CapMan Growth Fund successfully exits Fluido Oy

– the Finnish growth company becomes part of an international technology frontrunner

CapMan Growth Fund has, together with its other owners, signed an agreement on selling its holdings of Fluido Oy, the leading Salesforce partner in the Nordics, to Infosys, a global technology company. Fluido will continue to operate as an independent company. The acquisition is the first exit for the CapMan Growth Fund, established in 2017. The fund held a 29 per cent stake in Fluido, with the investment providing significant returns.

Fluido is one the largest and longest tenured independent Salesforce Platinum Consulting Partners in Europe. The company provides consulting, development and integration services tailored to clients’ needs, supporting clients in digitalising their business and creating excellent cloud services experiences with Salesforce technology. Fluido is headquartered in Espoo, with offices also in Sweden, Norway, Denmark and Slovakia. The company’s team of nearly 250 professionals comprises 30 different nationalities.

“We are very pleased with our investment in Fluido. The company is a true Finnish success story. Together with the founders, management and personnel, we have succeeded in growing its revenue nearly fivefold during our ownership due to domestic growth and fast internationalisation. We shared a goal of turning Fluido into the leading Nordic player in its industry, which we have achieved with great success.  Exceptional company management and committed personnel have made this achievement possible,” says Juha Mikkola, Managing Partner of CapMan Growth.

“Cooperation with the CapMan Growth team has been truly enjoyable for us. With the help of their persevering support, we have been able to grow fast and profitably and expand our operations into international markets. The current acquisition will provide us with a unique opportunity to serve our global clients even better. We also value the fact that we will continue as our own business under the Fluido brand after the transaction, treasuring our unique culture this way,” states Kai Mäkelä, Founder and CEO of Fluido.

Additional information:
Juha Mikkola, Managing Partner, CapMan Growth, Tel. +358 50 590 0522,
Kai Mäkelä, Founder and CEO, Fluido, Tel. +358 44 213 9812,


CapMan Growth is the partner for growth companies seeking capital and know-how for growth and M&A activities. CapMan Growth makes only minority investments in both private and public companies that operate in sufficiently large markets and are able to leverage their innovative services and solutions both in Finland and internationally. Our investment criteria further include professional and committed management, innovative service/product, proven business plan, growing revenues, significant market potential and unique competitive advantage.The objective of Growth investment activities is to find unlisted target companies with the potential to grow rapidly, to make significant minority investments in them and, as an active investor, to develop their value so as to achieve returns in excess of the market average through long-term ownership. Our recent investments include Arctic Security Oy and RealMachinery Oy.

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 employs today approximately 120 private equity professionals and has 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 and Infra. We also have a growing service business that currently includes procurement services (CaPS), fundraising advisory (Scala Fund Advisory), and fund management services.

Fluido is the leading Salesforce Consultancy and Partner in the Nordics. Fluido’s customers include both large globally operating enterprises and growth companies across industries in all Nordic countries. Fluido offers consulting, development and integration services tailored for customer needs to help them reach their goals, transform and create outstanding customer experiences by utilizing Salesforce technology. Fluido’s headquarters are in Espoo, Finland, with additional offices in Denmark, Norway, Slovakia and Sweden.


CapMan Plc
Ludviginkatu 6
00130 Helsinki

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