CapMan builds up healthcare group

The Nordic investor has been busy in the last week with the acquisition of two Swedish healthcare companies.

CapMan, the Helsinki-listed private equity and real estate firm, has acquired Forbandsmaterial and SelefaTrade, two Swedish healthcare businesses, alongside Plena, a Swedish family group. The businesses will be merged with Finnish healthcare firm Tamro MedLab, which was bought by CapMan in July this year.

In a statement, CapMan said the three groups combined would post estimated pro-forma turnover of €200 million in 2006. No financial details relating to the deal were disclosed.    

Forbandsmaterial, which had the highest turnover of the three last year, is a wholesaler of healthcare products to local authorities and the private sector; SelefaTrade imports, markets and distributes disposable hospital products; and Tamro MedLab imports and markets healthcare products, equipment and laboratory products.
Ari Tolppanen, CapMan chairman, said the two Swedish acquisitions would complement Tamro Medlab, which has strong positions in Finland and Denmark, but only a modest one in Sweden.

The investment in the healthcare businesses has been made from CapMan Buyout VIII, which closed on €440 million in June this year, and CapMan Mezzanine IV, which closed on €240 million in March 2005.

Last week, CapMan announced the acquisition of Maintpartner, the industrial services unit of Finnish energy company Fortum, for an undisclosed sum. The firm also said last week that was selling Tiimari, a Finnish retailer, to rival Finnish retail group Leo Longlife in a deal that valued the target at €83 million.