Nordic Capital acquires Tokmanni from CapMan

Nordic Capital acquired a 100% shareholding in the company, including CapMan's 52% stake. In March this year, it acquired Norwegian discount retailer Europris from IK Investment Partners.

CapMan has announced the transaction will put its CapMan Equity VII B fund into carry.

Previous funding
CapMan created Tokmanni in a 2004 merger of Finnish discount retailers Okman Group and Notex-Yhtiöt. It took a 60.6% stake in the newco, investing from CapMan Equity VII.

The deal was supported by senior debt from Nordea and subordinated facilities from CapMan Mezzanine Fund IV.

Company
Tokmanni, created in 2004, operates 144 discount retail stores in Finland. Based in Mäntsälä, the group employs 2,900 staff and generated a €653.9m turnover in 2011.

People
Partner Robert Furuhjelm worked on the deal for Nordic Capital. Senior partner Tuomo Raasio led the deal for CapMan. Heikki Väänänen is CEO of Tokmanni.

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