2.4.2018

CapMan Growth Equity – Investment in Arctic Security

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We advised CapMan Growth Equity Fund in its investment in cyber defence company Arctic Security Oy.

Arctic Security provides Actionable Threat Intelligence, which helps its clients identify cyber attacks, attackers and their victims.

CapMan is a leading Nordic investment and specialised asset management company. Today, CapMan employs 110 private equity professionals and manages EUR 2.7 billion in assets. The objective of the Growth Equity investment activities is to find unlisted target companies with the potential to grow rapidly, to make significant minority investments in them and, as an active investor, to develop their value so as to achieve returns in excess of the market average.

Latest references

We advised Seaya Nova and Molten Ventures as Finnish counsel in connection with the USD 80 million Series C financing of Pliant, a Berlin-based fintech specialising in B2B payment solutions and corporate credit cards. The financing round was led by Seaya Nova and Speedinvest, with participation from Illuminate Financial, Motive Partners, Molten Ventures and Citi Ventures. Founded in Berlin in 2020, Pliant provides modular payment solutions for businesses and holds an EU e-money licence in Finland as well as a licence from the UK Financial Conduct Authority. We advised on the Finnish law aspects of the transaction alongside YPOG, which acted as lead counsel to Seaya Nova and Molten Ventures.
Case published 12.11.2026
We advised Foundation Clinic in connection with its funding round backed by a group of prominent Finnish technology entrepreneurs and investors, including founders behind Supercell and Wolt. Foundation Clinic is a Finnish healthcare company developing a new approach to private healthcare focused on preventive, data-driven and continuous care. The company aims to combine comprehensive health data with ongoing medical care to identify and address health risks at an early stage.
Case published 29.10.2026
We acted as legal adviser to Banyan Software on its acquisition of Carus Ferry, a Finland-based provider of reservation, check-in and port operations software for ferry and passenger shipping operators. The acquisition further strengthens Banyan Software’s presence in the Nordic region while providing Carus with a long-term partner to support its continued growth and development. Carus was founded in 1998 and is headquartered in Mariehamn on the Åland Islands, Finland. The company develops mission-critical software for ferry, cruise and passenger shipping operators, covering the full passenger journey from booking and ticketing to capacity management, check-in and boarding. Carus also provides port automation, onboard sales systems and business information tools. The company serves approximately 30 operators across four continents and is the largest vendor by customer count in ferry reservation and departure control. Banyan Software is an acquirer and long-term operator of mission-critical software businesses serving specialised industries. Founded in 2016, Banyan follows a buy-and-hold-for-life approach and supports the long-term growth and development of its portfolio companies. Banyan operates more than 130 portfolio companies across North and South America, the United Kingdom, Europe and APAC. Following the acquisition of Carus, Banyan operates three businesses in the Nordic region.
Case published 20.10.2026
We advised Move Energy as an investor in connection with the combination of 3North Partners Plc and Steady Energy Oy and the related private placement and initial public offering of the combined company on Nasdaq First North Growth Market Finland. In connection with the transaction, 3North Partners received approximately EUR 69.8 million in investor commitments from a group of institutional and other investors, including Move Energy, to fund the combined company. Steady Energy is a Finnish nuclear technology company developing a new generation of small modular reactors (SMRs) particularly suited for district heating. Its LDR-50 reactor is designed to provide cities and utilities with a scalable and low-carbon alternative to combustion-based heat production.
Case published 19.10.2026