CapMan has established its fifth mezzanine fund, CapMan Mezzanine V.
The fund has held its first closing at EUR60m and will invest in mid market companies in the Nordic region.
"The first closing means that we are now able to start the fund’s investment operations and to take full advantage of the strong deal flow that we are currently seeing as a result of CapMan Buyout’s extensive coverage of the Nordic market. We look forward to continuing our mezzanine investment strategy of supporting Nordic mid market companies," says CapMan Buyout’s mezzanine director Niklas Östborn.
Since the foundation of its mezzanine investment activities in 1995, CapMan Buyout has invested the capital of four mezzanine funds in 49 mid market companies. The portfolio companies typically have enterprise values of EUR50m to EUR250m and the mezzanine investments range in size from approximately EUR10m to EUR20m per company.
CapMan Mezzanine V will make mezzanine investments primarily in Nordic companies controlled by CapMan Buyout IX fund. The target size of the new fund is EUR150m.
CapMan Plc has committed EUR5m to the fund.
