Two exits for ABN AMRO

ABN AMRO Capital is celebrating the exit of two investments from its portfolio; Radio Holland Group (RHG) and Röntgen Technische Dienst (RTD.) RHG supplies innovative, efficient and functional solutions in the fields of satellite and radio communication. ABN AMRO Capital invested €27.8m in June 2002 and sold the business to Imtech for €47m generating an IRR of 41.75% and a money multiple of 3.73x.

Röntgen Technische Dienst (RTD), a business offering industrial non-destructive testing and inspection services, has been sold to Applus Servicios Tecnologicos SL for €193m generating an IRR of 96.02% and a money multiple of 9.53x. ABN AMRO Capital acquired the business in December 2002 for an undisclosed sum.

The European buyout portfolio of ABN AMRO Capital has, since 2000, realised 33 investments (out of a total portfolio of 76 investments.) This portfolio has now realised to date an average IRR of 32.45%. The above-mentioned exits are two of seven made by the Dutch team, realising an average IRR of 49.12%.