CapMan Special Situations invests in Edita Prima
CapMan Special Situations Press Release
29 October 2024 at 15:00 EET
CapMan Special Situations invests in Edita Prima
Edita Group Plc divests its subsidiary Edita Prima Oy, focused on customer communications services, to a fund managed by CapMan Special Situations. CapMan Special Situations aims to accelerate the company’s business development as the industry transformation progresses. In connection with the transaction, Edita Prima's management will also become shareholders of the company. The purchase agreement has been signed on 28 October 2024. The transaction is subject to approval by the Finnish Competition and Consumer Authority.
Edita Prima is a leading provider of comprehensive customer communication services. The company offers its customers digital customer communication management solutions, digital asset management and transactional printing, among other services.
Edita Prima's business and customer service will operate normally after the closing of the transaction. The transaction will not affect the personnel. Heikki Autio will continue to act as the Managing Director of Edita Prima.
"Edita Prima has succeeded in developing its business as part of the Edita Group in an excellent way. The company has transformed from a traditional printing house into a modern provider for printed and digital customer communications services, and its operations are growing profitably. I believe that under the ownership of a strong Nordic private equity investor and the company's management, Edita Prima is well-positioned to continue its successful journey," says Kristiina Kujala, CEO of Edita Group.
"Edita Prima has a strong and respected brand within its industry, and we are pleased to begin this journey alongside the dedicated management team. This transaction will enable accelerated business development, supporting the company’s growth towards becoming a leading provider of digital customer communication services," says Karri Keistinen, Investment Associate at CapMan Special Situations.
"This opens a new chapter in the story of a great company. Customer orientation is in Edita Prima's DNA, and we are known as a competent and reliable partner. We are convinced that together with CapMan we will create even better services for our customers and achieve our vision of becoming a leading technology company in the industry," says Heikki Autio, Managing Director of Edita Prima.
Edita Prima's net revenue for the 18-month financial period from 1 July 2022 to 31 December 2023 totalled EUR 73.6 million and it currently employs approximately 70 people. The company has two locations in Helsinki: an office in Kalasatama and a production facility in Kuninkaantammi.
More information:
Karri Keistinen, Investment Associate, CapMan Special Situations, +358 40 7356 593, karri.keistinen@capman.com
Kristiina Kujala, CEO, Edita Group Oyj, +358 040 0761 752, kristiina.kujala@editagroup.com
Edita Group
Edita Group helps its customers communicate more efficiently and provides them with reliable printed and digital information.
The group consists of three business areas: Edita Prima specializes in customer communication services for companies and other organizations. Edita Learning publishes learning materials for primary school education and secondary and higher education, as well as provides training for the competence development of the teaching staff. Edita Legal information provides legal information online services, books and training for lawyers and other experts who need legal information in their work. The Group’s net revenue for the 18-month financial period from 1 July 2022 to 31 December 2023 amounted to EUR 96.9 million. Edita Group has approximately 180 employees. Further information: www.editagroup.com
CapMan
CapMan is a leading Nordic private asset expert with an active approach to value creation and €5.8 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. www.capman.com