CapMan exits Spintop

Helsinki-headquartered alternative asset manager Capman has announced the sale of its stake in Swedish IT company Spintop Netsolution to Atea Sverige, a Swedish provider of infrastructure solutions and products and part of the Nordi Ementor group, for an undisclosed sum.

The exit will not impact on CapMan’s result for 2008 as the exiting funds CapMan Equity VII A, C and Sweden have not yet begun to carry.

CapMan’s investment director, Julia Reuszner, said: “The company is now ready for its next step and has a strong strategic fit with Atea-Ementor, where it can benefit from Ementor’s large geographic scope.”

SpinTop and Atea Sverige are Swedish based IT companies that both specialise in delivering products and services which streamline the client’s IT infrastructure management. The Capman funds invested in Spintop in May 2006.

This is the second exit Capman has made in 2008. In May, the Nordic buyouts house sold its investment in Staffpoint, Finlands market-leading recruitment agency.