CapMan subsidiary Norvestia sells Idean Enterprises

The exit will contribute around €6-7m to CapMan's first quarter 2017 net result booked as a positive fair value change, the firm said in a statement. The sale price was not disclosed.

Norvestia backed Idean in 2014, taking a 24.8% stake in the business.

CapMan made a €117.9m bid for fellow Finland-based investment company Norvestia in November last year, later merging the business with its own operations.

CapMan stated it had been particularly pleased with Idean's ability to grow out of Finland in order to establish a significant base in the US.

Company
Based in Helsinki and with further offices across Europe and the US, Idean is a global design firm. It employs in excess of 150 people.

People
CapMan – Juha Mikkola (growth equity investments).

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