MQ Holding AB, part of CapMan´s a portfolio, has applied for listing of the company’s shares on NASDAQ OMX Stockholm exchange. In connection with the listing, CapMan funds intend reducing their shareholdings in the company.
MQ Holding AB is one of Sweden’s leading players in fashion brands for women and men with 106 stores and a product portfolio comprising both its own and external brands. CapMan funds made their initial investment in MQ in 2006 with the primary objective of transforming MQ from a network of independent retailers to a fully integrated retail business and to improve its efficiency. Together with the company’s management, CapMan has substantially strengthened MQ’s competitive edge and corporate culture and provided a solid platform for continued profitable growth.
The expected first trading day on NASDAQ OMX Stockholm will be on the 18th of June, 2010. The CapMan funds’ intended partial exit from MQ Holding AB will not affect CapMan Plc’s result for 2010 as the funds involved are not yet generating carried interest.