CapMan sells Samsa to IK's Attendo
Listed Finnish GP CapMan has sold its stake in Swedish care services business Samsa to Attendo, a listed Swedish company backed by IK Investment Partners.
The deal provides an exit for the GP's CapMan Life Science IV fund, which took a 94% stake in Samsa – then SRK Konsultation – in October 2009.
No financial details were disclosed by either party, though CapMan said in a statement the sale generated €5.8m of cashflow to CapMan's listed entity from the GP's fund investments, and added around €1.6m to its 2016 financial results.
For Attendo, the bolt-on forms part of a dual acquisition that also sees the company acquire Finnish nursing home operator Onnentäyttymys.
Previous funding
Tapping its 2006-vintage €54m CapMan Life Science IV vehicle, CapMan took a majority stake in Samsa through an MBO in October 2009.
Company
Headquartered in Uppsala, Samsa is a provider of treatment, residential care and educational services for young people with mental health and behavioural issues.
Founded in 2002, the company operates 20 facilities in Sweden and had turnover of SEK 150m in 2015.
People
CapMan – Johan Bennarsten (partner).
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