CapMan Buyout links fund bridge facility to ESG metrics
CapMan Buyout Press Release
2 September 2021 at 09:30 a.m. EEST
CapMan Buyout links fund bridge facility to ESG metrics
CapMan Buyout proceeds with sustainability actions by linking its fund Capital Call Bridge facility to Environmental, Social and Governance (ESG) metrics.
In line with CapMan Buyout’s commitment to sustainable value creation, a sustainability link to CapMan Buyout XI fund’s Capital Call Bridge facility has been introduced.
Starting from July 2021 the facility’s margin is linked to the performance of the fund’s portfolio companies on the following three ESG-metrics:
- Greenhouse gas emissions reporting in line with set targets
- Gender diversity in management teams and board of directors, and
- Establishment of governance policies, specifically anti-corruption.
This action is part of an established strategy to follow up on and drive change by developing ESG matters with equal focus on risk mitigation and value creation throughout the business. The linkage is the first of its kind at CapMan.
“This is a natural next step for us. By introducing this link, we are actively aligning our business and our strategy for long-term sustainable value creation in our funds and portfolio companies. From pre-deal assessment, during our ownership period and throughout the exit process, we actively work together with management in our portfolio companies to identify and implement the levers that have the largest impact on both improved ESG performance and accelerated value creation,” says Pia Kåll, Managing Partner, CapMan Buyout.
Active ownership and focus on long-term sustainable development are cornerstones in all CapMan’s investment strategies and have been so throughout CapMan’s 30-year history. CapMan became a signatory of the Principles of Responsible Investing in 2012.
CapMan Buyout has included ESG matters in quarterly reporting since 2013. Since 2019 CapMan Buyout has had fund level ESG targets in place, which have been followed up by an annual ESG survey across all portfolio companies.
The Facility is provided by Raiffeisen Bank International AG (RBI) and Danske Bank, with maturity extended to July 2023. Haynes and Boone served as legal advisor.
For further information, please contact:
Pia Kåll, Managing Partner, CapMan Buyout, tel. +358 40 766 4446
About CapMan
CapMan Buyout is part of CapMan Group, a leading Nordic private asset expert with an active approach to value-creation in its portfolio companies and assets, with assets under management of over €4 billion. CapMan has a broad presence in the unlisted market through our local and specialised teams. The investment strategies cover Private Equity, Real Estate and Infra. CapMan also has a growing service business that includes procurement services, wealth management, and analysis, reporting and back office services. Altogether, CapMan employs around 150 people in Helsinki, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are a public company listed on Nasdaq Helsinki since 2001 and a signatory of the UN Principles for Responsible Investment (PRI) since 2012. Read more at www.capman.com.