CapMan sells majority in Moventas to Industri Kapital


CapMan Plc Stock Exchange Release 29 January 2007 at 9.00 a.m.


CapMan sells majority in Moventas to Industri Kapital

The funds managed by CapMan and Industri Kapital 2004 fund have signed an
agreement according to which CapMan funds will sell the majority of their
shareholding in Moventas Oy to Industri Kapital. CapMan Plc is a substantial
investor in the CapMan Equity VII fund that will partially exit from Moventas and
the impact of the transaction on CapMan's result for 2007 is EUR 1.5 million as a
result of fair value gains of the fund investment. Fair value gains totalling EUR
1.0 million from the increase in Moventas' value were entered also in CapMan's
result for the last quarter of 2006.

Moventas Oy is a leading manufacturer of industrial and wind turbine gears as
well as provider of gear maintenance and service. The announced transaction is
subject to approval from competition authorities and it is expected to be closed
in the first quarter of 2007. Industri Kapital 2004 fund will make the
transaction on behalf of a new company, and following the transaction it will own
58% of Moventas, Varma will own 4%, the management 22% and CapMan funds 16%.
CapMan's representative will continue in Moventas' Board of Directors after the
closure of the transaction.

In connection with the transaction CapMan Mezzanine IV and Finnmezzanine III
funds will exit from Moventas in total. CapMan funds invested in Moventas in
April 2005, when they acquired the then Metso Drives from Metso Corporation. The
funds' ownership in Moventas was 77% prior to the transaction, Varma's ownership
was approx. 17% and the management's share was approx. 6%. The investment has
been very good for the investors in funds managed by CapMan, as the realisation
has an approx. fourfold return on investment to investors.

"The strong technical knowledge and good customer relationships built during
Metso's ownership have created solid ground for Moventas' rapid growth and
improved profitability. During CapMan's ownership the increase in sales has been
very fast especially in wind turbine gears. The company has made significant
investments, and the current capital expenditure program aims at doubling the
volumes. The announced transaction is a natural step in the development of
Moventas," comments Orvo Siimestö, Senior Advisor at CapMan.

"We are delighted to be acquiring Moventas, which benefits from a leading
position as an independent major wind gear manufacturer with a strong position in
selected industrial market segments. We are looking forward to working with the
management team and CapMan, to bring the company to its next stage of
development. We will continue organic expansion by leveraging Moventas' unique
position, focusing on supporting the company in enhancing operational excellence
and in particular on improving customer services. We will also pursue acquisition
led growth," says Michael Rosenlew, Partner at Industri Kapital.

"We clearly see this change as further enhancing our capabilities in capturing
the future market potential in both business areas, Wind Gears and Industrial
Gears. Along with our expertise and ongoing significant investments, the new
ownership base will provide us with additional strength for pursuing growth in
the future," states Ilkka Hakala, President and CEO of Moventas.

Press Conference:
We would like to invite the media and analysts to a Finnish press conference
today, 29 January 2007 at 11.00 a.m. in CapMan's headquarters, address
Korkeavuorenkatu 32, Helsinki. CEO Heikki Westerlund and Senior Advisor Orvo
Siimestö from CapMan, Partner Michael Rosenlew from Industri Kapital and
President and CEO Ilkka Hakala from Moventas will be present at the event. The
presentation will be shown on CapMan's Internet pages when the press conference
has commenced.  

For further information, please contact:
Orvo Siimestö, Senior Advisor, CapMan Buyout, tel. +358 40 562 0317
Heikki Westerlund, CEO, CapMan Plc, tel. +358 9 6155 8304 or +358 50 559 6580
Michael Rosenlew, Partner, Industri Kapital, tel. +46 8 678 95 25
Ilkka Hakala, President and CEO, Moventas Oy, tel. +358 20 184 7600


CAPMAN PLC


Jerome Bouix
Partner
Fundraising, IR and Communications


DISTRIBUTION
Helsinki Exchanges
Principal media
www.capman.com



CapMan
CapMan, one of the leading private equity investors in the Nordic countries,
manages Nordic buyout, mezzanine, technology, life science and real estate funds
with approximately EUR 2.6 billion in total capital. Each investment area has a
dedicated team and altogether CapMan employs around 100 people in Helsinki,
Stockholm, Copenhagen and Oslo. Established in 1989, CapMan has strong experience
as a fund manager and as a partner for investors and entrepreneurs. To date
CapMan has made over 150 Nordic investments and over 90 exits. The current
portfolio encompasses over 60 companies with an aggregate turnover of approx. EUR
2.5 billion and aggregate personnel of 17,000 people. The latest investments are
made in Finnish Komas Oy, Danish ScanJour A/S, Swedish QuickCool AB and Norwegian
InfoCare ASA. In addition, CapMan has invested in 23 commercial properties in the
Helsinki metropolitan area. CapMan has announced the sale of 22 properties to an
international investor group and the transaction is expected to be closed by the
end of January 2007. The B shares of CapMan Plc are listed on the Main List of
the Helsinki Stock Exchange since 2001. www.capman.com

Moventas
Moventas, formerly Metso Drives, is one of the leading experts in mechanical
power transmission. The company designs, manufactures and markets mechanical
power transmission solutions and services for the process and energy industries.
In 2006, the company generated net sales of EUR 207 million, growth of  25%
compared to the previous year. The company has close to 1,000 employees in
Finland, Germany, Sweden, Canada, the USA and Singapore. For more information:
www.moventas.com

Industri Kapital
Industri Kapital is a European private equity firm with Nordic roots, managing
close to 4 billion euros in fund commitments. Since 1989, Industri Kapital has
acquired 61 European companies. The current portfolio encompasses 23 companies
with a total turnover close to 8,5 billion euros. Industri Kapital invests mainly
in mid-sized companies with strong cash flow and profit improvement potential,
operating in mature industries with fundamental underlying growth.Current
investments in Finland include Tradeka, Dynea, Eltel Networks and CPS Color.
Previous IK investments in Finland include Enermet Group and Consolis, Paroc,
Noviant and KCI Konecranes. For further information: www.industrikapital.com