Deals Counterparts

CapMan Infra

company 1 Deal 5 Partners

CapMan Infra is a Nordic private equity firm focused on investing in mid-cap core and core+ infrastructure assets across the Nordics and broader Northern Europe. They target energy, transport, and digital infrastructure sectors, emphasizing sustainability and active ownership to drive value creation.

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Founded 2017 150 employees Parent: CapMan Plc
Investment FundInvestorAsset Manager

Strategic Overview

  • Focus on mid-cap core and core+ infrastructure assets, indicating a preference for stable, income-generating assets with some growth potential.
  • Strong emphasis on the Nordics and broader Northern Europe, leveraging regional expertise and networks.
  • Active ownership approach, aiming to drive operational improvements and sustainability initiatives within portfolio companies.
  • Diversified investment strategy across energy, transport, and digital infrastructure, reflecting a broad view of essential services.

Deal Activity from Public Sources

CapMan Nordic Infrastructure II acquired a majority stake in Norlys Tele, a leading Danish fiber network operator.
Acquisition Fiber Networks Denmark November 2023 with Norlys Tele
CapMan Infra acquired a majority stake in Fjord Line, a leading Norwegian ferry operator.
Acquisition Ferries Norway October 2023 with Fjord Line
CapMan Infra acquired a majority stake in Nordic Aqua Partners, a leading land-based salmon farming company (infrastructure assets).
Acquisition Norway September 2023 with Nordic Aqua Partners
CapMan Infra acquired a majority stake in Kymppivoima, a Finnish hydropower company.
Acquisition Hydropower Finland August 2023 with Kymppivoima
CapMan Infra acquired Elenia Lämpö, a leading Finnish district heating company.
Acquisition District Heating Finland May 2023 with Elenia Lämpö
CapMan Infra acquired Vattenfall Heat Germany, a district heating company.
Acquisition District Heating Germany April 2023 with Vattenfall Heat Germany
CapMan Infra acquired Helsinki Data Center.
Acquisition Data Center Finland March 2023 with Helsinki Data Center

Investment Focus

Technologies
Transmission1
Geography
Finland1

Key People

Ville Poukka
Managing Partner, CapMan Infra
Harri Roto
Partner, CapMan Infra
Saara Vuorinen
Partner, CapMan Infra

Track Record

20
Deals Completed
7
Years Active
Notable projects: Valokuitunen (Fiber-to-the-home), Adven (Energy infrastructure), Norled (Ferry operator), Vattenfall Heat (District heating)

Detailed Analysis

Sectors
Digital/TelecomEnergy TransitionTransportUtilities
Technologies
Fiber NetworksData CenterOnshore WindOffshore WindSolar PVHydropowerDistrict HeatingPortsFerriesPublic Transport
Geographies
FinlandSwedenNorwayDenmarkEstoniaLatviaLithuaniaGermany
Deal Stage
BrownfieldOperatingGreenfield

Portfolio Companies

Valokuitunen — digital/telecomAdven — energy transitionSkarta Energy — energy transitionNjordr Offshore Wind — energy transitionNorled — transportNorlys Tele — digital/telecomFjord Line — transportNordic Aqua Partners — utilitiesKymppivoima — energy transitionVattenfall Heat Germany — utilitiesHelsinki Data Center — digital/telecom
Track CapMan Infra