CapMan plans to set up new Growth Equity fund and appoints Partner to the team
CapMan plans to set up new Growth Equity fund focusing on minority investments in unlisted companies. In addition, CapMan strengthens its Growth Equity team by appointing Antti Kummu as Partner.
The background research of the new planned Growth Equity fund demonstrates that the investor appetite for active minority investments is high. Furthermore, CapMan Growth Equity’s track record is strong due to successful value-add work in the portfolio companies in addition to significant exits. The targeted fund size of the new growth investments fund is approximately MEUR 80 and fund raising is planned to be executed during 2017.
“There is significant demand for structured growth equity instruments and CapMan is pleased to be able to offer investors this alternative investment opportunity,” comments Juha Mikkola, CapMan Growth Equity, Managing Partner.
The new Growth Equity Partner Antti Kummu has more than 10 years of experience from the private equity industry. He joins CapMan from Touhula Varhaiskasvatus Oy, where he acted as CFO. Prior to that, he worked for Coronaria Hoitoketju Oy as Director. He was also a member of Finnish Industry Investments’ Management Group and responsible for direct investments in to later stage companies and direct industrial investments.
“The new planned Growth Equity fund and the team appointment of Antti Kummu reflects our growth strategy in which crucial components are launching new business areas and products. We are very pleased to welcome Antti at CapMan and to strengthen our Growth Equity team. Antti’s strong background will support our Growth Equity team’s expertise and we are now in a good position to achieve great results also in this new private equity category”, says Joakim Frimodig, CapMan’s Interim CEO.
The objective of the Growth Equity investment activities is to find unlisted target companies with strong growth potential, to make significant minority investments worth of more than one million in them and, as an active investor, to develop their value so as to achieve returns in excess of the market average. CapMan’s Growth Equity portfolio consists of six unlisted Nordic companies at the moment.
For further information, please contact:
Juha Mikkola, Managing Partner, Growth Equity, CapMan Oyj, tel. +358 50 590 0522
Joakim Frimodig, Interim CEO, CapMan Oyj, tel. +358 50 529 0665
CapMan is a leading Nordic investment and specialised asset management company. As one of the Nordic private equity pioneers we have actively developed hundreds of companies and real estate and thereby created substantial value in these businesses and assets over the last 25 years. CapMan has today 110 private equity professionals and manages €2.3 billion in assets. We mainly manage the assets of our customers, the investors, but also make direct investments from our own balance sheet in areas without an active fund. Our objective is to provide attractive returns and innovative solutions to investors and value adding services to professional investment partnerships, growth-oriented companies and tenants. Our current investment strategies cover Buyout, Growth Equity, Real Estate, Russia, Credit, Infrastructure and Tactical Opportunities. We also have a growing service business that currently includes fundraising advisory, procurement activities and fund management.