UNQUOTE

FINLAND - CapMan exits StaffPoint

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CapMan funds Finnventure Fund V, Finnmezzanine Fund II B & D and Finnmezzanine Fund III A, B & C have sold a combined 66% stake in StaffPoint, a Finnish staffing agency business, to Oy G W Sohlberg Ab, Varma and the company’s management, for an undisclosed sum.

StaffPoint is a temporary employment agency with some 18,000 workers on its books. It is based in Turku and dates back to 1971, and in its present form to the early 1990s. In 2007, it recorded EUR 87m in turnover.

In 2002 CapMan bought 75% of the business for EUR 30m, with management taking a 10% stake and the vendor, Pertti Kuismanen, maintaining a 15% holding through his investment vehicle Pertti A kuismanen Invest Oy.

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