CapMan’s growth fund acquires minority stake in Arctic Security

The deal marks the first investment from the GP’s first growth vehicle, the CapMan Growth Equity Fund, which held a final close on €86m in December 2017.

With the fresh capital, the firm plans to improve its global turnover and support the launch of new products. The management of the company will remain majority shareholders after the transaction.

CapMan’s growth equity fund aims to invest €2-10m into Nordic businesses that have passed the start-up phase and then partner with the founders to develop them for two to five years.

The vehicle is the GP’s first growth fund and is being built on Norvestia’s growth business model. CapMan acquired the Finnish investment firm in a €118m deal in late 2016. Juha Mikkola was head of Norvestia's growth equity team since 2011 and is now growing the business under the CapMan umbrella.

Company
Founded in 2017 and headquartered in Oulu, Finland, Arctic Security is a Finnish company specialising in threat intelligence analysis. It serves national cybersecurity centres and global companies. It employs a staff of 20, working in four countries.

People
CapMan – Juha Mikkola (managing partner).

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• Topics
• Expansion
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• CapMan