New shareholders in Noiro Oy

The funds managed/advised by CapMan and pan-European private equity investor Langholm Capital LLP have formed an agreement, according to which Langholm will become a minority owner of Noiro Oy with an ownership share of about 34%. The internationalisation of Noiro's ownership base supports the company's growth strategy outside the Nordic countries and brings additional strategic and financial resources for the development of the company. CapMan funds acquired Noiro from Orion Corporation, a listed Finnish pharmaceutical company in September 2003 (November 2003, page 28). Noiro is Finland's leading cosmetics company and its brands include Lumene, Cutrin, Herbina and Farmos among others. The ownership arrangement between CapMan funds and Langholm will be implemented by syndicating the funds' investment in Noiro with Langholm. Noiro's owners comprise also some of the company's top management and members of the Board. The arrangement does not have an effect on company personnel.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Nordics