Finnish buyout fund CapMan has acquired Helsinki-based temporary housing provider Forenom.

Capman, through the CapMan Buyout X fund, has agreed to invest in Forenom, a leading Nordic temporary housing service operator.

CapMan acquires a majority equity share in the company with the aim to grow the company's core business and further strengthen its market position in the Nordic countries. Forenom's current owner Barona Group as well as Forenom's active management will continue holding minority stakes in the company.

Forenom, led by CEO Johannes Kangas, manages more than 3,200 furnished apartments, several aparthotels as well as hostels across the Nordics. The company was established in 2000 and is the Nordic market leader in its field as measured by the number of apartments and turnover. Forenom's diverse clientele includes 25,000 private individuals and corporations.

The company has approx. 260 employees and expects turnover of around €60 million for 2016. In addition to offices in Finland, the company has offices in Stockholm, Oslo as well as Copenhagen.