology, design and digitalisation of products and services.

“I am impressed by Knightec’s development in recent years, and Ratos is proud to have been entrusted to enter into a partnership with CEO and co-founder Dimitris Gioulekas and thereby contribute to the company’s continued growth. Knightec currently holds a strong position in the market and is an excellent start to our focus on this sector, which will be an important area for Ratos going forward. Through this acquisition, we will gain exposure to the growing consultancy industry, where we already have solid experience,” says Jonas Wiström, President and CEO, Ratos.

“Knightec will remain a driving force in the digital transformation towards sustainable products and services. Our ability to establish partnerships with key customers and partners has been crucial to our success. This partnership with Ratos will create excellent opportunities to continue investing in new areas in order to strengthen our market position and continue to deliver industry-leading growth and profitability,” says Dimitris Gioulekas, co-founder and CEO, Knightec.

With over 800 employees across Sweden, Knightec specialises in advanced projects that straddle technology, design and digitalisation. Its customers include large corporations with a leading position in various sectors, such as automotive, pharmaceutical, medical technology, finance, telecom, media and security.

Financing and impact on Ratos
The acquisition was financed with Ratos’s own funds and bank financing. For the Ratos Group, the acquisition corresponds to a pro forma increase in sales of just over 4% and an increase of 7% in adjusted EBITA for LTM May 2022. The Ratos Group’s leverage in April 2022 amounted to 0.8x EBITDA and will increase pro forma to 1.4x EBITDA. The CEO and other key employees of Knightec will make a reinvestment in conjunction with the transaction, with their holding amounting to approximately 30% of the shares in the company. After a certain period of time and at the earliest in full after five years, both these key employees and Ratos have a customary right to demand that Ratos acquire the shares at market value.

The acquisition of Knightec is conditional on customary competition clearance.

Press briefing
Representatives of the media are welcome to a press briefing at 09.45 a.m. CEST at Ratos’s office, Sturegatan 10 in Stockholm. Participants will be Jonas Wiström, President and CEO at Ratos and Dimitris Gioulekas, CEO at Knightec. It is also possible to participate digitally via Teams. Mandatory registration, contact VP communication Josefine Uppling, +46 76 114 54 21 or e-mail josefine.uppling@ratos.com.

For further information and media contact:
Jonas Wiström, President and CEO, Ratos, +46 76 114 54 21
Dimitris Gioulekas, CEO, Knightec, +46 70 569 96 88
Josefine Uppling, VP Communication, Ratos, +46 76 114 54 21

This is information that Ratos AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 07:00 a.m. CEST on 16 June 2022.

About Ratos
Ratos is a business group consisting of 14 companies divided into three business areas: Construction & Services, Consumer and Industry. In total 2021, the companies have approximately SEK 25 billion in net sales. Our business concept is to own and develop companies that are or can become market leaders. We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in execution and It’s All About People. We enable independent companies to excel by being part of something larger. People, leadership, culture and values are key focus areas.

Categories: News

Tags:

CapMan Growth exits semiconductor equipment company Picosun

Capman

CapMan Growth press release

16 June 2022 at 2:45 p.m. EEST

CapMan Growth exits semiconductor equipment company Picosun  

Picosun Oy has been acquired by Applied Materials, Inc., a US-based leading semiconductor equipment company. This is the largest exit in CapMan’s operating history, measured by the portfolio company’s exit value. The investment has been very successful, taking the Growth 2017 fund into carry upon exit.

CapMan invested in Picosun in 2019, and since then Picosun has grown as a company, building new facilities, opening new markets, and developing ALD technology primarily for specialty semiconductors. Based in Espoo, Finland, the company has operations in Europe, the United States and Asia. The company serves hundreds of customers, including Nasdaq top-10 companies, and has over 200 employees worldwide.

ALD, or Atomic Layer Deposition, a technology originally developed in Finland, enables the fabrication of ultrathin precise films, which is a prerequisite for the functionality of modern electronics. ALD is used in, among others, silicon wafers, electronic sensors, optoelectronics, and medical devices with new applications being established constantly.

“Picosun is a highly successful growth story and has achieved global recognition and a loyal customer base. The strengthened management team and expanded production capacity have built a strong foundation for further growth with the new owner. This journey has been a great success thanks to the extraordinary Picosun team lead by CEO Jussi Rautee. It has also been an honour to work in close co-operation with a truly committed main owner Stephen Industries (family office of Kustaa Poutiainen) and other active investors,” says Juha Mikkola, Senior Partner at CapMan Growth.

CapMan Growth Equity 2017 Fund Ky starts generating carried interest following the completion of the exit and the fund has eight companies remaining. Picosun is the largest exit in CapMan’s operating history, measured by the portfolio company’s exit value.

For more information, please contact:

Juha Mikkola, Senior Partner, CapMan Growth, +358 50 590 0522

About CapMan Growth

CapMan Growth is a leading Nordic growth investor making significant minority investments in companies targeting strong growth and internationalisation. CapMan Growth is part of CapMan, a leading Nordic private asset expert with an active approach to value creation. As one of the private equity pioneers in the Nordics we have built value in unlisted businesses, real estate, and infrastructure for over three decades. With over to €4.7 billion in assets under management, our objective is to provide attractive returns and innovative solutions to investors. We are dedicated to set science-based targets to reduce our greenhouse gas emissions in line with the Paris Agreement. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover minority and majority investments in portfolio companies and real estate, and infrastructure assets. We also provide wealth management solutions. Our service business includes procurement and analysis, reporting and back office services. Altogether, CapMan employs approximately 180 professionals in Helsinki, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. For more information, visit growth.capman.com and www.capman.com. 

About Picosun

Picosun provides the most advanced ALD (Atomic Layer Deposition) thin film coating solutions for global industries. Picosun’s ALD solutions enable technological leap into the future, with turn-key production processes and unmatched, pioneering expertise in the field – dating back to the invention of the technology itself. Today, PICOSUN® ALD equipment are in daily manufacturing use in numerous leading industries around the world. Picosun is based in Finland, with subsidiaries in Germany, USA, Singapore, Japan, South Korea, China mainland and Taiwan, offices in India and France, and a world-wide sales and support network. Visit www.picosun.com.

Categories: News

Tags: