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Argos Soditic announces a second close on Euroknights V


May 17, 2006 -- Argos Soditic has held a second close of their fifth European buy-out fund, Euroknights V, at €267 million. Euroknights V will target small to mid-sized companies (with revenues of €20 to €400 million) predominately in France, Switzerland, and Italy.

Euroknights V had a target of €250 million and is now over-subscribed. Argos Soditic has agreed a hard cap of €275 million with limited partners and expects to hold a final close shortly.

Euroknights IV
The majority of commitments to Euroknights V have come from Euroknights IV limited partners. Euroknights IV was declared fully invested in December 2005 having made 14 investments. Four have so far been realized and it is expected that the fund will make a number of further realizations in the coming months.

Limited Partners
90% of commitments to Euroknights V were from major institutions, including 65% from pension funds, insurance companies and states. 24% came from fund of funds. Geographically, 73% of commitments came from European sources and 18% from the USA.

Terms
Euroknights V is structured as a classic series of English Limited partnerships with a 10 + 2 year-term.

Advisors
No placement agents were used for Euroknights V.

SJ Berwin provided legal advice.

Investments
Euroknights V has already closed its first investment, the management buy-out of Driver, a French point-of-sale business, and expects to close a second, Italian, investment in the coming days.

Guy Semmens said “Euroknights V will be a natural step up for Argos Soditic both in terms of size and volume of transactions while maintaining the investment strategy which we have been successfully implementing in recent years.

We are enormously appreciative of the support we have received from our existing investor base, all of whom who are still investing have reinvested in Fund V. One of our key objectives with this fund was to diversify our LP base and we are particularly excited to have brought seven new institutional LPs into Euroknights V.”


Argos Soditic is an independent European buy-out firm with offices in Paris, Geneva and Milan. The firm focuses on small to mid-sized companies (with revenues of €20 to €400 million) in Europe, predominately in France, Switzerland and Italy. The firm was founded in 1989 and is wholly owned by its five partners.


Contact:
Guy Semmens; Partner; Argos Soditic SA
tel: + 41 22 849 6633
fax: + 41 22 849 6617 / 27

Email: gsemmens@argos-soditic.com

Information: www.argos-soditic.com
xx


Publisher Contact Information:

Argos Soditic S.A.
+ 41 22 849 6633
gsemmens@argos-soditic.com

Company profile of Argos Soditic S.A.
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