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Capital Markets, M&A & Private Equity / 30 Dec 2016

Borenius advised CapMan Plc in connection with the successful EUR 118 million tender offer of Norvestia Plc

We advised CapMan Plc in the recommended voluntary public share exchange offer for Norvestia Plc shares. Both of the companies are listed on Nasdaq Helsinki Ltd’s main list and the offer consideration consisted of CapMan’s listed shares. The exchange offer was initially announced on 3 November 2016 and thereafter declared unconditional on 19 December 2016. Following the execution of the offer, CapMan has over 90% of the votes and shares in Norvestia and the right to redeem the rest of the minority shares in the company. CapMan considers that the combination with the public investment company Norvestia will strengthen CapMan’s position as an international private equity investment and asset management company.
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