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Provider: Reuters Investment Profile
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CapMan Oyj Sells Entire Stake in Cardinal Foods


Wednesday, 3 Apr 2013 01:45am EDT 

CapMan Oyj announced that the funds managed by CapMan and other owners of Cardinal Foods have signed an agreement to sell Cardinal Foods AS to a company formed by Swedish agricultural cooperative Lantmannen Group and private equity firm CapVest. Funds managed by CapMan own approximately 49% of Cardinal Foods' stock. The impact of the transaction on CapMan Group's result for 2013 is approximately EUR 1.9 million from carried interest income and fair value changes from own fund investments. The transaction contributes EUR 3.7 million in cash flow to CapMan Group. The transaction is subject to final approval by the competition authorities and is expected to close by July 1, 2013. 

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