CapMan invests in Lunawood
CapMan Technology 2007 fund has entered into an agreement to invest in Lunawood, the world’s leading producer of thermal wood.
Lunawood´s specialist thermal wood maintains its shape and dimensions in a wide range of conditions and is weather-resistant The company uses Finnish pine and spruce, which are processed using only water and heat. The resulting products offer a highly sustainable alternative to timber from tropical forests and impregnated wood. Lunawoods product is suitable for use both by industry and householders.
Lunawood exports to over 30 countries and exports account for the bulk of its sales. In 2009, sales revenue totalled around EUR 9.3 million and the company has a staff of around 50 people.
The investment will strengthen Lunawood’s position by focusing on international growth.
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| Fund | CapMan Technology Fund 2007 A |
| Portfolio Company | Lunawood |
| Date of Transaction | 2010-04-29 |
| Transaction | Acquisition |
| Seller | |
| Buyer | |
| Size of Transaction | |
| Ind. Focus | Cleantech |
| Geography | Finland |
| Stage | Small/mid-cap buyout |