CapMan invests in B&B Tools
CapMan has invested in Nordic industrial tools producer B&B Tools AB to hold 6% of the outstanding shares.
The share price at the time of announcement was SEK 106.5, which would value the investment at approximately SEK 180m. CapMan's shareholding also represents 4.5% of the votes in the company.
Equity for the transaction was provided by CapMan Public Market Fund, which raised €138m at final close in August 2009.
Company
B&B Tools AB is based in Stockholm and is a supplier of consumables, industrial components and related services. The company is listed on NASDAQ OMX Nordic Exchange in Stockholm.
Founded in 1906, the group today generates revenue of SEK 7.9bn and employs approximately 2,800 people.
People
Joakim Rubin worked on the deal for CapMan.
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