Capman reorganises

The Helsinki-listed alternative asset manager has beefed up its management group and created new internal services and investor services units.

Capman, the Nordic private equity and real estate investor, has appointed five new members to its management group. The group is led by chief executive Heikki Westerlund and has responsibility for developing and implementing the firm’s strategy.

Kaisa Arovaara joins the group, while at the same time being promoted to chief financial officer. Arovaara joined Capman as deputy chief financial officer last year, after heading the transaction support business at Ernst & Young in Helsinki between 2001 and 2005.

Torben von Lowzow also joins the group having been recruited as a partner and member of Capman’s buyout team in Denmark. Von Lowzow has 20 years’ experience in banking and finance in Northern Europe, and was most recently chief executive of HSH Gudme Corporate Finance, the Northern European investment bank.

Also joining the group are: senior partner Kai Jordahl, deputy head of the buyout team; group human resources director Hilkka-Maija Katajisto; and legal counsel Martti Timgren.

Meanwhile, Capman has announced two new business units for investor services and internal services.

Investor services is headed by partner Jerome Bouix and has responsibility for the group’s fundraising, fund administration, investor relations, communications and product development.       

Internal services is headed by Arovaara and has responsibility for the group’s finances and administration as well as IT and office functions.

Capman has €3 billion in capital under management in its four key investment areas of buyouts, technology, life sciences and real estate. It operates out of offices in Helsinki, Stockholm, Copenhagen and Oslo.