CapMan Oyj: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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CapMan Oyj Sells Tokmanni to Nordic Capital Fund VII
CapMan Oyj (CapMan) announced that the funds managed by CapMan and the other owners of Tokmanni Group have signed an agreement to sell 100% of Tokmanni's shares to Nordic Capital Fund VII (Nordic Capital). CapMan funds' ownership in Tokmanni is approximately 52%. When closed, the transaction will transfer the CapMan Equity VII B fund into carry. The impact of the transaction on CapMan Group's financial results for 2012 is approximately EUR 1.2 million consisting of carried interest income from the CapMan Equity VII B and Finnmezzanine III B funds, as well as return on CapMan's own fund investments. The impact on CapMan Group's cash flow is approximately EUR 4.4 million. The closing of the transaction is subject to approvals by competition authorities and is expected to be finalized during the third quarter of 2012. The funds managed by CapMan made their initial investment in the discount store chain Tokmanni in the fall of 2004, when Tokmanni and the Vapaa Valinta chain merged into one group. Tokmanni has grown under CapMan's management both organically and through acquisitions. Today, the company is a discount store chain with 144 stores across the country. The turnover of Tokmanni Group has increased from EUR 150 million in 2004 to approximately EUR 650 million in 2011 and the company has more than 2,900 employees.
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