BNET Industries

Last Fiscal Year Sales:$47.2M
  • Public
  • FI
Dow Jones Description

CapMan, one of the leading alternative asset managers in the Nordic countries, was founded in 1989. Its core business is private equity fund management and advisory services. The Group's parent company, CapMan Plc, is listed on Helsinki Exchanges (OMX Helsinki) since spring 2001.

CEO & Senior Partner
Heikki Westerlund
Number of Employees 141
Contact Information

Korkeavuorenkatu 32

Helsinki 00130

www.capman.com

(358) 207 207 500

NAICS Code Commodity Contracts Dealing: 523130

Recent Events

  • UPDATE 1-Belgium's GIMV to boost stake in CapMan

    8/07/09 - New Investment - View Story

News & Analysis

capman plc. - All News and Analysis

  • CapMan reports interim net loss of EUR5.1m in first half 2009

    - 2009-08-07

    NORDIC BUSINESS REPORT-7 August 2009-CapMan reports interim net loss of EUR5.1m in first half 2009C1994-2009 M2 COMMUNICATIONS http://www.m2.com Alternate asset manager CapMan plc (Helsinki: CPM) today reported an interim net loss of EUR5.1m or EUR0.08 per share for the first half of 2009, from January to June....

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  • CapMan buys a 6.22% stake in Swedish kitchen group Nobia AB

    - 2009-03-02

    NORDIC BUSINESS REPORT-2 March 2009-CapMan buys a 6.22% stake in Swedish kitchen group Nobia ABC1994-2009 M2 COMMUNICATIONS LTD http://www.m2.com Nordic investment group CapMan has acquired a 6.22% stake in Stockholm-listed kitchen company Nobia AB (Stockholm: NOBI), CapMan said on Monday (2 March). "Nobia is a leader in its...

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  • Nordic investment fund CapMan Technology 2007 acquires Danish high-tech company Danfysik ACP A/S

    - 2008-12-03

    NORDIC BUSINESS REPORT-3 December 2008-Nordic investment fund CapMan Technology 2007 acquires Danish high-tech company Danfysik ACP A/SC1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com Finland-based Nordic private equity investor CapMan Plc (OMX Helsinki:CPMBV) said on Wednesday (3 December) that its fund CapMan Technology 2007 has agreed to acquire the Danish company Danfysik...

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  • CapMan Plc reports 9-month operating profit of EUR3.3m

    - 2008-10-30

    NORDIC BUSINESS REPORT-30 October 2008-CapMan Plc reports 9-month operating profit of EUR3.3mC1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com Finland-based Nordic private equity investor CapMan Plc (OMX Helsinki:CPMBV) reported on Thursday (30 October) an operating profit of EUR3.3m on turnover of EUR27.2m for the period January-September 2008. Both operating profit and...

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  • CapMan Plc's sale of stake in Access called off

    - 2008-10-10

    NORDIC BUSINESS REPORT-10 October 2008-CapMan Plc's sale of stake in Access called offC1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com Finland-based Nordic private equity investor CapMan Plc (OMX Helsinki:CPMBV) said on Thursday (9 October) that its agreement with N+1 Group for the transfer of CapMan's 35% stake in Access Capital Partners Group...

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  • CapMan Plc sells its stake in Access Capital Partners Group S.A

    - 2008-07-25

    NORDIC BUSINESS REPORT-25 July 2008-CapMan Plc sells its stake in Access Capital Partners Group S.A.C1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com Finland-based Nordic private equity investor CapMan Plc (OMX Helsinki:CPMBV) said on Friday (25 July) that it has signed an agreement with N+1 Group for the transfer of CapMan's 35% stake...

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  • CapMan Plc to expand in Russia

    - 2008-05-26

    NORDIC BUSINESS REPORT-26 May 2008-CapMan Plc to expand in RussiaC1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com Finland-based Nordic private equity investor CapMan Plc (OMX Helsinki:CPMBV) said on Monday (26 May) that it has signed an agreement to acquire management companies of Norum Russia Fund III from the company's senior management, DnB...

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  • CapMan Plc funds sell stake in StaffPoint Oy

    - 2008-05-22

    NORDIC BUSINESS REPORT-22 May 2008-CapMan Plc funds sell stake in StaffPoint OyC1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com Finland-based Nordic private equity investor CapMan Plc (OMX Helsinki:CPMBV) said on Thursday (22 May) that its funds Finnventure Fund V and Finnmezzanine Fund II B and D as well as Finnmezzanine Fund III...

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  • CapMan Plc to build a Nordic logistics group

    - 2008-02-05

    NORDIC BUSINESS REPORT-5 February 2008-CapMan Plc to build a Nordic logistics groupC1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com Finland-based Nordic private equity investor CapMan Plc said on Tuesday (5 February) that it is building a Nordic logistics group by merging the Swedish company Globex AB and Norwegian companies Cargo Partner AS...

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  • CapMan Plc establishes new fund investing in hotel real estate

    - 2008-01-18

    NORDIC BUSINESS REPORT-18 January 2008-CapMan Plc establishes new fund investing in hotel real estateC1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com Finland-based Nordic private equity investor CapMan Plc said on Friday (18 January) that it has established a new private equity real estate fund, CapMan Hotels RE Ky, investing in hotel real...

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Decision Makers

Name (plus bio) Position
Heikki Westerlund CEO & Senior Partner
Kaisa Arovaara CFO & Head, Internal Services
Minna Lyijynen Chief Comm Officer
Pia Vilpas CFO
Sari M. Baldauf Executive Vice President and General Manager of Networks
Jan Lundahl Executive Director
Jerome Bouix Executive Director
Markku Hietala Executive Director
Petri Niemi Executive Director
Tuomo Raasio Executive Director
Hans Christian Dall Nygard Managing Director of Norum, Head of Capman Russia Investment Operations
Realprojekti Oy Managing Director
Jukka Ruuska Senior Partner, Head
Kai Jordahl Deputy Head, CapMan Buyout & Senior Partner
Petri Saavalainen Head of Capman Russia, Senior Partner
Torben Von Lowzow Partner
Henrik Winberg Commercial Director, Real Estates at Realprojekti
Hilkka-Maija Katajisto Director, HR
Lea Jokinen Director, Real Estate
Mari Reponen Communications Director
Juhani Erke Project Manager
Jukka Mertanen Project Manager
Kalle MyllymAki Real Estate Investment Manager, Capman Real Estate
Norma Holmberg Marketing Manager of Realprojekti
Riitta Parviainen Financial Manager, Real Estates
Anders BjOrkell
Ann-Lis Lubitz
Anna Ojansivu
Anne Christina Kyhn
Anneli Lautanen
Annica Hillman
BjOrn Nordenvall
Elina Aartola
Erik Berger
Espen StenumgArd
Gitte Reitz
GOran Barsby
Hans G Tindlund
Heikki Liukkonen
Helena Nikkola
Heli Rantala
Helle Lund
Henrik Tholander
Jan Dahlqvist
Jan Mattlin Investment Analyst
Janne Martola
Johan Bennarsten Head, Life Science
Johanna Lindroos Johanna Lindroos
Joona Reunanen Junior Consultant
Jorma Kajander
Jorma Konsti
Jukka Iivari
Julia Lundquist
Kari Osterlund Senior Advisor
Katharina Sandberg
Kira Mannerblom
Lars Hagdahl
Lars Hagelstam
Leena Koivisto
Liisa Nikkanen
Maija NykAnen
Malin Safwerang
Mari Huuhka
Maria Gottberg
Marjo Kankaanranta
Markus SjOholm
Martin Falkevall Martin Falkevall
Martti Timgren Head, Fund Admin
Matti Karlsson
Morten Bro
Netta Sundberg
Niina Jokinen
Niklas Ostborn Niklas Ostborn
Orvo SiimestO Senior Advisor
Pernilla WeckstrOm
Pertti MyllymAki Senior Consultant
Peter Buch Lund
Peter Langkjr
Reetta Peltonen Officer, Comm
Sanna Kinnunen
Sebastian Schauman Investment Analyst
Terhi Heinila Commercial Consultant
Timo Salminen
Timo Tiihonen
Tommi Oksanen
Tommi SeppAnen
Tommy Valther Hansen
Tuomas Lang
Vesa WalldEn
Lennart Jacobsson member

Board of Directors

Name (plus bio) Position
Ari Tolppanen Chair of Board
Olli Liitola Senior Partner and Chairman of the Board
Claes de Neergaard Board of Directors
Conny Karlsson Board of Directors
Tapio Hintikka Board of Directors
Teuvo Salminen Vice Chairman

Organization Position Status
CapMan Capital Management Ltd. CEO & Senior Partner Current
CapMan PLC CEO & Senior Partner Current
CapMan PLC Board of Directors Current
Capman, Inc. CEO Former
Sitra Project Manager Former
CapMan PLC Head, Buyout Team Former

Organization Position Status
CapMan PLC CFO & Head, Internal Services Current
Capman, Inc. Deputy CFO Former
Ernst & Young Auditor Former

Organization Position Status
CapMan PLC Chief Comm Officer Current

Organization Position Status
CapMan PLC CFO Current
Capman, Inc. Executive Assistant Former

Organization Position Status
CapMan PLC Executive Vice President and General Manager of Networks Current
F-Secure Corporation Member of the Board, Chairman of the Executive Committee Current
SanomaWSOY Board of Directors Current
CapMan PLC Board of Directors Current
International Youth Foundation Vice Chair Current
Hewlett-Packard Development Company, L.P. Hp Director Current
Global Corp Wiki Director Current
HP Thailand Director Current
Moda Joyeria Por Catalogo Director Current
Castello Systems Director Current
Western New York Computing Systems Inc. Director Current
Hewlett-Packard Company Board of Directors Current
Fortum Oyj Director Current
MacDermid, Incorporated Director Current
Nokia Corporation Executive Vice President & General Manager, Networks Business Group Former
Helsinki University of Technology doctorate degree Former
Helsinki School of Economics and Business Administration Master of Science (Business Administration) Former
Helsinki School of Economics and Business Administration Bachelor of Science Former

Jan Lundahl joined CapMan through the Swedestart acquisition in 2002 and has headed CapMan Life Science since then. Jan has extensive venture capital experience within the field of life science and a strong entrepreneurial background. His approach to portfolio companies is very hands-on. Jan has been the Chairman of both ProstaLund and Clinitrac for a number of years, and he is also a board member in several other companies.

Organization Position Status
CapMan PLC Executive Director Current
CapMan PLC Board of Directors Current
CapMan PLC Head, Life Science & Senior Partner Former
CapMan PLC Head, Life Sciences Team Former
Capman, Inc. Former

Organization Position Status
CapMan PLC Executive Director Current
CapMan PLC Partner, Fundraising & Ir Current
CapMan PLC Board of Directors Current
CapMan PLC Director, Investor Relations & Communications Former
CapMan PLC Head, Fundraising, Ir & Comm Former
Capman, Inc. Former

Markku Hietala has served as the Managing Director of Realprojekti Oy since the company was established on 1 May 2000. He has more than twenty years experience in the real estate industry.

Organization Position Status
CapMan PLC Executive Director Current
CapMan PLC Head, Real Estate & Senior Partner Current
CapMan PLC Board of Directors Current
Capman, Inc. Former

Organization Position Status
CapMan PLC Executive Director Current
CapMan PLC Head, Technology & Senior Partner Current
CapMan PLC Board of Directors Current

Tuomo Raasio joined CapMan in 1988 and has acted as the Head of CapMan Buyout since 31 March 2005. Tuomo has actively contributed in developing the working methods, shareholder agreements and various investment instruments now widely used in the Finnish private equity industry. He has broad experience in M&A and has led a number of MBO transactions at CapMan. Tuomo has also served as Chairman and board member for several portfolio companies. Prior to CapMan Tuomo worked for the Kansallis Banking Group in Helsinki and London, where he specialised in corporate finance in international capital markets. Additionally, Tuomo has participated in the listing of several Finnish companies on the Helsinki Stock Exchange.

Organization Position Status
CapMan PLC Executive Director Current
CapMan PLC Head, Buyout & Senior Partner Current
CapMan PLC Board of Directors Current

Organization Position Status
CapMan PLC Managing Director of Norum, Head of Capman Russia Investment Operations Current

Marjo Kankaanranta joined Realprojekti when the company was founded in 2000. She handles leasing and marketing operations, which are focused mainly on large shopping centre projects and commercial properties in central Helsinki. Today Marjo works as the Marketing Manager of Sello Shopping Centre in accordance with the assignment won by Realprojekti.

Organization Position Status
CapMan PLC Managing Director Current

Organization Position Status
CapMan PLC Senior Partner, Head Current
Helsinki Stock Exchange President Former

Organization Position Status
CapMan PLC Deputy Head, CapMan Buyout & Senior Partner Current
Capman, Inc. Former
Norsk Hydro ASA Former
McKinsey & Company, Inc. Former

Organization Position Status
CapMan PLC Head of Capman Russia, Senior Partner Current

Organization Position Status
CapMan PLC Partner Current

Henrik Winberg has worked as a Commercial Director, Real Estates at Realprojekti since November 2006. His responsibilities include commercial and marketing operations. Henrik Winberg has more than twenty years experience in the real estate industry. Prior joining to Realprojekti Henrik has worked for example as Managing Director at Oy City Forum Ab and as a Commercial Director at Citycon Oyj.

Organization Position Status
CapMan PLC Commercial Director, Real Estates at Realprojekti Current

Organization Position Status
CapMan PLC Director, HR Current

Lea Jokinen joined Realprojekti in January 2006 as a Director, Real Estate. Her main responsibility is to manage and develop the portfolio of CapMan Real Estate I. She has previously worked at Sponda Plc as Senior Vice President, Logistics Properties.

Organization Position Status
CapMan PLC Director, Real Estate Current
CapMan PLC Director Current

Organization Position Status
CapMan PLC Communications Director Current
CapMan PLC Communications Manager Former
Capman, Inc. Former

Juhani Erke joined Realprojekti as a Project Manager in September 2003. He is responsible for real estate development, project planning and design, zoning preparations, tenant negotiations and construction contracting among other tasks.

Organization Position Status
CapMan PLC Project Manager Current

Jukka Mertanen joined Realprojekti as Project Manager in spring 2006. Jukka has over 25 yeas record in real estate consulting. Prior joining Realprojekti he worked at Asiantuntijarakennuttajat ATR Oy as a Project Manager.

Organization Position Status
CapMan PLC Project Manager Current

Organization Position Status
CapMan PLC Real Estate Investment Manager, Capman Real Estate Current

Norma Holmberg has worked as Marketing Manager of Realprojekti since 2003. Norma's responsibilities include marketing and leasing services for owners of Realprojekti's shopping centre and commercial properties, as well as the planning and execution of marketing events and activities. Prior to Realprojekti Norma worked as a centre manager at Regus Business Centre, where she handled the centre's administrative functions as well as contract negotiations for premises and services. Before that, she has worked as a marketing and division manager at Oy Tamro Ab.

Organization Position Status
CapMan PLC Marketing Manager of Realprojekti Current
Capman, Inc. Former

Riitta Parviainen joined CapMan Real Estate as Financial Manager, Real Estates as of August 2006. Prior joining to CapMan Riitta worked for Suomen SKV Oy as Controller and VVO Kiinteistovastuu Oy as Financial Manager.

Organization Position Status
CapMan PLC Financial Manager, Real Estates Current

Organization Position Status
CapMan PLC Current
Capman, Inc. Former

Organization Position Status
CapMan PLC Current
Capman, Inc. Former

Organization Position Status
CapMan PLC Current
Capman, Inc. Former

Organization Position Status
CapMan PLC Current
Capman, Inc. Office Assistant Former

Organization Position Status
CapMan PLC Current
Lloyd's Register Quality Assurance, Inc. Assistant Former

Organization Position Status
CapMan PLC Current
Capman, Inc. Controller Former

Bjorn Nordenvall is the representative of CapMan which he joined in 2002. Bjorn has held several prominent positions in the life science sector during the past twenty years. Prior to joining CapMan he spent seven years as CEO at Oxigene, Inc., a cancer research company listed on the NASDAQ. Prior to that Bjorn has served as CEO at Sophiahemmet AB, a private hospital with private equity funding and as CEO of Carnegie Medicine AB. He has also worked for five years at the Karolinska Institute as a surgeon and research scientist. Bjorn has a PhD and is an Assistant Professor at the Karolinska Institute.

Organization Position Status
Capman, Inc. Representative Current
Karolinska Institute surgeon Current
CapMan PLC Current
Lucas CPR Board of Directors Current
Jolife Board of Directors Current
OXiGENE, Inc. CEO Former

Organization Position Status
CapMan PLC Current
Capman, Inc. Investment Manager Former
Accenture Ltd. Management Consultant Former

Organization Position Status
CapMan PLC Current
Capman, Inc. Former

Organization Position Status
CapMan PLC Current
Capman, Inc. Former
Bain & Company Former

Organization Position Status
CapMan PLC Current
Capman, Inc. Former

Organization Position Status
CapMan PLC Current
Capman, Inc. Former

Organization Position Status
CapMan PLC Current
McKinsey & Company, Inc. Former
Capman, Inc. Former

Organization Position Status
CapMan PLC Current

Organization Position Status
CapMan PLC Current
Capman, Inc. Former

Organization Position Status
CapMan PLC Current
Infocon, Inc. Former
Capman, Inc. Former

Organization Position Status
CapMan PLC Current
Capman, Inc. Former

Henrik Tholander joined CapMan in September 2006. Prior to joining CapMan Henrik worked as Analyst within the Corporate Finance Telecom team at HSBC Investment Banking in London.

Organization Position Status
CapMan PLC Current
HSBC Investment Banking Analyst Former

Organization Position Status
CapMan PLC Current
Capman, Inc. Former

Jan Mattlin joined CapMan as Investment Analyst in 2000. He specialises in industrial processes and retail. He has been involved in several buyout deals, for example: Eltel, Kultajousi, Nordkalk, Synerco, Tokmanni, Moventas and PIC Engineering. Additionally, Jan has deep knowledge of environmental protection technology and mechanical engineering.

Organization Position Status
CapMan PLC Investment Analyst Current
Capman, Inc. Investment Analyst Former

Organization Position Status
CapMan PLC Current

Organization Position Status
CapMan PLC Head, Life Science Current
European Venture Contest 2007 Current
Millicore Board of Directors Current
Silex Microsystems, Inc. Member of The Board Current
Capman, Inc. Former
Karolinska Institute MD Former
Uppsala University Master of Science In Engineering Physics Former
Karolinska Institute Master of Science degree in engineering physics Former
Karolinska Institute Degree Former

Organization Position Status
CapMan PLC Current
Capman, Inc. Former

Joona Reunanen joined Realprojekti as a Junior Consultant in May 2004, and in summer 2005 he graduated as a M.Sc. (Eng.) with a major in property management. At Realprojekti Joona participates in leasing activities and real estate marketing as well as the preparation of market and investment analyses. In his earlier positions, Joona has gained experience in commercial real estate broking, property valuation and land use consulting.

Organization Position Status
CapMan PLC Junior Consultant Current

Organization Position Status
CapMan PLC Current
Capman, Inc. Project Manager Construction Supervisor, Certified Real Estate Broker Former

Organization Position Status
CapMan PLC Current
Capman, Inc. Former

Organization Position Status
CapMan PLC Current
Capman, Inc. Former

Organization Position Status
CapMan PLC Current
Lehman Brothers Holdings Inc. Analyst Former

Kari Osterlund was nominated as Senior Advisor to CapMan in 1998. Prior to joining CapMan, Kari Osterlund served as Managing Director of Oy Star Tour Fritidsresor Ab. He also owned and managed Hassen Matkat Oy and Rantasipi Oy, of which he was the Chairman. From 1975 to 1984 Kari worked as Deputy Managing Director for the Industrialisation Fund of Finland Ltd. He is a board member in various employers' federations and companies.

Organization Position Status
CapMan PLC Senior Advisor Current
Capman, Inc. Senior Advisor Former

Organization Position Status
CapMan PLC Current
Capman, Inc. Former
Euro Ventures Former

Organization Position Status
CapMan PLC Current
Capman, Inc. Former

Organization Position Status
CapMan PLC Current
Capman, Inc. Former

Organization Position Status
CapMan PLC Current
Capman, Inc. Former

Organization Position Status
CapMan PLC Current
Capman, Inc. Executive Assistant Former

Organization Position Status
CapMan PLC Current
Capman, Inc. Former

Organization Position Status
CapMan PLC Current
Capman, Inc. Former

Malin Safwerang joined CapMan in September 2006. Prior to joining CapMan Malin worked as Analyst within the Corporate Finance Telecom, Media and Technology team at JP Morgan Investment Banking in London.

Organization Position Status
CapMan PLC Current

Organization Position Status
CapMan PLC Current
Capman, Inc. Investment Analyst Former

Organization Position Status
CapMan PLC Current
Capman, Inc. Former

Organization Position Status
CapMan PLC Current

Organization Position Status
CapMan PLC Current
Capman, Inc. Former

Organization Position Status
CapMan PLC Current

Organization Position Status
CapMan PLC Head, Fund Admin Current
Capman, Inc. Former

Organization Position Status
CapMan PLC Current

Organization Position Status
CapMan PLC Current
Capman, Inc. Former
Technical University of Denmark PhD Former
INSEAD MBA Former

Organization Position Status
CapMan PLC Current
Capman, Inc. Former

Organization Position Status
CapMan PLC Current
Capman, Inc. Office Assistant Former

Organization Position Status
CapMan PLC Current
Capman, Inc. Former
Lehman Brothers Holdings Inc. Former

Orvo Siimesto joined CapMan as Senior Advisor in 2001. He is also a long-term board member of CapMan Capital Management Oy (1993-2001). Prior to CapMan, Orvo served for three years as Managing Director at Leonia Corporate Bank Plc and Executive Vice President at Leonia Bank. Before that he has worked for 28 years in industry, as Controller for Kone and as CFO for Schauman and Ahlstrom Groups.

Organization Position Status
Capman, Inc. Senior Advisor Current
CapMan PLC Senior Advisor Current
CapMan PLC Board Member Current
Ahlstrom Corporation Cfo Former

Organization Position Status
CapMan PLC Current
Capman, Inc. Office Assistant Former

Pertti Myllymaki joined Realprojekti as a Senior Consultant at the start of 2005. He brings more than twenty years experience in commercial real estate, specializing in retail and shopping centre property management and consultancy since 1992. At Realprojekti Pertti focuses on retail property asset management and consultancy operations. He is also the head of Support Team. Pertti has worked as the managing director of Columbus and Leppavaara Galleria Shopping Centers.

Organization Position Status
CapMan PLC Senior Consultant Current
Capman, Inc. Former

Organization Position Status
CapMan PLC Current
Capman, Inc. Former

Organization Position Status
CapMan PLC Current
Capman, Inc. Senior Advisor Former

Organization Position Status
CapMan PLC Officer, Comm Current
Capman, Inc. Former

Organization Position Status
CapMan PLC Current
Capman, Inc. Former

Sebastian Schauman joined CapMan in 2006 as Investment Analyst. Prior to joining CapMan, Sebastian has held internships with Dittmar & Indrenius and Procter & Gamble Nordic.

Organization Position Status
CapMan PLC Investment Analyst Current

Terhi Heinila joined the Real Estate team in February 2006 as Commercial Consultant and her main responsibility is marketing of Sello shopping centre. She has previously worked as Managing Director of shopping centre Malmin Nova.

Organization Position Status
CapMan PLC Commercial Consultant Current
CapMan PLC Managing Director Former

Organization Position Status
CapMan PLC Current
Capman, Inc. IT Manager Former

Organization Position Status
CapMan PLC Current
Propentus Ltd. Chairman of the Board Current
Flander Technology Co. Ltd. Board Member Current
Apple Inc. General Manager Former
Capman, Inc. Senior Advisor Former

Organization Position Status
CapMan PLC Current
Capman, Inc. Former

Organization Position Status
CapMan PLC Current
Capman, Inc. Former

Organization Position Status
CapMan PLC Current
Capman, Inc. Former

Organization Position Status
CapMan PLC Current
Capman, Inc. Former

Vesa Wallden is a Senior Partner at CapMan. He holds a chairman position in several boards and is a board member in Solid Information Technology and Hantro. Wallden has previously worked at Tahoe Networks, held positions at Nokia New Ventures and Nokia Mobile Phones, most recently as Head of Technology Sales and Marketing. He also has earlier experience in sales and marketing for Sun Microsystem Inc in Finland and the US.

Organization Position Status
Capman, Inc. Senior Partner Current
CapMan PLC Current
Distocraft, Ltd. Chairman of The Board Current
Secgo Software Inc. Chairman of The Board Current
Hantro Chairman of the Board Current
Solid Information Technology Chairman of the Board Current
Flander Technology Co. Ltd. Board Member Current
Hantro Board Member Current
Flander Member of the Board Current
Solid Information Technology Board Member Current
Sun Microsystems, Inc. Former
Nokia Corporation Former
Hewlett-Packard Company Former

Ari Tolppanen joined CapMan in 1989. He served as Managing Director of CapMan Capital Management Oy from inception in 1989 until 2001, and acted as CEO of CapMan Plc between 2001 and 31 March 2005. Currently Ari is a member of CapMan's Buyout team and the Chairman of the Board of CapMan Plc. Ari has wide business experience, ranging from consumer-related international services to the manufacture and export of investment goods. He has led several mergers, acquisitions and divestment transactions and served as Chairman and board member for several Finnish and international corporations. In addition, Ari is active within the European Private Equity and Venture Capital Association (EVCA), of which he was Chairman during 2000-2001. Prior to CapMan, Ari held a series of positions at Huurre Oy, culminating as President. Before that, he was President and Partner of Oy Nordfilm Ab.

Organization Position Status
Capman, Inc. Current
CapMan PLC Chair of Board Current
CapMan PLC Member Current
CapMan PLC CEO Former
CapMan PLC Managing Director Former

Organization Position Status
CapMan PLC Senior Partner and Chairman of the Board Current
CapMan PLC CFO Former
Capman, Inc. Former
CapMan PLC Board of Directors Former

Organization Position Status
CapMan PLC Board of Directors Current

Organization Position Status
CapMan PLC Board of Directors Current

Organization Position Status
CapMan PLC Board of Directors Current

Teuvo Salminen has many years' experience in the field of finance. Since 1985 he has worked in various positions at the Jaakko Poyry Group among others as Manager of Finance and Accounting and Chief Financial Officer. Later he has been in charge of the Construction Business Group and of the Infrastructure & Environment Business Group. In 1999 Salminen was appointed to Group Executive Vice President at Jaakko Poyry.

Organization Position Status
The Accounting Manager Current
CapMan PLC Vice Chairman Current
CapMan PLC Board of Directors Current

Organization Position Status
CapMan PLC member Current
CapMan PLC Board of Directors Current
Ascade Board of Directors Current
Capman, Inc. Senior Partner Former
Uppsala University Bba Former
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