Finnventure IV, Finnventure V and Finnmezzanine II, funds managed by CapMan, have sold their shares in Sweco AB through a book building. The funds’ combined ownership in Sweco was around 9%. The funds received around SEK145m from the sale.
CapMan acquired the stake in Sweco in December 2003 when Sweco acquired the parent company of PIC Engineering from the CapMan funds and paid part of the transaction price in its own shares.
CapMan funds and company management invested in consulting and engineering company PIC in 2000. The funds made a partial exit from the investment in December 2003. The sale of the Sweco shares concludes the exit for all the CapMan funds.