Company announcement no 2 2012/13
Copenhagen 16 March 2012
Investment commitment to IK VII
Scandinavian Private Equity A/S (SPEAS) has made an investment commitment of EUR
10m to the private equity fund IK VII.
IK Investment Partners is a European private equity company with offices in
London, Stockholm, Hamburg and Paris. Since 1989 IK Investment Partners has
invested in 78 companies. The current portfolio includes 21 companies with a
total turnover of approximately €7.5 billion.
IK VII's investments will - in line with the previous fund, IK 2007, - focus on
controlling interests in medium-sized companies with investments in each company
typically in the range of EUR 50m-150m. Geographically, the fund will focus
mainly on the Nordic countries, the Benelux, France and Germany.
Including IK VII, SPEAS has made investment commitments to eight selected
private equity funds, which SPEAS considers to be among the top funds within
their segments: EQT V, EQT VI, IK 2007, IK VII, Apax Europe VII, Litorina III,
Litorina IV and Herkules III.
SPEAS's uncalled investment commitments to private equity funds total DKK 364m
(based on the latest interim report), which the funds may invest in new
companies over the next years. Investments in private equity funds including the
uncalled investment commitments total DKK 1,095m, equal to 119% of equity, which
stood at DKK 922m at 31 October 2011.
SPEAS's exposure to IK 2007 and IK VII totals DKK 263m (based on the latest
interim report) with DKK 143m for investments (IK 2007) and DKK 120m for
uncalled investment commitments (IK 2007 and IK VII). The total exposure
equalled 29% of equity as at 31 October 2011.
More information on IK Investment Partners is available on the fund's
website,www.ikinvest.com.
For further information, please contact:
Ole Mikkelsen, CEO, tel +45 70 25 10 55, mobile +45 30 66 96 30
[HUG#1594699]
