CapMan sells InfoCare
CapMan has sold its majority stake in InfoCare, a Norway-based IT services and electronic equipment manufacturer, to Norwegian family-owned investment company Katalysator.
The deal ends a 13-year holding period for the Helsinki-headquartered GP, and marks the sixth transaction by CapMan Buyout funds within the last eight months.
Previous funding
CapMan acquired a 67% stake in InfoCare in July 2005, while founder and CEO Helge Briseid Risnes and the management team held the remaining shares.
The GP signed a deal with Segulah to merge InfoCare and Segulah's Powermill Service to form the newco InfoCare. Capman took a 60% stake in the new business.
Company
Based in Kristiansand, Norway, and established in 1986, InfoCare operates as the provider of on-site support, workshop repairs and spare parts for IT companies. The firm has additional offices in Finland, Denmark and Sweden.
The company recorded net sales of around €90m in 2017 and employs a staff of 870.
People
CapMan – Hanna Ideström (investment director).
InfoCare – Kjell Magne Leirgulen (CEO).
Advisers
Equity – Bridgehead (corporate finance).
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