Bird & Bird advises CapMan and management on the divestment of service business CaPS

International law firm Bird & Bird advised CapMan Plc and CaPS management on the divestment of service business, CapMan Procurement Services (CaPS) Ltd. The transaction, valued at €75 million, is set to close on October 31, 2024.

CapMan is a leading Nordic private asset management company with an active approach to value creation and €5.8 billion in assets under management. The transaction aligns with CapMan’s strategic focus on enhancing its core business of private asset fund management. In addition, the transaction will significantly enhance CapMan’s earnings, liquidity, and overall financial stability. Following the transaction, CaPS’ key personnel will reinvest a considerable amount of the proceeds back into the business, driving future growth for CaPS. 

Bird & Bird partners Jori Taipale and Iina-Mari Supperi comment: “This transaction is another prime example of our cross-border capabilities in the Nordics. The synergy between our Finnish and Swedish teams exemplifies our commitment to delivering top-tier legal services to our clients. We are truly delighted to have assisted CapMan and CaPS in achieving their strategic goals.”

Atte Rissanen, CFO at CapMan, comments: “The collaboration with Bird & Bird was exemplary. Their expertise and dedication were instrumental in navigating the complexities of this transaction. We appreciate their strategic guidance and seamless execution throughout the process.” 

Maximilian Marschan, Managing Partner of CaPS, adds: “A heartfelt thank you to Jori, Iina-Mari and the team at Bird & Bird for their excellent work on this transaction, which was an important milestone for us on our growth journey. Bird & Bird’s ability to handle complex legal matters with ease ensured a successful transaction, and we are very pleased with the outcome.”

Bird & Bird’s cross-border team for this transaction included partners Jori Taipale (corporate), Iina-Mari Supperi (corporate), Mårten Willamo (corporate), Henri Kaikkonen (intellectual property), Ville Alahuhta (tax), Maisa Nikkola (employment), Counsels Vuokko Rajamäki (capital markets), Lukas Holmberg (corporate), Tomi Luukkainen (employment), Jussi Herrainsilta (employment), and associates Riku Rauhanen (commercial), Matias Vikström (tax), Johanna Salonen (employment), Marla Melin (corporate), Rondy Stenman (corporate), Elina Kaartinen (tax), Juhani Vuento (corporate), Niilo Salminen (commercial) and Jennika Sucksdorff (intellectual property).

 

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