CapMan has sold its subsidiary JAY Solutions
CapMan became the majority owner of JAY's business following the acquisition of wealth advisory, analytics and reporting company
The debt and cash free total consideration for JAY was MEUR 8.5, including a MEUR 0.5 additional consideration, if JAY reaches operating targets as agreed together with the buyer. CapMan's ownership in JAY prior to the transaction was 60%.
The new ownership structure accelerates the execution of JAY's internationalisation strategy and service offering to other Nordic countries, especially
"There is clear demand for independent reporting, analytics and data management services. The transaction enables an accelerated development of our service offering, which will be evident to our customers as improved and even more versatile services," says JAY's Managing Director
"In just a few years, JAY has grown from a support function into a strong and independent business. I'm pleased that the company now has a new home where to continue its trajectory," says CapMan's CEO
The transaction does not impact JAY's customer relationships or operations and all existing employees continue with JAY. The transaction does not affect CapMan's other business areas.
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About JAY Solutions
JAY offers consolidated information about investment wealth in order to support decision-making and provide reporting services. Its clients are banks, institutional investors, asset managers and high-net-worth individuals.
About CapMan
CapMan is a leading Nordic private asset expert with an active approach to value creation. We offer a wide selection of investment products and services. As one of the Nordic private equity pioneers, we have developed hundreds of companies and real estate assets and created substantial value in these businesses and assets over the past 30 years. With over E5 billion in assets under management, our objective is to provide attractive returns and innovative solutions to investors. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover Private Equity, Real Estate and Infra. We also have a growing service business that includes procurement services. Altogether, CapMan employs around 190 people in
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