CapMan builds Nordic buyout team

Following the close of its seventh fund, the Finnish firm has added to its buyout team in Sweden and Denmark.

Nordic private equity house CapMan has announced a series of appointments to its buyout team following the close of its seventh private equity fund in December.

CapMan will expand its buyout business unit in Sweden and Denmark with the appointment of a Danish senior advisor and three Swedish investment professionals. Peter Langkjaer, chairman of Danish consulting company Lisberg Management, joins the firm as a senior advisor. In the early 1990s, he was behind the successful turnaround of travel agencies Spies and Tjareborg and airline company Premiair which led to a sale of the group to Airtours. 

The three appointments at the firm’s Swedish team are Göran Barsby as investment director and Mats Gullbrandsson as investment manager. Rikard Albihn, who currently works as investment manager in CapMan’s technology team, will transfer to the buyout unit. Barsby previously worked for Ahrens Tillväxtkonsulter, and has also held a variety of international CEO positions with food packaging companies Tetra Pak and Tetra Laval. Prior to joining CapMan, Gullbrandsson worked for ABN AMRO in New York.

CapMan Equity VII, which closed in December, is the firm’s largest fund for direct investments raised by the Finland-headquartered firm, closed on E253m with two-thirds of the capital to be invested in mid-sized buyouts with the remainder dedicated to technology investments in IT and telecommunications.

The fund has already made several investments, including last month’s participation in the E270m buyout of Nordkalk, the Finnish limestone-based products producer. Other investments include a E34m investment in RGS90, the Danish waste management company and Tieturi, a Finnish provider of IT training.