CapMan invests in Havator
CapMan Buyout IX fund has invested in the Havator Group, one of the Nordic region’s leading suppliers of crane services, special transports, section assembly and harbor crane services.
Founded in 1956, Havator has operations in Finland, Sweden, Norway, Russian and the Baltic region. Following completion of the transaction, CapMan Buyout IX fund will own approximately 45 percent of the company.
In 2009, the company recorded net sales of EUR 77 million and employed over 450 people.
CapMan’s aim is to further strengthen Havator’s position on the Nordic market.
The transaction is subject to the approval of the competition authorities, and is expected to be completed in June.
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| Fund | Capman Buyout IX LP Argentum share 8.84% |
| Portfolio Company | Havator |
| Date of Transaction | 2010-05-04 |
| Transaction | Acquisition |
| Seller | |
| Buyer | |
| Size of Transaction | |
| Ind. Focus | Industrial |
| Geography | Finland |
| Stage | Small/mid-cap buyout |