CapMan Managing Partner Johan Pålsson to depart

Gustav Hoejmark-Jensen and Rachel Lewis
11 August 2023

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Johan PУЅlsson, a managing partner in the buyout division of Finnish private equity firm CapMan, has resigned from his position and is stepping down from the firmтs management group effective immediately, according to an announcement.

Pålsson will, however, continue in his current partner role with CapMan Buyout until 10 February 2024 in order to smoothen the transition, the announcement said. He has been with the division for seven years, including six as co-managing partner based in the Stockholm office.

CapMan closed its latest buyout fund, CapmanBuyout XI, in February 2021 after two years of fundraising. It managed to raise EUR 190m, which was short of its EUR 250m target. That vehicle came seven years after the final close of its EUR 245m predecessor, CapMan Buyout X.

Buyout XI has made five deployments since inception, namely PDS Vision Group in March 2020, Pharmia in March 2021, MMSports in July 2021, Hydroware in May 2022, SARC in June 2022 and Netox in July 2022.

The sponsor said in the statement that the buyout team remains "well-resourced to continue to execute value creation for the funds under management", with Pålsson's responsibilities to be divided among the four remaining equal partners.

"I am thankful for my time at CapMan and proud of our achievements over the years. During my time as Co-Managing Partner, we have made eight new investments and 15 exits, and the portfolio companies of our latest Buyout XI fund are performing very well. I wish the team an equally prosperous future," Pålsson said in the same statement.

CapMan is targeting a doubling of assets under management by 2027, according to its latest financial reports. The firm has EUR 5bn under management: EUR 3bn of which is in the real estate sector, with only EUR 947m in private equity and credit. The firm has EUR 541m in infrastructure investments and EUR 447m in wealth management.

It also closed the second iteration of its Growth Fund on EUR 97m in November 2020 and has a special situations vehicle and a fund-of-funds in the market, according to Unquote Data.

CapMan employs approximately 180 professionals, around 130 of whom are based in Helsinki. The remainder are split between Stockholm, Copenhagen, Oslo, London and Luxembourg. It has been listed on Nasdaq Helsinki since 2001, according to its website.