CapMan: EUR 210,000, donated to the Tukikummit foundation

CapMan: EUR 210,000, donated to the Tukikummit foundation

The CapMan procurement service CaPS and its networks raised EUR 210,000 for the Tukikummit foundation

HELSINKI, 23-Oct-2017 — /EuropaWire/ — CapMan’s procurement service CaPS collaborated with Tukikummit foundation to organise a charity event on 17 October 2017. The event contained two separate parts: a lunch seminar and an advance screening of the Unknown Soldier at the Tennispalatsi cinema. The lunch seminar attracted a total of 137 people while a total of 635 people attended the advance screening of the Unknown Soldier. Invited guests primarily represented member companies of the CapMan procurement service CaPS, and supplier partners. The yield from the participation fees of the two events, EUR 210,000, was donated to the Tukikummit foundation, which gathers funds for young people in danger of being socially excluded.

The lunch seminar held during the day included keynote speeches by Sauli Niinistö, President of Finland and the Chairman of the Board of the Tukikummit foundation, Bengt Holmström, winner of the Nobel Prize in economics, and Emilia Lahti, researcher specialising into the Finnish concept of “sisu”. The keynote speeches covered many perspectives on Finnish independence in the Centenary of Finland’s independence, as well as the importance of education and community for the future of young people.

The evening event was arranged at the Tennispalatsi cinema, including an advance screening of the Unknown Soldier to celebrate Finland 100 years. The film’s director Aku Louhimies and actors Eero Aho and Jussi Vatanen were present at the screening. The high point of the event was when Sauli Niinistö, Seppo Häkkinen, Hjallis Harkimo and Johanna Arantola-Hattab, representatives of the Board of the Tukikummit foundation, were handed a cheque for EUR 210,000 from the profits of the event. The full sum of the donation will be channeled to young people in need via the Church Diaconal Fund.

“Too many children and teenagers in our country are in danger of being disadvantaged and socially excluded due to the financial situation of their families. During the ten years of its operations, the Tukikummit foundation has been able to support young people in Finland by donating more than four million euros. We are grateful for all the donations we have received and would like to thank CapMan for great collaboration. These funds allow us to support young people in pursuing different hobbies, making their daily life a bit more significant and ensuring that they remain a part of a group,” states Sauli Niinistö, President of Finland and Chairman of the Board of the Tukikummit foundation.

“As a Finnish private equity investor, CapMan wants to participate in the anniversary celebrations by promoting a good cause. CapMan wanted to organise this event to celebrate Finland’s 100th anniversary, to highlight the social significance of business life and networks in promoting important causes and, above all, to bring its networks together while raising a significant amount of funds for the important work done by Tukikummit. We want to give our heartfelt thanks to everyone who participated in the event. By working together, we can continue to achieve great things,” states CapMan CEO Joakim Frimodig.

CapMan has been collaborating with Tukikummit through its procurement service CaPS since 2014 and, with the help of its networks, the company has raised nearly half a million euros for the foundation over the past four years. The jubilee seminar and the advance screening of the Unknown Soldier are part of the celebrations of Centenary of Finland’s independence in 2017.

Additional information:
Joakim Frimodig, CEO, CapMan Plc, tel. +358 50 529 0665
Johanna Arantola-Hattab, Member of the Board of the Tukikummit foundation, tel. +358 40 536 4036
Maximilian Marschan, Business Director, CaPS, tel. +358 50 591 1282


The Tukikummit foundation was established ten years ago on the basis of Sauli Niinistö’s and Hjallis Harkimo’s shared concern for young people in danger of being excluded from hobbies and groups of friends due to the financial situation of their families. Most of the support is targeted at allowing young people to pursue hobbies in order to make the everyday life of youths more meaningful. The foundation also provides aid for purchasing school supplies and similar goods. All aid is channeled to those in need via the Church Diaconal Fund without deductions. 
The religious beliefs of the recipients are not relevant to the distribution of the aid.


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 over the past 28 years. Today, CapMan employs some 110 private equity professionals and manages €2.7 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 for investors and value-adding services to professional investment partnerships, growth-oriented companies and real-estate tenants. Our current investment strategies cover Buyout, Growth Equity, Real Estate, Russia, Credit, Infrastructure and Tactical Opportunities. Our service business currently includes fundraising advisory, procurement activities and fund management.



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