CapMan - Inside information

CapMan's subsidiary Norvestia exits Idean Enterprises Oy - another success for the Growth Equity team

CapMan Plc        Stock Exchange Release                16 February 2017 at
8.30 a.m. EET

CapMan's subsidiary Norvestia exits Idean Enterprises Oy - another success for
the Growth Equity team

Norvestia has agreed to sell its ownership in the rapidly growing Idean
Enterprises Oy to the global IT Services Group Capgemini. Capgemini will acquire
the entire share capital of Idean and the transaction is estimated to close by
the end of February. Norvestia invested in Idean in 2014 and owned 24.8 per cent
of it.

Conditional to the close, the exit contributes approx. €6-7 million to CapMan's
first quarter 2017 net result booked as a positive fair value change. CapMan
announces its first quarter 2017 result on 4 May 2017 in an interim report,
which includes a comprehensive account of factors affecting result development
for the quarter. On 31 December 2016 Norvestia's Net Asset Value (and
Shareholders' Equity) was €124.6 million. The effect of the sale on the Net
Asset Value corresponds to approx. 6 per cent in the first quarter of the year.
The exit has a significant positive effect on cash flow upon completion.
According to market practice, the final purchase price is determined in the next
two years following the exit. The parties have agreed not to disclose the
purchase price.

Idean is a global design firm that works with the world's leading companies,
helping them create long-lasting relationships with their customers, through
truly value-creating experiences. Idean's core know-how is the design of
different strategic customer and user experiences.

"Idean has been an excellent investment for us. Our goal was to take Idean's
design know-how global and in this we have succeeded well - Idean is the first
Finnish-born design company to make a breakthrough in the US. We are proud that
we have had the opportunity to co-operate with professionals of Idean. This
transaction represents a marquee deal by any metrics and proof that Idean's
know-how is highly appreciated," says Juha Mikkola, Member of the Board in Idean
and responsible for Growth Equity investments at CapMan.

"The active cooperation with Norvestia has had a significant impact on the
growth and development of our company, and we are very grateful to Norvestia for
their support. Idean has grown profitably and our team today consists of over
150 designers, technologists and strategists. A significant part of our current
customers are major global companies", summarises Risto Lähdesmäki, Founder and
CEO at Idean.

CAPMAN PLC



DISTRIBUTION
Nasdaq Helsinki
Principal media
www.capman.com



More information:
Juha Mikkola, Growth Equity, CapMan Plc, p. 050 590 0522,
juha.mikkola@norvestia.fi

Risto Lähdesmäki, CEO and Founder, Idean Enterprises Oy, p. +1 (650) 308-6288,
risto.lahdesmaki@idean.com



CapMan Plc
www.capman.com
twitter.com/CapManPE

CapMan is a leading Nordic investment and specialised asset management company.
As one of the Nordic private equity pioneers we have actively developed hundreds
of companies and real estate and thereby created substantial value in these
businesses and assets over the last 25 years. CapMan has today 100 private
equity professionals and manages €2.8 billion in assets. We mainly manage the
assets of our customers, the investors, but also make direct investments from
our own balance sheet in areas without an active fund. Our objective is to
provide attractive returns and innovative solutions to investors and value
adding services to professional investment partnerships, growth-oriented
companies and tenants. Our current investment strategies cover Buyout, Growth
Equity, Real Estate, Russia, Credit and Infrastructure. We also have a growing
service business that currently includes fundraising advisory, procurement
activities and fund management.

Idean Enterprises Oy is a Finnish-born company specialized in the design of
digital services and user experiences, whose customers include world-leading
companies in Europe, the US and Asia. Hundreds of millions of people all around
the world use the services designed by Idean. In 2016, Idean's revenue amounted
to EUR 25 million of which 70% came from international markets. Idean's studios
are located in Finland (Helsinki, Tampere), Germany (Berlin) and in the US (Palo
Alto, San Francisco, Los Angeles, Austin (TX) and New York). The company employs
over 150 people. www.idean.com


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