|
|||
2011-03-22 14:45:00 CET 2011-03-22 14:45:01 CET REGULATED INFORMATION Amanda Capital - Company AnnouncementSEVERAL EXITS IN AMANDA CAPITALS PRIVATE EQUITY PORTFOLIOAMANDA CAPITAL PLC STOCK EXCHANGE RELEASE March 22, 2011, 3:45pm SEVERAL EXITS IN AMANDA CAPITALS PRIVATE EQUITY PORTFOLIO There have been several exits in Amanda's portfolio. The exits together generate a cash flow of over two million euros for Amanda. Balderton I -private equity fund has sold its share in Lovefilm International Limited to Amazon. Lovefilm is one of Europe's largest entertainment subscription businesses with over 1.5 million subscribers across the UK, Germany, Sweden, Norway and Denmark. The exit is profitable and Amanda has received the proceeds in the first quarter of 2011. Permira Europe III has made a partial exit in Maxeda Retail Group B.V., by selling The Fashion Group, including a number of its fashion businesses, to a number of buyers. The exit is profitable and Amanda has received the proceeds in the first quarter of 2011. Permira IV has sold its share of BorsodChem to Wanhua Industrial Group. BorsodChem is an important European chemicals producer with two main product groups: polyurethane raw materials (MDI, TDI) and vinyls (PVC resins and caustic soda). The proceeds of the transaction have been distributed to Amanda during the first quarter of 2011. The Merlin Biosciences Fund has made a number of disposals from its portfolio during 2010 and distributed the proceeds to Amanda during the first quarter of 2011. EQT Finland made a distribution relating to the termination of the fund. Funds were released from escrow accounts and expense accounts. Funds were distributed in January 2011. PAI IV has sold its share of Kwik-Fit to ITOCHU Corporation. The Kwik‐Fit Group is the largest independent automotive parts, repair and replacement specialist in Europe. The transaction is subject to a consultation process with French Works Council and competition authorities, and is expected to close in Q2 2011. EQT Funds IV and V announced on March 21, 2011, that they have agreed to sell Kabel BW to U.S. media company Liberty Global Inc. Kabel BW is Germany's third largest cable provider. The exit is profitable and the proceeds are expected to be distributed to Amanda during Q2 of 2011. AMANDA CAPITAL PLC Janne Larma CEO Additional Information: CFO Petter Hoffström, tel. +358 9 6829 6012 Distribution: OMX Nordic Exchange in Helsinki, www.amandacapital.fi Amanda Group is a Finnish company that specializes in private equity and alter-native asset management, traditional asset management and corporate finance advisory. The combined group offers products and solutions related to mutual funds, private equity funds, hedge funds and discretionary asset management for institutions, wealthy individuals and retail customers. The combined assets man-aged by subsidaries Amanda Advisors and eQ Asset Management is approximately 3.7 billion euros. Assets under management is a combination of investments in over 190 private equity funds managed by Amanda Advisors as well as 22 mutual funds and customer mandates managed by eQ Asset Management. In addition, services offered by the Group include mergers & acquisitions advisory as well as real estate transaction advisory through Advium Corporate Finance Ltd. More information on Amanda Group is available on websites www.amandacapital.fi, www.eqvarainhoito.fi and www.advium.fi. |
|||
|