CapMan to exit Pretax
Transaction anticipated to have an approximately EUR 1.5 million impact on CapMan Plc’s result for 2010.
The Finnventure Fund IV, Finnventure Fund V, and the Finnmezzanine Funds III A, B, and C have signed an agreement under which they will sell their approximately 30% holding in Pretax Oy to a fund managed by Sponsor Capital.
The transaction is anticipated to have an approximately EUR 1.5 million impact on CapMan Plc’s result for 2010 as a result of carried interest income received from the Finnventure Fund V. The closing of the exit requires the completion of customary closing conditions is expected to be completed by the end of the first quarter of 2010.
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| Fund | Finnmezzanine Rahasto III B |
| Portfolio Company | Pretax |
| Date of Transaction | 2010-01-07 |
| Transaction | Secondary transaction |
| Seller | |
| Buyer | |
| Size of Transaction | |
| Ind. Focus | Other |
| Geography | Finland |
| Stage | Venture |