Investments in funds - 23.9.2010
Finnish Industry Investment Ltd has made a MEUR 15 investment in Capman Plcs fifth mezzanine fund. CapMan Mezzanine V held its first closing on 22 September at MEUR 60. The target size of the new fund is MEUR 150.
CapMan Mezzanine V will make mezzanine investments primarily in medium-sized companies in the Nordic countries. Mezzanine financing is a hybrid form of debt and equity financing, offered by both banks and private equity investors.
Although the fundraising market continues to remain challenging, mezzanine is viewed as an attractive product by many institutional investors. Mezzanine investments provide investors with an appealing risk-return profile with a combination of downside protection, regular cash flow from interest payments and an equity upside potential through access to capital gains, says Jerome Bouix, CapMan Plc's Deputy CEO and Senior Partner responsible for fundraising.
CapMan has an established position as a provider of finance to Finnish and Nordic companies. Mezzanine financing offers companies a supplementary product for financing growth, points out Industry Investments Investment Director Riitta Jääskeläinen.
- Jerome Bouix, Deputy CEO, Senior Partner, CapMan Plc,
tel. +358 40 820 8541, jerome.bouix (at) capman.com
- Riitta Jääskeläinen, Investment Director, Finnish Industry Investment Ltd,
tel. +358 50 309 2733, riitta.jaaskelainen (at) industryinvestment.com
CapMan is one of the leading alternative asset managers in the Nordic countries and Russia and manages private equity funds with approximately EUR 3.6 billion in total capital. CapMan has six investment areas (CapMan Buyout, CapMan Technology, CapMan Life Science, CapMan Russia, CapMan Public Market and CapMan Real Estate), and each of them has a dedicated team and funds. Altogether CapMan employs approximately 150 people in Helsinki, Stockholm, Copenhagen, Oslo and Moscow. CapMan was established in 1989 and its B shares have been listed on the Helsinki Stock Exchange since 2001. www.capman.com
Finnish Industry Investment Ltd is a government-owned investment company whose mission is to promote Finnish business, employment and economic growth through capital investment. Finnish Industry Investment co-invests in growth companies, directly and through funds, together with private investors. Capital investments are needed for financing growth, and for internationalisation, spin-offs, major industrial investments, and both sectoral and corporate restructurings. The targets are in all sectors. The investments of Finnish Industry Investment amount to MEUR 650. www.industryinvestment.com