
CapMan exits Holiday Club Finland
Funds managed/advised by CapMan and Procurator Oy will sell their ownership in Finnishleisure travel service company Holiday Club Finland to London & Regional Properties (L&R),one of the biggest owners of hotel properties in Europe. The transaction value is approx. EUR 120m and the deal expected to be finalized by mid-August. The transaction is subject tocertain authority approvals and consents. The exit will impact CapMan Plc’s result for 2005 byapprox. EUR 0.3m as a result of carried interest income received from Finnventure Fund I.
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