CapMan exits Malte Månson to Accent Equity

Accent is acquiring the company via Accent Equity 2017, which closed in October 2017 on its SEK 3bn (EUR 312m) target. 

The sponsor said it would continue to support the management team in further developing and broadening the company's offering in the years to come, via a statement. 

Malte Månson's management will re-invest in the transaction, which is expected to close during the spring. 

CapMan acquired an 86% stake in the company in 2014 via its 2013-vintage Capman Buyout X. There are still a handful of remaining assets in the vehicle, according to Unquote Data. These include Forenam, a Swedish serviced apartments group; Renoa, a Finnish heating systems maintenance provider; and Yrkesakademin, a Swedish vocational education company. 

The sponsor appointed MCF Corporate Finance to launch an exit of Malte Månson in August last year, with the deal expected to materialise by the end of 2022, as reported by Unquote sister publication Mergermarket. 

CapMan has decreased its exposure to private equity from around 85% of its total portfolio in around 2017 to 30% in 2022, according to its most recent statement. 

The GP is aiming to double its AUM to EUR 10bn by 2026, saying that private equity will account for 25% of its strategy, as reported. Real estate and infrastructure operations will account for 45% and 30% respectively. 

It closed its last buyout fund, CapMan Buyout XI, on EUR 190m in 2019, falling short of the EUR 250m target. It is expected to return to market in 2024 for a new growth fund, as reported. 

Company
Malte Månson is a service and repair provider for trucks and transportation vehicles in Sweden. The company’s history dates back to 1918 and currently operates 17 workshops across the country with 180 employees. In 2022 the company generated sales of c. SEK 360m (pro forma) (EUR 32m).

People
CapMan Buyout — Tobias Karte (partner).
Accent Equity — Mikael Strand (associate partner).
Malte Månson — Staffan Lindewald (CEO). 

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