CapMan exits Espira

The deal saw CapMan, which owned 92% of the business, and management fully exit their stakes in the company. The transaction is expected to complete during Q2 2014.

CapMan invested in Espira in 2008, mainly via CapMan Buyout VIII, which owns close to an 85% stake in Espira. Two other CapMan vehicles own the remaining 7%.

During CapMan's holding period, Espira's operations have grown from 36 to 75 pre-schools, and the business established a pipeline of new pre-schools to be launched over the coming years.

Company
Based in Oslo, Espira is a provider of pre-school services in Norway, catering to around 7,500 children in 75 pre-schools. Its business concept is to provide pre-schools around a comprehensive pedagogical framework with a high level of service. With 2,000 employees, the company had a turnover of close to €140m in 2013.

People
Hans Tindlund is a partner at CapMan and was responsible for the investment.

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