CapMan Buyout invested in Forenom in 2016 to accelerate the company's growth and support internationalisation in the Nordics. During CapMan Buyout's ownership period Forenom has tripled its sales and expanded from being a Finnish company to a leading pan-Nordic player. Today, the company's portfolio comprises over 9,000 serviced apartments, aparthotels and hostel rooms across all major Nordic cities and Germany which it operates through more than 30 local offices and over 500 employees.

"I would like to thank Forenom's management and all employees for the excellent cooperation over the years. I wish Forenom success under its new ownership," says Anders Björkell, Partner at CapMan Buyout.

"Back in 2016, we sought a partner to help in implementing Forenom's strategy. We would like to thank CapMan Buyout for playing an important role in the company's development into a leading Nordic player. As we enter our next growth phase, Bravedo's ownership provides us with even stronger opportunities to enhance our services, scale our operations, and meet the growing needs of our customers. Helping companies move their workforce smoothly is becoming increasingly critical, and together with our new owner, we can build even more powerful solutions to make this easier than ever for our clients," says Jussi Saarinen, CEO of Forenom.

"During CapMan Buyout's ownership period, Forenom has developed into a true leader in the Northern European serviced apartments market. While the operating environment in recent years has been far from easy, Forenom is now a platform into which Bravedo, together with our co-investors, can invest and further support its growth. Providing Bravedo's customers with innovative workforce solutions in the Nordic countries, including accommodation-related services, is core to Bravedo's strategy, and Forenom complements our capabilities perfectly," says Heikki Raulo, Head of Investments & Acquisitions at Bravedo.

Forenom marks the final exit of the CapMan Buyout X fund which was established in 2012.