Kinnevik AB (publ) (“Kinnevik”) today published financial results for the first six months 2016 for Global Fashion Group (including the regional businesses Lamoda, Dafiti, Namshi and Zalora). 

Global Fashion Group will host a conference call today, 15 September 2016, at 10.00 CET to present the results for the first six months 2016. Participants are welcome to join by phone using the below dial-in details:

DE: +49 (0) 69 2222 10633
UK: +44 (0) 20 3427 1924
USA: +1 646 254 3387
SE: +46 (0) 8 506 539 34

PIN Code: 9689105#

Summary financials for Global Fashion Group (including Lamoda, Dafiti, Namshi and Zalora) can be found on the following pages of this press release.

For further information, visit www.kinnevik.com or contact:

Egeria, the Dutch based private equity firm has signed an agreement to acquire 100% of the shares of Clondalkin Flexible Packaging Group (“Clondalkin”) from an affiliate of Warburg Pincus. Completion of the transaction is expected to occur in Q4 2016. Clondalkin Flexible Packaging Group (“Clondalkin”) is a global flexible packaging manufacturer focused on delivering high quality innovative packaging solutions. Clondalkin comprises 11 manufacturing sites in The Netherlands, Germany, Switzerland, United Kingdom and USA supplying over 45 countries globally with a turnover of approximately €400 million.

Egeria has a proven track record in growing and developing international manufacturing businesses both organically and through acquisitions.  Paddy Mullaney, CEO of Clondalkin said “We are delighted to team up with Egeria for the next step of our development plan. Egeria’s experience in supporting businesses will further facilitate and strengthen Clondalkin’s continued development and expansion.”   Floris Waage, partner at Egeria, commented: “We are very excited to team up with Clondalkin. The company has a long history of delivering high value added products and putting its customers first. We are committed to supporting Clondalkin and are convinced it has attractive growth opportunities.”

• EQT makes its first acquisition in German real estate – a 116,155 square metre office park located in close proximity to Cologne’s central business district for a purchase price of EUR 188 million

• The park is acquired out of insolvency. EQT has identified a number of value-add strategies, with a focus on updating the physical structure of the buildings and to improve the tenant experience in the park, in order to re-gear leases

• Ability to participate in a growing, tightly supplied Cologne office market, likely to experience substantial rental growth in the medium to near term

EQT is pleased to announce its debut investment into the German real estate market with the acquisition of this high-quality office park in western Cologne. Securing the deal has provided EQT with an opportunity to create value through hands on asset management and the injection of Capex/TI’s which will re-balance leases and maintain the quality of the assets. The transaction has placed EQT in prime position to take full advantage of the demand and supply imbalances across Cologne, driving occupancy and rent.

The acquisition comprises 7 different office buildings located within the park. Each building is accompanied with an element of parking, with a total of 2,863 spaces.

About EQT

EQT is a leading global private equity group headquartered in Stockholm, with approximately EUR 30 billion in raised capital. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 15 billion and approximately 100,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

Investment Advisor EQT Partners formed a real estate initiative in 2015, to identify investment opportunities in the real estate sector. The Real Estate team consists of 11 investment advisory professionals with vast experience in the European real estate sector.

For further information, please visit www.eqtpartners.com 

EQT VII [1] (”EQT”), through IGT Holding IV AB [2] (”IGT Holding”), on 7 December 2015 announced a mandatory cash offer to the shareholders in Industrial and Financial Systems, IFS Aktiebolag (publ) (”IFS”) to acquire all outstanding A- and B-shares in IFS at a price of SEK 362.50 per share. The offer was completed on 11 February 2016 at which time IGT Holding had reached an ownership of approximately 84 percent of all shares in IFS.

IGT Holding has now entered into an agreement with Elliott International L.P. and Elliott Associates L.P. (together “Elliott”) to acquire all Elliott’s shares in IFS. IGT Holding will thereby reach an ownership of approximately 97 percent of all shares in IFS. The acquisition of the shares from Elliott is made at a price of SEK 396.73 per share, regardless of share class.

Since IGT Holding holds shares representing more than 90 percent of the total number of shares in IFS, IGT Holding intends to commence compulsory squeeze out proceedings under the Swedish Companies Act to acquire all remaining shares in IFS. Relevant announcements regarding the squeeze out proceedings will be made by IFS when the squeeze out has been formally initiated by IGT Holding. In connection therewith, IGT Holding also intends to promote delisting of IFS’s shares from Nasdaq Stockholm.

Contact:
Kerstin Danasten, press officer, EQT: +46 8 506 553 34, press@eqtpartners.com

About EQT
EQT is a leading global private equity group with approximately EUR 30 billion in raised capital. EQT Funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 15 billion and approximately 100,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtpartners.com