Funds managed by the private equity group CapMan, based in Helsinki, have now exited from the Finnish discount store chain Tokmanni Group as, in late May, it was announced that they would. CapMan funds sold their equity stakes in Tokmanni to Nordic Capital Fund VII.
Funds managed by CapMan have completed the exit from the Tokmani Group as announced on 24 May 2012. CapMan funds sold their equity stakes in Tokmanni to Nordic Capital Fund VII. The exit transfers the CapMan Equity VII B fund into carry.
The impact of the transaction on CapMan’s current year financial result is approximately €1.2 million consisting of carried interest income and return on CapMan’s own fund investments. The impact on CapMan Group’s 2012 cash flow is approximately €4.4 million.
After the closing of the transaction, the CapMan Equity VII A and CapMan Equity Sweden KB funds have returned their total paid-in capital to investors and are closer to carry. Four companies remain in the CapMan Equity VII B fund