02/28/2022
CapMan Special Situations fund becomes the majority owner of Marinetek Group and invests to develop Marinetek as a global leader in premium marinas and advanced floating solutions.
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 is the preferred brand in premium marinas and floating solutions with an unparalleled global reach across Europe, Middle East, Asia and North America. This transaction enables complete restructuring of Marinetek’s balance sheet, and the company will receive necessary financing to strengthen its capabilities and drive future growth.” says Antti Uusitalo, Partner at CapMan Special Situations.
“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 few difficult years. I am confident that the transaction will enable Marinetek to succeed in its growth plans”, says Ilkka Seppälä, the founder of Marinetek Group.
“I am very pleased that the company’s financing rests now on a very solid foundation. With the order books of the boating and super yacht 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”, says Mika Parviainen, Marinetek Group CEO.
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. CapMan Special Situations will actively contribute to Marinetek’s development together with its co-investors Karri Kaitue and Heikki Westerlund.
About CapMan
CapMan is a leading Nordic private asset expert with an active approach to value creation. We offer a wide selection of investment products and services. As one of the Nordic private equity pioneers, we have developed hundreds of companies and real estate assets and created substantial value in these businesses and assets over the past 30 years. With more than €4 billion in assets under management, our objective is to provide attractive returns and innovative solutions to investors. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover Private Equity, Real Estate and Infra. We also have 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.
www.capman.com
About Marinetek
Marinetek is an internationally recognized brand name for premium marinas and advanced floating solutions. With industry’s widest pontoon product range and a network of over 300 marina experts around the world, Marinetek can fulfil a wide range of customer needs from a custom-made floating structure to a world-class marina.
Marinetek offers world famous concrete, hybrid aluminium and timber pontoons, breakwaters, floating solutions and marina equipment. Through collaborative partnerships, Marinetek provides its customers expertise and turnkey-services from concept design, engineering, manufacturing, and installation to modernization of marinas.
Operating in over 40 and manufacturing in 9 countries Marinetek has delivered more than 2500 marina references to 55 countries worldwide.
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