CapMan Oyj (HLSE:CAPMAN) entered into an agreement to acquire Dasos Capital Oy for ?40 million on December 21, 2023. Under the terms of transaction ?35 million will be paid in shares and ?5 million of earnout based on incurred management fee turnover in 2025 and 2026. In 2022, Dasos Group?s adjusted turnover was ?4.5 million, operating profit was ?2.2 million and equity amounted to ?4.4 million.

The transaction is subject to approvals by the Finnish Competition and Consumer Authority and the Finnish Financial Supervisory Authority as well as consents from certain investors of certain funds managed by Dasos. The transaction is expected to be completed during the first half of 2024