CapMan partially exits Lumene Oy

Following the sale, CapMan funds will hold 13% of Lumene Oy, Langholm Capital's funds will hold 79%, and the company's management and other shareholders will own altogether 8%. A CapMan representative will still sit on Lumene Oy's board of directors after the sale.

The CapMan Equity VII and Finnmezzanine III funds made their initial investment in Lumene Oy in 2003, when they acquired Orion's cosmetics unit Noiro for approximately €100m. The name of the company was later changed to Lumene Group.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Viktor Lundvall on +44 20 7004 7476 or viktor.lundvall@incisivemedia.com

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