CapMan acquires Swedish Inflight Service

Funds managed/advised by CapMan will acquire the majority of Swedish Inflight Service, aleading travel retail company in the Nordic countries. The minority shareholders will be two ofthe founders, Johan Bjarke and Johan Kullander, and the management. Inflight Serviceprovides its customers and travellers with products, services and business solutions. Theinvestment in Inflight Service will facilitate the company’s further expansion in the Nordicmarket and Eastern Europe. Conny Karlsson will become the chairman of the board.The transaction will be made by a new company, and it is expected to be closed in September. Theclosing of the deal is subject to the approval of competition authorities. After the transactionCapMan funds will own 68% of the company, co-founders Johan Bjarke and Johan Kullander willown 23% and the company’s other key employees will own the remaining 9% of the company.