CapMan : Buyout sells Esperi

CapMan Plc        Stock Exchange Release                27 May 2016 at 9.30 a.m. EEST

CapMan Buyout sells Esperi

Funds managed by CapMan have agreed to sell their holdings in Esperi Care Oy. The transaction generates €6.1 million in cash flow to CapMan Plc and its result impact for 2016 is €1.4 million due to positive changes in fair value of own investments that have not yet been booked during the course of the investment. The transaction is subject to approval from the Finnish Competition and Consumer Authority and is expected to be completed during summer.

Esperi is a leading Finnish social care company that offers residential care services to seniors and clientele with special needs. Esperi serves both the public sector and private individuals nationwide.

"We are very pleased with our investment in Esperi. During our ownership Esperi has grown into a national leader in its field while emphasising quality of service and developing new social care concepts and approaches for residential care. During our involvement Esperi has created several new jobs and invested in a knowledgeable staff, which is the key to sustainable growth.  Consolidation in the private social care sector continues and now the timing is perfect for a new owner to take over," comments Markus Sjöholm, senior partner of CapMan Buyout and Chairman of the Board of Esperi.

Funds managed by CapMan invested in Esperi in 2010. During CapMan's ownership Esperi's capacity has grown from less than 1,000 to 3,700 residents while turnover and number of employees has increased fourfold to €160 million and 4,000 professionals, respectively. The strong growth is both organic and due to acquisitions. In the past few years, the company has strengthened its position in the residential care sector while disposing of business outside of the core strategy.

"CapMan has been an active and inspiring owner and cooperation has been excellent in general. Together we have laid a solid foundation, on which to continue creating growth," comments Marja Aarnio-Isohanni, CEO of Esperi Care Oy.

Funds managed by CapMan own 76.4% of Esperi. At closing, ownership in Esperi is transferred to the investment company ICG, pension insurance company Etera and Esperis' active management.

For more information, please contact:
Markus Sjöholm, Senior Partner, Head of CapMan Buyout, tel. +358 40 50 80 121
Niko Haavisto, CFO, CapMan Plc, tel. +358 50 465 4125
Marja Aarnio-Isohanni, CEO, Esperi Care Oy, tel. +358 400 694 340

CAPMAN PLC
Linda Tierala
Manager, Communications & IR

Distribution:
Nasdaq Helsinki
Principal media
www.capman.com

CapMan www.capman.com
CapMan is a leading Nordic investment and asset management company. 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 Nest Capital - 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 professionals and assets under management of €2.7 billion.

Esperi Care Group www.esperi.fi
Esperi offers homely, versatile living services for the elderly, the disabled and those in rehabilitation. We collaborate with over 150 Finnish municipalities, and have over 3,700 places for inhabitants all around Finland. We provide employment for 4,000 professionals in the field of social and health care services, and our revenue in 2016 was over €160 million.

ICG www.icgam.com

ICG is a specialist asset manager with a 27-year history in private debt, credit and equity. We have invested in the Nordic markets for over 25 years, and combine flexible capital solutions, local access and insight with an entrepreneurial approach. ICG has €21.6bn of assets under management globally). We are listed on the London Stock Exchange (ticker symbol: ICP), and regulated in the UK by the Financial Conduct Authority (FCA).