CapMan Special Situations Fund Becomes Majority Owner of Marinetek GroupPublished on February 17, 2022
CapMan Special Situations fund has agreed on a comprehensive recapitalization of Marinetek Group. CapMan’s fund has acquired majority ownership in the company and will invest new capital into Marinetek to develop the business. As a part of the recapitalization, the company’s senior loans were transferred to CapMan fund’s ownership.
“Marinetek has come a long way since it was founded in 1994. This transaction provides a strong financing backbone for the company to embark on the next wave of expansion after a few difficult years. I am confident that the transaction will enable Marinetek to succeed in its growth plans,” Ilkka Seppälä, the founder of Marinetek Group said.
“I am very pleased that the company’s financing rests now on a very solid foundation. With the order books of the boating and superyacht industry currently at an all-time-high, we expect the infrastructure spending on marina projects to stay elevated for years to come. With CapMan’s support, we are well equipped to grow the business to the next level,” Mika Parviainen, Marinetek Group CEO said.
CapMan Special Situations invests in event-driven opportunities across economic cycles and industry sectors. At the core of the investment area are demanding corporate restructurings and operational transformations. CapMan Special Situations is a responsible investor, and its mission is to contribute to societal wellbeing by ensuring that viable companies can successfully steer through demanding situations and once again thrive.