Dasos Capital Oy Ltd and CapMan Plc (“CapMan”) have signed on 21 December 2023 an agreement to convert the current shareholding of Dasos Capital Oy into an indirect shareholding of CapMan via a share-for-share exchange.
“We are inspired to join forces with such a well-established and prestigious private assets house as CapMan”, says Olli Haltia, CEO and Senior Partner of Dasos. “Partnering with CapMan allows leveraging synergies between the companies and strengthening the focus on Dasos’ value creation and investment activity. Forests and all natural ecosystems are globally under pressure resulting from population growth and massively increased economic well-being. For the coming decades, we need to move on with investing into and re-building our natural capital. The demand for sustainable wood as well as for forest-based nature and carbon sequestration services is expected to increase substantially in the foreseeable future. Combining CapMan’s deeply rooted private asset experience with Dasos’ expertise will form an excellent instrument to address the widening investment opportunities in the context of forest-based natural capital.”
Partnering with CapMan targets to provide the following benefits for Dasos services:
- Ensure sufficient back-office capacities for future developments;
- Broaden the expertise available;
- Support for continuity and continuous evolution by Dasos
- Facilitate broader fund raising and services for a wider diversity of investors
Due to the nature of the share-for-share conversion, Dasos team continues as shareholders. There are no changes in the team and team will continue in the current positions, supported by additional resources.
The completion of the share conversion is subject to consents by LPs of certain funds under management, as well as CapMan’s Extraordinary General Meeting authorising the Board of Directors to resolve on the issuance of new shares.
The completion of the acquisition is also conditional on the approval by the Finnish Competition and Consumer Authority and the Finnish Financial Supervisory Authority.
The transaction is intended to be completed during the first half of 2024, following the handling by regulatory authorities and shareholder approvals.
Please see the following link https://capman.com/2023/12/inside-information-capman-plc-acquires-dasos-capital-oy-an-asset-management-company-focusing-on-sustainable-timberland-investment-and-expands-its-activities-into-natural-capital/
For further information, please contact Olli Haltia, CEO, +358 40 901 0338, olli.haltia@dasos.fi
About CapMan
CapMan is a leading Nordic private asset expert with an active approach to value creation. As one of the private equity pioneers in the Nordics, it has built value in unlisted businesses, real estate, and infrastructure for over three decades. With approx. EUR 5 billion in assets under its management, its objective is to provide attractive returns and innovative solutions to investors. An example of this are the greenhouse gas reduction targets that it has set under the Science Based Targets initiative in line with the 1.5°C scenario. It has a broad presence in the unlisted market through its local and specialised teams. Its investment strategies cover minority and majority investments in portfolio companies and real estate, as well as infrastructure assets. It also provides wealth management solutions. Its service business includes procurement services. Altogether, CapMan employs approximately 180 professionals in Helsinki, Stockholm, Copenhagen, Oslo, London, Luxembourg and Jyväskylä. It has been listed on Nasdaq Helsinki since 2001. Learn more at http://www.capman.com.
