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Eqvitec announces first closing of Eqvitec Mezzanine Fund III at EUR 64 million


PRESS RELEASE

Eqvitec announced today the first closing of its third mezzanine fund, Eqvitec Mezzanine Fund III, with committed capital of EUR 64 million. Eqvitec Mezzanine Fund III has attracted new investors as well as received support from the investors of previous funds. The first closing investors are primarily reputable Nordic institutional investors.

The target size of the fund is EUR 100 million and Eqvitec expects further commitments to its newest fund in the near future.

Eqvitec Mezzanine Fund III is a mezzanine fund investing in small and medium sized companies in the Nordic countries. As with the previous mezzanine funds, the investment strategy of the new fund will emphasize participations in buyouts, recapitalizations, and financing transactions supporting organic and acquisitive growth.

“Eqvitec Mezzanine Fund III fundraising has been a great success. Market conditions are very favorable for mezzanine financing and therefore we were able to attract investors for the first closing in a very short time frame exceeding our expectations and with an amount that surpassed the final size of our second mezzanine fund. To meet the growing demand for mezzanine we decided to double the target fund size compared to the earlier funds. The sector focus of the fund is also broader. Our new fund is uniquely positioned in addressing the growing demand for mezzanine in small and medium sized transactions. We operate independently on the Nordic market place serving private equity firms and other equity providers in their financing needs”, says Pertti Nurmio, Senior Partner and Head of Mezzanine at Eqvitec.

“Eqvitec Mezzanine has established itself as one of the leading players on the Nordic market. This is already the third mezzanine fund raised by Eqvitec demonstrating that earlier funds have been great successes. The mezzanine team has created a distinct and independent role and attracts investment opportunities outside the scope of Eqvitec’s equity funds which have primarily venture focus”, comments Jukka Mäkinen, Managing Partner of Eqvitec Partners Oy.

Eqvitec’s previous mezzanine fund, which was closed in 2005 at EUR 53 million, is fully invested in eight companies and has completed its investment period.

For further information, please contact:

Pertti Nurmio, Senior Partner, Head of Mezzanine, Eqvitec Partners Oy, tel. +358 50 550 2324

Jukka Mäkinen, Managing Partner, Eqvitec Partners Oy, tel. +358 50 66563

About Eqvitec Partners Oy

Eqvitec Partners Oy is a privately owned and independent Nordic private equity firm. The company was founded in 1997 and employs 15 investments professionals in Helsinki and Stockholm. Eqvitec Partners currently advises six funds with the total capital base exceeding 500 million euros. At the moment the funds have investments in 40 companies and have carried out 35 exits. More information can be found at www.eqvitec.com.

In Helsinki 12th of August 2008


Publisher Contact Information:

EQVITEC Partners Oy
+358 50 550 2324
-

Company profile of EQVITEC Partners Oy
Past press releases of EQVITEC Partners Oy.

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