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, Finnish Industry Investment 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.
“It is important that companies have access to the whole range of debt financing products that the new fund offers, in addition to traditional bank financing and the equity financing provided by private equity,” comments Riitta Jääskeläinen, Investment Director at Finnish Industry Investment.
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
Riitta Jääskeläinen, Investment Director, Finnish Industry Investment,
tel. +358 9 6803 6814
CAPMAN PLC
Linda Tierala
Manager, Communications and IR
CapMan Plc Stock Exchange Release 16 May 2016 at 3.15 p.m. EEST
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.