CapMan completes its largest transaction

Finnish venture firm CapMan has taken a 40 per cent stake in Danish waste management company RGS90, the firm’s largest investment in the Nordic region to date.

Finnish private equity group CapMan has invested DKK250m (E33.65m) in Danish waste management company RGS90. It is the firm's largest investment in the Nordic region to date.

RGS90 provides industrial waste management including treatment and depositing of soil, delivery of recycled materials, environmental consulting and decentralized treatment of waste material. The company is organized in three divisions and employs 250 people.

The investment gives CapMan a 40 per cent stake in RGS90 which has an annual turnover of around DKK550m (E74m). RGS90 is among the leading providers of industrial waste management in Denmark, one of Europe’s foremost countries for construction and demolition recycling.

CapMan’s largest transaction this year prior to the RGS90 deal was the acquisition of its Swedish counterpart Swedestart Management, when it paid E17m to acquire the venture capital firm. The firm is currently raising its latest fund, CapMan Equity VII, which will be the firm’s seventh fund targeting investments in the Nordic region.