Industri Kapital acquires Moventas from CapMan
CapMan has agreed to sell its stake in Moventas Oy to Industri Kapital.
Moventas supplies equipment for mechanical power transmission to energy and process industries, and also provides lifecycle maintenance. The company has more than 1400 employees situated in twelve locations.
The transaction has yet to be approved by Competition Authorities, and closing is expected to take place in the beginning of 2007. Following the transaction Industri Kapital 2004 fund will own 58 % of Moventas.
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| Fund | CapMan Mezzanine IV |
| Portfolio Company | Moventas |
| Date of Transaction | 2007-01-29 |
| Transaction | Secondary transaction |
| Seller | CapMan Mezzanine IV |
| Buyer | IK 2007 Fund |
| Size of Transaction | |
| Ind. Focus | Industrial, Energy |
| Geography | Finland |
| Stage | Small/mid-cap buyout |