CapMan Plc Stock Exchange Release 16 May 2016 at 3.15 p.m. EEST
Disclaimer
This press release is not an offer of any securities for sale in the United States, Canada, Japan, Australia or in any other jurisdiction where it would violate the laws of that jurisdiction or require measures other than those required under the Finnish laws. Securities may not be offered or sold in the United States absent registration under the US Securities Act of 1933 (Securities Act) or an exemption from registration. CapMan has not registered and does not intend to register any securities under the Securities Act and does not intend to make a public offering of any securities in the United States, Canada, Japan, Australia or in any other jurisdiction where offering without registration would violate the laws of that jurisdiction or require measures other than those required under the Finnish laws.
CapMan holds €100 million first close of Nordic private debt fund
CapMan Credit becomes Nest Capital and announces the €100 million first close of its new fund. Nest Capital is an independent investment partnership within the CapMan Group.
The fund will provide private debt, mainly in the form of unitranche and mezzanine, to small and medium-sized companies across the Nordic countries. The fund's private debt investments are expected to support leveraged buyouts, add-on acquisitions and expansion projects as well as refinancings and recapitalisations.
Investors in the fund include Nordic and European insurance companies, pension funds and other institutional investors as well as family offices. CapMan Plc has committed €2 million to the fund.
"The establishment of this new private debt fund is a great achievement and we see yet untapped potential in the market to develop credit products further," comments Niko Haavisto, CapMan's CFO.
"We are very pleased with the strong support from both existing and new investors and look forward to continuing to provide private debt to small and medium-sized companies in the Nordic region," comment Niklas Östborn and Felix Vilval, Partners at Nest Capital.
The Nest Capital team also advises the fully invested €95 million CapMan Mezzanine V Fund that made eight private debt investments, of which four have been successfully repaid to date.
Scala Fund Advisory advised Nest Capital on the fundraise.
For further information, please contact:
Niko Haavisto, CFO, CapMan Plc tel. +358 50 465 4125
Niklas Östborn, Partner, Nest Capital, tel. +46 702 315 751
CAPMAN PLC
Linda Tierala
Manager, Communications and IR
Distribution:
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www.capman.com
CapMan www.capman.com
CapMan is a leading Nordic investment and asset management company. For more than 25 years, we have been developing companies and real estate and supporting their sustainable growth. We are committed to understanding the needs of our customers in an ever-changing market environment. Our objective is to provide attractive returns and innovative solutions for our investors and value adding services for professional investment partnerships, growth-oriented companies and tenants. Our independent investment partnerships - Buyout, Real Estate, Russia and Nest Capital - as well as our associated company Norvestia are responsible for investment activities and value creation. CapMan's service business offering includes fundraising advisory services, purchasing activities and fund management services to both internal and external customers. CapMan has 100 professionals and assets under management of €2.7 billion.
Nest Capital www.nestcapital.se
Nest Capital is a private debt fund manager active in the Nordic region. Nest Capital advises two private debt funds with total commitments of c.€200 million. Investors in the funds include Nordic and European insurance companies, pension funds and other institutional investors as well as family offices. Nest Capital is an independent partnership within the CapMan Group.
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