CapMan Technology portfolio includes Nordic expansion and later stage technology companies. At the end of 2011, we had in total 15 portfolio companies.
Our team focuses on supporting the growth of our current portfolio companies and helping them to expand into new markets. Most of the companies have a strategy based on international expansion, and our team has supported a number of them in growing their business outside their home markets. Overall, our portfolio performed well in 2011, and most of the companies reached top-line growth despite the downturn seen on the global markets.
In addition to active value creation work we constantly take advantage of attractive exit opportunities when they arise. During 2011, we exited in total five portfolio companies.
The overall global market situation continues to be challenging, and future development is difficult to predict. However our portfolio companies are well-prepared to adapt their operations to market changes. Exit negotiations are under way in many of our portfolio companies, and our goal is to complete a number of them during 2012.