CapMan Plc - Stock Exchange Release - 30 September 2015 at 9.00 a.m. EEST (Helsinki)
CapMan funds receive repayment of a vendor loan as part of the 2010 exit from Inflight Service - result impact for CapMan Plc is €1.2 million
Inflight Service, a former CapMan Buyout portfolio company, repays its outstanding vendor loan to funds managed by CapMan. As some of the funds have since transferred to carry, the impact of the transaction on CapMan Plc's result for 2015 is €1.2 million from carried interest income (net). The cash flow to CapMan Plc from the repayment is €1.9 million.
Funds managed by CapMan exited Inflight Service Intressenter AB, a leading airline retailer, in 2010. As part of the exit, a vendor loan was granted to the buyer. The repayment of the loan was completed yesterday on 29 September 2015.
Holders of the vendor loan were CapMan Equity VII and Finnmezzanine III generation funds, which are in carry, as well as the CapMan Mezzanine IV fund.
For further information, please contact:
Göran Barsby, Senior Partner, CapMan Buyout, tel. +46 734 408 487
Niko Haavisto, CFO, CapMan Plc, tel. +358 50 465 4125 (CapMan Financials)
CAPMAN PLC
Linda Tierala
Manager, Communications & IR
DISTRIBUTION
NASDAQ OMX Helsinki
Principal media
www.capman.com
CapMan www.capman.com
CapMan is one of the European leaders in the private equity industry. 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 entrepreneurial investment partnerships - Buyout, Real Estate, Russia and Credit - 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 private equity professionals and assets under management of €3.0 billion.
Inflight Service www.inflightservice.se
Inflight Service Europe AB is a leading airline retailer and the company's innovative services are employed by many airlines, ferry & cruise lines and airport shop operators in the Nordic and Baltic regions.
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