Growth Capital • Internet Software and Services

CapMan Invests In Fennoa

On October 20, 2022, private equity firm CapMan invested in internet software and services company Fennoa

Investment Context
  • This is CapMan’s 4th transaction in the Internet Software and Services sector.
  • This is CapMan’s 45th transaction in Finland.

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Investment Summary

Date October 20, 2022
Target Fennoa
Sector Internet Software and Services
Investor(s) CapMan
Deal Type Growth Capital

Target Company

Fennoa

Alavus, Finland
Fennoa develops and sells cloud-based financial administration software used by accounting firms and their customers. Fennoa was founded in 2014 and is based in Alavus, Finland.
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Investor Overview 1

Investor

CapMan

Helsinki, Finland

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 4.9B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CapMan is a private equity group focused on a variety of investments in Scandinavia and Russia. CapMan's buyout group looks to invest €20 to €70 million (€10 to €20 for mezzanine) of capital in unlisted companies generating €50 to €500 million in revenues. CapMan seeks control positions and does not have any sector preferences. CapMan was established in 1989 and has offices in Helsinki, Stockholm, Oslo, Luxembourg, and Moscow.


Deal Context for Investor #
Overall 87 of 93
Sector: Internet Software and Services 4 of 4
Type: Growth Capital 30 of 33
Country: Finland 45 of 48
Year: 2022 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-22 Niemi Palvelut

Helsinki, Finland

Niemi Palvelut is a moving and logistics services provider. The company invests in sustainability. Their entire fleet already operates on non-fossil fuels: biogas, renewable diesel or electricity. Niemi Palvelut was founded in 1981 and is based in Helsinki, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-12 Skarta Energy

Espoo, Finland

Skarta Energy develops renewable energy projects, with an initial focus on solar in Finland and a strategy to develop-to-own and becoming an independent power producer (IPP). The company has a strong pipeline of mainly solar energy projects with a combined production capacity of over 1.0 GW in various phases. Skarta Energy is based in Espoo, Finland.

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