CapMan acquires temp housing manager Forenom

The buyout sees CapMan take a majority stake in Forenom by tapping its 2012-vintage, €245m CapMan Buyout X fund for equity.

Forenom is the first investment made through the GP's 10th fund since 2014. The transaction is expected to close on 31 December 2016, subject to competition authority approval.

Company
Founded in 2000, Forenom is a provider of temporary housing in the Nordic region.

The company manages around 3,200 furnished apartments, multiple apartment hotels and hostels across the Nordic countries. Its customers include private individuals and corporations.

Forenom employs 260 people and projects €60m of revenue in 2016.

People
CapMan – Pia Kål (partner).
Forenom – Johannes Kangas (CEO).

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• Topics
• Buyouts
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• CapMan
• Finland