CapMan sells Komas to trade

Componenta purchased the company with the issue of 60 million new shares, which equates to approximately €6.6m and represents 25% of Componenta's total share capital.

The GP made the divestment from CapMan Buyout VIII, a €440m fund that held a final close in June 2006. It hired corporate finance house Aventum Partners to conduct the sale.

Since Capman established Komas in its current form in 2012 it has grown its sales from €20m to €45m and generated EBITDA of €2m for 2018.

Previous funding
Capman originally acquired Komas in 2007 and combined it with another engineering company to create Fortaco. It then split out a new division that took on the name Komas, though this was a smaller subsidiary than the original Komas group.

Capman still holds Fortaco through CapMan Buyout VIII, which generates sales of around €230m.

Company
Komas is a manufacturer of machined components, forged blanks, hydraulic pipes and plate cuttings. At the end of 2018, the company employed 313 people in Jyväskylä, Härmä, Kurikka, Leppävesi and Sastamala. It generated EBITDA of €2m from sales of €45m in 2018.

People
CapMan – Jan Mattlin (partner); Laura Karikko (investment manager).

Advisers
Vendor – Aventum Partners (corporate finance).

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