FINLAND - CapMan floats Savcor

Savcor Group Ltd, a business supported by mezzanine supplied by a CapMan-managed fund, has floated on the Australian Stock Exchange. The issue of 39% of the shares raised approximately AUS $111m for the Finland-based surface coating and protection technology company. The Savcor family retain the balance of the company's equity. Following the IPO, Savcor will repay its mezzanine and equity loans to Finnmezzanine Fund III A, which is managed by CapMan.