Industri Kapital

Industri Kapital is a leading European private equity firm. Industri Kapital. Including its predecessor operations, it started its activities in November 1988 with the first closing of its first fund (Industri Kapital 1989) on the August 11, 1989, with total commitments of E109 million. The Industri Kapital group became independent through its own buyout from SE Banken in 1993, retaining the investment management agreements of the first fund with the consent of all its investors.

As a dynamically growing private equity firm Industri Kapital pursues its mission of creating long-term value for its portfolio companies. Industri Kapital believes value is created through substantive, real and lasting improvement of performance of a business, rather than purely through financial restructuring. To achieve such improved performance, it focuses on the fundamentals in business management: sharpening strategy, improving operations and carrying out industry restructuring steps. On average, the profits of the companies in which Industri Kapital has invested have nearly doubled during its period of ownership. The philosophy is to work closely with management to achieve improved performance. For those who are involved in Industri Kapital’s investments, an environment is created with professional and financial rewards that match the challenge. Having management as partner owners in the business is an important aspect of this.

Industri Kapital typically invests in mid-sized to large non-core divisions or subsidiaries of larger groups, as well as family businesses. In some cases it has acquired publicly listed companies. Since 1989, Industri Kapital has made the majority of its investments in the manufacturing, retailing and service industries. It has also invested in the food industry, specialised process industry as well as the media and building materials sectors.

With strong focus on value creation through improved business performance, Industri Kapital believes that acquiring and developing businesses requires intimate knowledge of local markets, culture and management, combined with an understanding of international markets. The multidomestic approach involves local professionals from eight countries with a wide variety of cultural and professional backgrounds working out of offices in Hamburg, London, Oslo and Stockholm.

The last 12 months have been exciting for Industri Kapital. Fundraising activities were successfully completed and Industri Kapital significantly broadened its investor base with leading institutional investors. Among these investors, approximately 40 per cent originate from the Nordic region, 30 per cent from the rest of Europe and the remaining 30 per cent from the rest of the world, mainly the US. Industri Kapital has increased the number of investment professionals in all offices to a total of 31. The Industri Kapital 2000 Fund has completed seven acquisitions and in total, four realisations have been completed or announced.

Industri Kapital: basic facts

Total funds under management: in excess of E3 billion

Total capital invested: approximately E2.1 billion

Total number of investments: 42

Investment range: E50 million to E400 million

Funds managed:

Industri Kapital 1989

Industri Kapital 1994

Industri Kapital 1997

Industri Kapital 2000

Management

Stockholm Contact: Bjrn Saven (CEO) Europe

Harald Mix (deputy CEO)

Northern Europe

Anne Holm Rannaleet (Director)

Information & knowledge

Michael Rosenlew (Director)

Finland,Sweden

Christian Salamon (Director) Sweden

Hamburg

Detlef Dinsel (Director) Germany,

Switzerland, Austria

Christian Lorenzen (Director)

Germany, Denmark

London

Kim Wahl (deputy CEO)

Northern Europe

Mads Ryum Larsen (Director)

Denmark, Norway

Christopher Masek (Director)

France, Spain, Italy

Hannu Ryppnen (Director)

Finance

Gustav hman (Director) Benelux

Investment offices

London

Industri Kapital Limited Brettenham House 5 Lancaster Place London WC2E 7EN, UK Tel: +44 20 7304 4300 Fax: +44 20 7304 4320 info@industrikapital.com

www.industrikapital.com

Hamburg

Industri Kapital (Deutschland) GmbH

ABC-Bogen Hamburg ABC-Strae 19 203 54 Hamburg, Germany Tel: +49 40 369 885 50 Fax: +49 40 369 885 30

Stockholm

Industri Kapital AB Birger Jarlsgatan 2 114 34 Stockholm, Sweden Tel: +46 8 678 95 00 Fax: +46 8 678 03 36

Oslo

Industri Kapital AS Klingenberggaten 7b Postboks 1273, Vika 0111 Oslo, Norway Tel: +47 23 11 46 50 Fax: +47 22 83 90 58

Industri Kapital typically invests in mid-sized to large non-core divisions or subsidiaries of larger groups, as well as family businesses. In some cases it has acquired publicly listed companies. Since 1989, Industri Kapital has made the majority of its investments in the manufacturing, retailing and service industries. It has also invested in the food industry, specialised process industry as well as the media and building materials sectors.

With strong focus on value creation through improved business performance, Industri Kapital believes that acquiring and developing businesses requires intimate knowledge of local markets, culture and management, combined with an understanding of international markets. The multidomestic approach involves local professionals from eight countries with a wide variety of cultural and professional backgrounds working out of offices in Hamburg, London, Oslo and Stockholm.

The last 12 months have been exciting for Industri Kapital. Fundraising activities were successfully completed and Industri Kapital significantly broadened its investor base with leading institutional investors. Among these investors, approximately 40 per cent originate from the Nordic region, 30 per cent from the rest of Europe and the remaining 30 per cent from the rest of the world, mainly the US. Industri Kapital has increased the number of investment professionals in all offices to a total of 31. The Industri Kapital 2000 Fund has completed seven acquisitions and in total, four realisations have been completed or announced.

Industri Kapital: basic facts

Total funds under management: in excess of E3 billion

Total capital invested: approximately E2.1 billion

Total number of investments: 42

Investment range: E50 million to

E400 million

Funds managed:

Industri Kapital 1989

Industri Kapital 1994

Industri Kapital 1997

Industri Kapital 2000

Management

Stockholm

Contact: Bjrn Saven (CEO) Europe

Harald Mix (deputy CEO)

Northern Europe

Anne Holm Rannaleet (Director)

Information & knowledge

Michael Rosenlew (Director)

Finland,Sweden

Christian Salamon (Director) Sweden

Hamburg

Detlef Dinsel (Director) Germany,

Switzerland, Austria

Christian Lorenzen (Director)

Germany, Denmark

London

Kim Wahl (deputy CEO)

Northern Europe

Mads Ryum Larsen (Director)

Denmark, Norway

Christopher Masek (Director)

France, Spain, Italy

Hannu Ryppnen (Director)

Finance

Gustav hman (Director) Benelux

Investment offices

London

Industri Kapital Limited

Brettenham House

5 Lancaster Place

London WC2E 7EN, UK

Tel: +44 20 7304 4300

Fax: +44 20 7304 4320

info@industrikapital.com

www.industrikapital.com

Hamburg

Industri Kapital (Deutschland) GmbH

ABC-Bogen Hamburg

ABC-Strae 19

203 54 Hamburg, Germany

Tel: +49 40 369 885 50

Fax: +49 40 369 885 30

Stockholm

Industri Kapital AB

Birger Jarlsgatan 2

114 34 Stockholm, Sweden

Tel: +46 8 678 95 00

Fax: +46 8 678 03 36

Oslo

Industri Kapital AS

Klingenberggaten 7b

Postboks 1273, Vika

0111 Oslo, Norway

Tel: +47 23 11 46 50

Fax: