CapMan Plc Stock Exchange Release - 31 August 2015 at 3:30 p.m. EEST
CapMan completes the sale of Cederroth to Orkla
Funds managed by CapMan have completed the exit from Cederroth Intressenter AB ("Cederroth") as announced on 15 January 2015 following approval from competition authorities. The funds sold their equity stake to Orkla Home & Personal, which is part of the Norwegian conglomerate Orkla ASA. The transaction contributes €8 million to CapMan Group's 2015 cash flow.
Additional details regarding the transaction are presented in the stock exchange release published on 15 January 2015.
For further information, please contact:
Göran Barsby, Senior Partner, CapMan Buyout, tel. +46 734 408 487
Mikael Nordin, CEO, Cederroth Intressenter AB., tel. +46 706 825 447
Niko Haavisto, CFO, CapMan Plc, tel. +358 50 465 4125 (CapMan financials)
CAPMAN PLC
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CapMan www.capman.com
CapMan is one of the European leaders in the private equity industry. 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 Credit - 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 private equity professionals and assets under management of €3.0 billion.
Cederroth www.cederroth.com
Founded in 1890, Cederroth is a manufacturer and distributor of products in the personal care, healthcare, wound care, household and first aid sectors. In each product category, the company has a number of successful brands with strong positions in highly competitive markets. Several of our products are manufactured at our own plants in Sweden, Denmark, Poland and Spain. Cederroth has approximately 850 employees and SEK 1.9 billion in net sales with Europe as our primary market. In addition to subsidiaries in six countries, we are represented in many other countries via distributors.
Orkla www.orkla.com
Orkla is a leading supplier of branded consumer goods and concept solutions to the grocery, out-of-home and bakery markets in the Nordics, the Baltics and selected markets in Central Europe, Russia and India. Orkla is listed on the Oslo Stock Exchange and has its head office in Oslo. In 2014, the Group had a turnover of NOK 30 billion, and around 13,000 employees at year-end. Orkla Home & Personal today comprises five branded consumer goods businesses, which primarily serve the Nordic region as their home market.
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