2/17/2006 - 42Networks, a Stockholm and Shanghai based provider of broadband telephony and Triple Play products and services, receives an investment of 17 million SEK from funds managed by CapMan. Along with this, further investments by existing shareholders have been made. The investment will help accelerate 42Networks’ continued growth. Following this investment, CapMan will be one of the major shareholders of 42Networks.
"We are very pleased to have CapMan, as a leading international investor, on the 42Networks team. The capital injection together with CapMan`s wide network and expertise in growing companies will enable us to continue our market expansion. This comes at a very interesting time when the markets for both VoIP and Fiber-to-the-Home are showing clear signs of strong growth." comments Henrik Scharp, CEO of 42Networks AB.
"42Networks employees have a long experience and a deep knowledge of telephony, which has proven to be a great advantage in the development of VoIP products. The management team is strong, ambitious and experienced. This enables the company’s possibilities for further strong growth in the growing and emerging VoIP market," states Martin Falkevall, Partner at CapMan.
42Networks develops and sells products and system solutions for broadband telephony, Triple Play for Fiber-to-the-Premises (FTTP) and Embedded VoIP-solutions. Their customers include telephony service providers and broadband operators. The company has almost 50 employees in Stockholm, London and Shanghai. 42Networks was established by a management buyout from Ericsson Business Innovation in the middle of 2003. The VoIP market has been growing well and the growth is expected to continue in the future.
42Networks develops and sells products and system solutions for Broadband Telephony, Triple Play for Fiber-to-the-Home (FTTH) and Embedded VoIP-solutions. Our customers are telephony service providers and broadband operators. Our products are currently in commercial operation in more than 30 countries. We are based in Kista-Stockholm, Sweden and in Shanghai, China.
CapMan is one of the leading private equity investors in the Nordic countries and specialises in middle market buyouts in various industry sectors, technology investments in the IT and communications sectors and investments in life science companies. In addition, CapMan manages private equity real estate funds. The CapMan team comprises around 90 people in Helsinki, Stockholm, Copenhagen and Oslo. CapMan manages Nordic funds with approx. EUR 2.2 billion in total capital. To date, the funds managed by CapMan have invested in 147 companies in the Nordic countries and exited from 79 companies.
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