PRINT THIS PAGE CapMan Mezzanine IV fund has second closing on €142.5 million29/12/2004. Source: AltAssets. 
 Nordic private equity investor CapMan announces the second closing of its fourth mezzanine fund, CapMan Mezzanine IV, on €142.5 million.
The fund will make mezzanine investments in middle market Nordic companies in manufacturing, service and retail industries with net sales of €50-500 million.
So far the fund has made one investment in Finnish discount store chain Tokmanni Oy. CapMan’s other recent mezzanine investments have been made in Norwegian EuroProcessing International ASA, Danish Anhydro Group, Finnish Noiro Oy and Swedish Metallfabriken Ljunghäll AB.
The structure of CapMan Mezzanine IV allows investors to participate in the fund by subscribing to listed assed backed bonds, issued by a Finnish special purpose vehicle Leverator Plc. Leverator Plc will provide a loan facility to the fund managed by CapMan Plc’s subsidiary established in Guernsey.
CapMan said it is the first private equity investor to offer a fund structure of this type in the Nordic markets.
”The new fund structure offers more flexibility to investors, who can choose to invest in listed bonds, limited partnership interests or a combination of these,” said CapMan’s CEO Ari Tolppanen.
CapMan announced it expects additional commitments from new investors to the fund before the fund’s final closing in March 2005.
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