CapMan completes the acquisition of Dasos Capital Oy

CapMan Oyj, the Finland based private equity firm, that manages third-party private equity funds and offers fundraising advisory services, has acquired Dasos Capital Oy, the Finland based asset management company focusing on sustainable timberland investments. The debt free purchase price is EUR 35m. In addition, CapMan has committed to paying an additional earn-out consideration of a maximum EUR 5m based on incurred management fee turnover in 2025 and 2026. CapMan intends to pay the Purchase Price by a directed share issue to the current shareholders of Dasos and with a cash component, which amounts to a maximum of approximately 9% of the Purchase Price. The equity price paid at closing equals the enterprise value of EUR 35m adjusted with net debtcash at closing and certain customary post-closing adjustments. The additional consideration will be paid later in 2026 and 2027 in CapMan’s shares. Following the acquisition, Dasos will form the core of the new CapMan Natural Capital investment area.