CapMan appoints Joakim Frimodig as CEO

HELSINKI, 06-Sep-2017 — /EuropaWire/ — Interim CEO and Deputy CEO of CapMan Joakim Frimodig has been appointed CEO of CapMan as of 1 September 2017. Frimodig has acted as Interim CEO from 4 May 2017. Earlier he has been responsible for strategic growth initiatives at CapMan since April 2016.

“In his role as Interim CEO, Joakim has proved his talent to lead the company in the right direction in accordance with the company’s strategy and we are extremely pleased with this appointment. Joakim has also had a central role in executing the recent growth initiatives and development of CapMan. We believe that Joakim has the best abilities to develop the company in the desired direction,” says Andreas Tallberg, Chairman of CapMan’s Board of Directors.

“The recent development in our results have been strong and we have seen positive development in most of our business areas. Furthermore, the actions in implementing our new growth strategy are now starting to materialize. In the position of CEO I look forward to continue developing CapMan towards the leading private equity investment and asset management company in the Nordics,” says Joakim Frimodig, CapMan’s new CEO.

For further information, please contact:
Andreas Tallberg, Chairman of the Board of Directors, CapMan Plc, tel. +358 40 700 2252
Joakim Frimodig, CEO, CapMan Plc, tel. +358 50 529 0665

SOURCE: CAPMAN PLC

CapMan is a leading Nordic investment and specialised asset management company. As one of the Nordic private equity pioneers we have actively developed hundreds of companies and real estate and thereby created substantial value in these businesses and assets over the last 25 years. CapMan has today 110 private equity professionals and manages €2.3 billion in assets. We mainly manage the assets of our customers, the investors, but also make direct investments from our own balance sheet in areas without an active fund. Our objective is to provide attractive returns and innovative solutions to investors and value adding services to professional investment partnerships, growth-oriented companies and tenants. Our current investment strategies cover Buyout, Growth Equity, Real Estate, Russia, Credit, Infrastructure and Tactical Opportunities. We also have a growing service business that currently includes fundraising advisory, procurement activities and fund management.