CapMan Plc has established its fifth mezzanine fund CapMan Mezzanine V.
The new vehicle, which will invest in mid market companies based in the Nordic region and controlled by CapMan Buyout IX fund, has that has held its first closing at €60m. Its target size is at €150m.
The portfolio companies typically have enterprise values of €50m to €250m and the mezzanine investments range in size from approximately €10m to €20m per company.
Helsinki Stock Exchange-listed CapMan Plc, which employs approximately150 people in Helsinki, Stockholm, Copenhagen, Oslo and Moscow, has committed €5m to the fund.