Funds managed by CapMan and Helmet Capital have realised their investment in jewellery retailer Kultajousi Oy. The funds have sold their entire holding in Kultajousi’s parent company Goldhold Oy to Swedish jewellery retailer Iduna Group. Return details on the transaction were undisclosed.
CapMan funds Finnventure V, Finnmezzanine II D and Finnmezzanine III A, B and C invested in Kultajousi in 2001 as part of an investor consortium including Carel Capital and Helmut Capital. Financial details of the transaction were undisclosed. Prior to the exit, CapMan funds’ holding in the company was 40% and Helmet fund’s 11%. Kultajousi’s turnover in 2005 totalled €31.1m and the company employs about 230 people.