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PRINT THIS PAGE CapMan hires Jukka Ruuska, establishes fund to invest in listed companies31/03/2008. Source: AltAssets. 
Nordic private equity firm CapMan has appointed Jukka Ruuska, president of the OMX Nordic Exchanges and the Stockholm Stock Exchange, to help the firm establish an equity fund focusing on listed companies in the Nordic region. The fund will apply methods and tools from the world of private equity to public equity investing and value creation. The fund's strategy is to make controlling or influential minority investments in mid-cap companies and then, for a period of three to five years, help the company executives and other owners grow the businesses, CapMan said in a statement.
Ruuska has been president of the OMX Nordic Exchanges since 2003, when the Helsinki Stock Exchange (HEX) and the Stockholm Stock Exchange parent company OM merged. He has also been president of the Stockholm Stock Exchange since 2005.
In February 2008 he was named executive vice president of transaction services Europe in the NASDAQ OMX Group, merged in early March 2008.
Heikki Westerlund, CEO of CapMan, said, 'We are delighted that Jukka is joining CapMan and feel confident that his all-round experience in Nordic public markets will be a major advantage in heading the new public markets fund business development project.'
CapMan has four investment areas: CapMan Buyout, CapMan Technology, CapMan Life Science and CapMan Real Estate. The firm employs 120 people in Helsinki, Stockholm, Copenhagen and Oslo.
Copyright © 2008 AltAssets
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