FINLAND - CapMan sells Solid to IBM

CapMan invested EUR 11.7m alongside Apax Partners in Solid Information Technology in 2004 in a third financing round to continue to support growth of the business. At the time of CapMan’s first investment, it was anticipated that the business would be exited through an IPO. Solid received its first round of funding in 1997 and also attracted $55m at the end of 2000 from Apax, Bank Boston and Conventum.

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