The Investor Perspective on Nordic Exit Opportunities VentureLab Investment Forum Oslo, Tuesday 26 O

1
The Investor PerspectiveonNordic Exit
OpportunitiesVentureLab Investment ForumOslo,
Tuesday 26 October 2004

• Erik Berger
• Investment Director
• Technology Business Unit
• CapMan

2
Exit

• X-Border
• Several Legislations
• Tax Issues

• Country of origin
• One Legislation
• One Tax system

3
Exit
IPO
Gråmarked
MBO
Trade Sale
Liquidation
Secondary Buy Out
Merger/Acquisition
Bankruptcy
4
Closing Remarks

• On a Nordic Basis

- Exit markets are opening up
- Trade Sales are in favor
- Pipeline of companies to be exited
Good exits are necessary for making new
investments!