CapMan

Great news! CapMan Buyouts portfolio company Hydroware has received validation for their climate targets by the SBTi. Hydroware commits to reduce absolute scope 1 and scope 2 GHG emissions 42% by 2030 from a 2023 base year, and to measure and reduce its scope 3 emissions. “Our goal is to develop long-term sustainable lift solutions where economic viability goes hand in hand with minimising the environmental impact. Having our near-term science-based targets approved by the SBTi marks an important step forward in our sustainability journey, reinforcing our commitment to measurable climate action,” says Birgitta Berglund, Sustainability Manager at Hydroware. “We congratulate Hydroware for reaching this important milestone. Sustainability has been integrated into the company’s vision since its foundation and working with the SBTi to set science-based climate targets further solidifies their strong commitment to build long-term sustainable elevator solutions”, shares Anna Olsson, Head of Sustainability at CapMan. Read more on Hydrowares website. Link in comments.

At CapMan are committed to transparency and holding ourselves accountable — we want to create lasting value and drive sustainable transitions. “Transparency and accountability aren’t just buzzwords for us—they’re how we do business. We’re constantly evolving our sustainability approach to ensure real world change, stay ahead of regulations and meet stakeholder expectations. Double materiality drives everything we do, from aligning with global standards to linking sustainability to compensation. It’s about making sustainability a core part of business, not just a box to tick”, shares Anna Olsson, Head of Sustainability at CapMan. In the long-term, we are committed to: ◼️Continue basing our sustainability work on double materiality, both at CapMan Group level and in our investments ◼️Robust disclosures, aligned with relevant international frameworks Maintain and continuously develop the high sustainability competence across CapMan Group ◼️Systematically engage with relevant stakeholders to continue improving sustainability best practices in private markets ◼️Maintain sustainability incentives in the CapMan Group employee bonus Discover how we make accountable business happen. Link in comments. ⤵️

Over the past 10 years, CapMan Real Estate has transformed a 36,000 m² logistics centre in Vantaa, Finland, into a climate-controlled, modern storage and conservation facility. During this time, the premises have been fully leased to Senaatti-kiinteistöt and now serve as storage for the Finnish Heritage Agency. To meet the growing demand for energy efficiency and sustainability, the building has undergone significant upgrades: ▪️ A 194 kWp solar power system was completed at the end of 2024, with an estimated annual production of 155,000 kWh ▪️ The property received a BREEAM In-Use certification at the Excellent level in early 2025 ▪️ Its energy efficiency rating was upgraded to class B in 2024 ▪️ Overall, the property is now EU Taxonomy-aligned Acquired in 2016 by the Kokoelmakeskus Ky fund, the project is a great example of how refurbishment can extend the life cycle of real estate while enhancing its environmental performance.

CapMan joins the #Steps4Tukikummit campaign, where over 5,000 employees unite for the benefit of children and youth! Together with Aktia, PwC Finland, Otava Oy (Otava-konserni), and SAM Headhunting Finland, CapMan kicks off the charity campaign for the Tukikummit Säätiö foundation. The campaign challenges company employees, customers, and partners to walk and run for the benefit of the foundation — each kilometre collected brings more funds towards work supporting youth recreational opportunities. Last year’s successful campaign raised €100,000, and this year, the goal is even more ambitious: to collect exercise kilometres worth over €150,000. “This campaign offers us a concrete way to do good while also supporting well-being and team spirit amongst employees. Being able to take part in hobbies plays an important role for youth as they grow up, building their confidence and feeling of belonging. We are glad to be joining the #Steps4Tukikummit campaign once again”, shares Pia Kåll, CEO at CapMan. "It is inspiring to see more and more companies joining to support this meaningful cause. The #Steps4Tukikummit campaign not only raises funds but also strengthens work communities and increases understanding of the importance of preventing youth marginalisation," says Joakim Frimodig, Chair of the CapMan Board and Chair of the Tukikummit Foundation. Read more on our website. Link in comments.

CapMan Real Estate’s office property, Fredika, welcomes its new tenant, Kiinko! 👋 Fredika, located next to Tripla at Pasilanraitio 5, offers excellent transport connections in Pasila and a variety of nearby services. The premises have been designed with environmental sustainability in mind, incorporating eco-friendly materials and upgraded LED lighting. Since the beginning of February, Kiinko, Finland's leading provider of vocational adult education in real estate, has commenced its operations in the new venue. “We are excited to move into our new modern premises that support our educational business, providing functionality and a great customer experience. We are very pleased with the collaboration and the execution of the premises,” says Matti Oinonen, Chief Administrative Officer of Kiinko. We have still room for new clients! If you are in search of office space in Pasila, please contact Jaana Takamäki, +358 50 544 1006. ☎️

📢 We’re hiring in Copenhagen! CapMan Real Estate is looking to strengthen its Danish team with two new talents: 🔹 Residential Asset Manager As a Residential Asset Manager, you will be responsible for developing and implementing strategic plans, overseeing property operations, optimising tenant relationships, and driving performance, as well as improving CapMan Real Estate’s internal processes. If you have experience in residential property management, excellent negotiation and communication skills, and an eagerness to learn and develop, this could be the next step in your career. 🔹 Construction Manager As a Construction Manager, you will be responsible for overseeing construction and renovation projects across CapMan Real Estate’s Danish portfolio. You will work closely with internal asset managers and external partners to ensure projects are delivered on time, within budget, and with sustainability considerations integrated throughout the project lifecycle. If you have a background as a building designer or engineer, preferably with experience as a craftsman, as well as strong project management skills, this could be the role for you. We offer a unique opportunity to work in an exciting industry with great colleagues and a low-hierarchy culture at our offices in the heart of Copenhagen. Read more about the roles and apply by 9 March through the link in the comments!

CapMan visited LINC, the finance organisation at Lund University, last week. Mathias Ljungberg and Marcus Lotzman from Real Estate and Daniel Joelsson from Infra took the stage to talk about what we do at CapMan, investing in private assets as well as the internship opportunities we offer. A full house with many inspiring students – thank you LINC - Lund University Finance Society for welcoming us and all students who joined and made the event a success! 🤝

CapMan Infra’s portfolio company Haminan Energia Oy, a district heating and electricity network operator in Hamina, strengthens its Board of Directors with the appointment of Päivi Suutari as the Chairperson of the Board! ✨ “I am very pleased to welcome Päivi to Haminan Energia. Her experience and knowledge from MM Kotkamills and Huhtamäki, among other roles, will support Haminan Energia’s growth ambitions in Hamina”, says Pekko Haaksluoto, Partner at CapMan Infra and member of Haminan Energia Board of Directors. “I am excited to start as the Chairperson of Haminan Energia where I will be able to utilise my extensive experience in developing companies to support the company in its growth journey”, says Päivi Suutari. Read more at capman.com. Link in comments. 👇

We are thrilled to share the news that CapMan Hotels II has signed an agreement to acquire Midstar Fastigheter AB, marking one of the largest hotel property transactions in the region! This acquisition significantly strengthens our position as a leading player in the Nordic hotel sector and supports CapMan’s long-term goal of increasing assets under management. Some key highlights of the transaction include: ◼️The portfolio consists of 28 hotels with a total of 4,709 rooms, with capacity set to grow to 4,887 rooms by 2027 through value-creation initiatives. ◼️Strategically located assets in key cities like Stockholm, Copenhagen, and Oslo, as well as attractive regional destinations. ◼️A significant contribution towards CapMan’s target to reach €10 billion in assets under management during the current strategy period. “The acquisition of this high-quality portfolio outside of Finland strengthens our position as a key player in the Nordic hotel investment market, and it aligns perfectly with our investment strategy. We see significant potential in this platform and are confident in its ability to deliver strong returns, driven by the continued growth of the Nordic hotel market ", says Mika Matikainen, Managing Partner of CapMan Real Estate. 📎Link to the full release in the comments.

Last Thursday, CapMan Real Estate had the pleasure of participating in Fundi ry’s career event “Fura”. Joonas Hacklin, Laura Strömberg, and Daria Andreeva took the stage to introduce CapMan Real Estate, sharing insights into our funds, the roles of different specialist teams, and various career opportunities.   “It was fantastic to meet so many talented real estate economics students who stopped by our stand — their enthusiasm and curiosity were truly inspiring! The event was full of ideas, sharing experiences, discussing potential career paths, and reconnecting with fellow real estate industry professionals,” Laura comments on the event atmosphere.   A big thank you to Fundi ry for organising such a well-executed and insightful event to meet with future talents! 👏