Investment Summary

CapMan and Tesi Invest In Forenom

On December 29, 2016, private equity firm CapMan and sovereign wealth fund Tesi invested in internet software and services company Forenom

Investment Highlights
  • This is CapMan’s 2nd and Tesi’s 3rd transaction in the Internet Software and Services sector.
  • This is CapMan’s 20th and Tesi’s 55th transaction in Finland.

Investment Summary

Date 2016-12-29
Target Forenom
Sector Internet Software and Services
Investor(s) CapMan
Tesi
Deal Type Growth Capital

Target

Forenom

Helsinki, Finland
Forenom is an online provider of temporary accommodation solutions and relocation services. Forenom was founded in 2000 and is based in Helsinki, Finland.

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Investor(S) 2

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 STATS #
Overall 54 of 93
Sector: Internet Software and Services M&A 2 of 4
Type: Growth Capital M&A Deals 14 of 33
Country: Finland M&A 20 of 48
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-12 Suomen Lämpöikkuna Oy

Oulu, Finland

Suomen Lämpöikkuna and its services brand LämpöLux provide turnkey window and door renovations to household customers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Elisa Polystar

Stockholm, Sweden

Elisa Polystar is a communications service provider in CEM, Big Data Analytics, Service Assurance, Network Monitoring, Service Enablement and High-Performance Testing. Elisa Polystar is based in Stockholm, Sweden.

Buy -
Investor

Tesi

Investor Investor Investor Investor Investor


Category Sovereign Wealth Fund
Founded 1995
PE ASSETS 2.4B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Tesi is a Finnish venture capital and private equity firm specializing in fund and direct investments. Tesi specifically targets minority investments in early, growth stage, and established businesses. Areas of interest include industrial, mining, software, business and consumer services, healthcare, life science, cleantech, and marine. Tesi was established in 1995 and it is based in Helsinki.


DEAL STATS #
Overall 61 of 75
Sector: Internet Software and Services M&A 3 of 3
Type: Growth Capital M&A Deals 17 of 26
Country: Finland M&A 55 of 67
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-19 Rightware Oy

Espoo, Finland

Rightware Oy is a provider of User Interface technology, serving mobile, automotive and other embedded industries with its patent pending Kanzi solution for rapid 3D and 2D user interface design and deployment.

Sell $68M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Mendor

Espoo, Finland

Mendor is a meidical products company that designs, develops and markets advanced diabetes management products and services for users. Mendor was founded in 2005 and is based in Espoo, Finland.

Sell -