Funds managed by CapMan Buyout have agreed to sell their holdings in InfoCare Group to the Norwegian private equity investment company Katalysator.
CapMan Buyout funds’ exit from portfolio company InfoCare Group (“InfoCare”) is already the sixth transaction within the last eight months.
InfoCare is one of the leading IT services companies in the Nordic countries. InfoCare’s services comprise field service, staffing services and spare parts logistics within the IT sector. In 2017 the net sales of InfoCare was approximately MEUR 90 and it employed a total of 870 persons.
“InfoCare is an undisputed market leader for more than 30 years in the Nordics and over the last years, the company has undergone a significant reorganization in terms of divestment of non-core business, new management, initiating cost efficiency programs and a new strategy for growth. InfoCare has a lot of potential to create stronger growth in existing and new business areas with the help of highly professional employees and satisfied top tier customers,” says Hanna Ideström, Investment Director at CapMan Buyout and responsible for the investment in InfoCare.
“We are very satisfied to have Katalysator as the new majority owner of InfoCare. Katalysator’s active and long-term investment perspective is important for us to realize our new strategy Skylift. With main focus on Customer Orientation, Operational Excellence and Growth we are going to lift InfoCare to new heights. Together with Katalysator and our fantastic employees, that is our most important asset, will we make this happen. I would like to thank CapMan for the continuous support during CapMan’s ownership,” says Kjell Magne Leirgulen, CEO of InfoCare.
“InfoCare has established a unique position in the Nordic market within IT services and we are very impressed by the management team. Katalysator will through active ownership support the management team and the development of the business, with strong customer focus, best practice operations and new growth initiatives. We see a significant potential for continued growth in the Nordics and look forward to work together with InfoCare’s employees in the coming years,” says Jon Håkon Pran, CEO of Katalysator.
Katalysator is a family owned investment company focusing on investments in medium-sized companies in Scandinavia. Katalysator currently has a portfolio of 6 companies and the team comprises 5 investment professionals.
The completion of the transaction is pending certain conditions including approval from competition authorities. Bridgehead acted as an advisor for CapMan Buyout in the transaction.
The CapMan Buyout team comprises 12 investment professionals working in Helsinki and Stockholm. The funds managed by CapMan Buyout invest in medium-sized, unlisted companies in the Nordic countries.
For more information, please contact:
Hanna Ideström, Investment Director, CapMan Buyout, tel. +46 705 861 348
Kjell Magne Leirgulen, CEO, InfoCare Group, tel. +47 97 72 31 21
Jon Håkon Pran, CEO, Katalysator, tel. +47 91 33 93 42
CapMan is a leading Nordic private asset expert with an active approach to value-creation in its target companies and assets. We offer a wide selection of investment products and services. As one of the Nordic private equity pioneers we have developed hundreds of companies and real estate and created substantial value in these businesses and assets over the last 28 years. CapMan has today approximately 120 private equity professionals and manages approximately €2.8 billion in assets under management. We mainly manage the assets of our customers, the investors, but also make investments from our own balance sheet. Our objective is to provide attractive returns and innovative solutions to investors. Our current investment strategies cover Real Estate, Buyout, Russia, Credit, Growth Equity and Infrastructure. We also have a growing service business that currently includes procurement services (CaPS), fundraising advisory (Scala Fund Advisory), and fund management services.