Kai Jordahl has joined CapMan to lead the Helsinki-based Nordic private equity firm’s activities in Norway.
Jordahl will join the firm as senior partner on April 1 2004, as will new investment manager Hans Tindlund. They will join Erik Berger, who joined as an investment director on 1 January 2004.
Jordahl, 43, has long experience in the Norwegian private equity market. He has spent the last five years as an investment director, firstly at Industrifinans Forvaltning and then, after its acquisition by ABN Amro, at ABN group company Alfred Berg Industrifinans. At both companies, he was responsible for private equity investments in Nordic countries.
He previously held various senior positions at McKinsey & Company, Norsk Hydro and The Norwegian Ministry of Petroleum and Energy. As well as heading up the Oslo office, Jordahl will have responsibility for buyout investments in Norway.
Berger has experience of the Norwegian venture market, having previously been a partner at TeleVenture Management and investment manager and chief financial officer at Telenor Venture VC funds. Berger, who worked in industry before switching to private equity in 1994, is responsible for technology investments in Norway.
Tindlund moves to CapMan from investment bank H&Q Norden Fondsmeglerforretning, where he was an associate director of corporate finance in the technology sector. A specialist in corporate finance and business strategy, he was previously at McKinsey & Company, UBS Warburg and Nera.
The Norwegian private equity market is less developed than in the other Nordic countries, but as a result is predicted to grow more rapidly. “Local representation in Norway fundamentally strengthens CapMan’s position as a Nordic private equity investor,” said CapMan senior partner Vesa Vanha-Honko, who was responsible for establishing the Oslo operation.
CapMan has other Nordic offices in Helsinki, Stockholm and Copenhagen. It specialises in mid-market buyouts and technology investments in the IT, telecom and life science sectors, and manages/advises funds with approximately €1.7 billion in total capital.