CapMan, a Nordic private equity firm, has reduced its holding in Access Capital Partners, the French fund of funds manager it founded in 1998. This transaction is about giving [Access Capital Partners] a good platform to develop the company further and motivate the management. Vesa Vanha-Honko, senior partner, CapMan
CapMan has sold 12.5 percent of its shares in Access Capital Partners to management for an undisclosed sum. The Nordic firm reduced its shareholding from 47.5 percent to 35 percent, with management holding the remainder.
Vanha-Honko pointed to Access Capital Partners’ current fundraising for its €250 million ($314 million) targeted buyout fund of funds and its third European technology venture capital fund of funds, along with a number of promotions, as evidence of its current development.
CapMan founded Access Capital Partners alongside managing partner Dominique Penninon, formerly at Rothschild, Natexis and BNP Private Equity; and partner Agnès Nahum, previously at CDC and Natexis and BNP Private Equity. CapMan’s chief executive Ari Tolppanen is chairman of Access Capital Partners’ supervisory board, while Vanha-Honko is one of its members.
This transaction is about giving [Access Capital Partners] a good platform to develop the company further and motivate the management.
Vesa Vanha-Honko, senior partner, CapMan
In separate news, CapMan and Finnish investor Helmet Capital have sold their respective 40 percent and 11 percent stakes in Helsinki-based jewellery retailer Kultajousi Oy for an undisclosed sum.