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CapMan Oyj: CapMan completes exit from Espira

CapMan Plc Stock Exchange Release - 12 May 2014 at 15.00 p.m. EEST

CapMan completes exit from Espira

Funds managed by CapMan have completed the exit from Espira Gruppen AS as
announced on 1 April 2014.
CapMan funds sold their holdings to the Swedish education company AcadeMedia

The transaction had a positive impact on CapMan Group's result for
January-March 2014 through fair value changes from CapMan's own fund
investments. The transaction contributes some EUR 5 million in cash flow to
CapMan Group. The exit will not change CapMan's outlook estimate for 2014
given on 8 May 2014. CapMan estimates its earnings per share to improve
significantly from the level achieved in 2013 primarily due to increasing
operating profit.

Espira is one of the largest providers of pre-school services in Norway. The
majority of the investment was made from CapMan Buyout VIII fund, which
initially invested in Espira in 2008.

For additional details about the deal, please see the stock exchange release
published on 1 April 2014.

For further information, please contact:
Hans Tindlund, Partner, CapMan Buyout, tel. +47 23 23 75 72
Niko Haavisto, CFO, CapMan Plc, tel. +358 50 465 4125 (CapMan financials)

Hanna Hinkkanen
Communications Officer


Principal media

CapMan www.capman.com

CapMan Buyout is the largest mid-market private equity team in the Nordic
region, with 20 investment professionals in Finland, Norway and Sweden and 24
years of experience. The team has made a total of 77 investments and 56 exits
and its tenth fund CapMan Buyout X is currently in active investment phase.

CapMan Buyout is part of CapMan Group, a leading private equity firm in the
Nordic countries and Russia, with assets under management of EUR 3.1 billion.
CapMan has five key investment partnerships - CapMan Buyout, CapMan Russia,
CapMan Credit, CapMan Public Market and CapMan Real Estate - each of which
has its own dedicated investment team and funds. Altogether, CapMan employs
around 100 professionals in Helsinki, Stockholm, Oslo, Moscow and Luxembourg.

Espira Gruppen www.espira.no

Espira is one of the largest providers of pre-school services in Norway with
around 7,500 children in 75 pre-schools. Espira employs some 2,000 people.


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: CapMan Oyj via Globenewswire


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