Acquisition

19 Dec 2007 14:25

HG Capital Trust PLC19 December 2007 The following is the text of a press release issued by HgCapital, which managesthe investment portfolio of HgCapital Trust plc alongside those of otherinstitutional clients. The Trust, which is a listed investment trust givinginvestors the opportunity to participate in all of HgCapital's investments, willinvest approximately €16.7million (£12m) in Casa Reha. HgCapital acquires Casa Reha from Advent International London, 19th December 2007: HgCapital, the European sector-focused privateequity investor, has acquired Casa Reha, one of the leading German privatenursing home groups. The transaction is subject to regulatory approval. Thecompany has been acquired from Advent International and management, both ofwhich are re-investing in the business. The value of the transaction wasundisclosed. Casa Reha, founded in 1995 by Covenant Care International is headquartered inOberursel, Germany. The first nursing home was opened in 1996. Today, Casa Rehais the country's fifth largest nursing home operator, with a nationwideportfolio of 48 homes providing around 7,000 beds. Contacts: HgCapitalPhilipp Schwalber Tel: +44 (0)20 7089 7888 Hering-Schuppener (German Press)Georg Jakobs/Dennis Bader Tel: +49 (69) 92187476 Maitland (UK Press)Peter Ogden Tel: +44 (0)20 7379 5151 Advent InternationalClaudia Werth Tel: +49 (69) 92037 114 About HgCapitalHgCapital is a private-equity investor in the European mid-market. We focus oninvestments with an enterprise value in the range of €75-750 million. Ourbusiness model combines sector specialisation with dedicated, pro-active supportto our portfolio companies as well as the corresponding management expertiseacross all phases of the investment process. HgCapital manages more than €2.7billion for some of the world's leading institutional and private investors. Ourgoal is to achieve outstanding results for our investors, management team andintermediaries. Further information on HgCapital can be found atwww.hgcapital.com. HgCapital's recent transactions in the healthcare sector include: • May 2007: sale of DocMorris to Celesio • July 2006: sale of Castlebeck to Castle Holdings Limited for £255m • June 2006: IPO of ClinPhone - market capitalisation of £94 million • June 2006: Sale of Pharma Bio-Research BV (PBR) to PRA International for £58 million • April 2006: £322 million MBO of Paragon Healthcare • September 2005: Sale of Tunstall for £220 million About Advent InternationalFounded in 1984, Advent International is one of the world's leading globalprivate equity firms, with offices in 15 countries on four continents. A drivingforce in international private equity for more than two decades, Advent hasbuilt an unparalleled global platform of over 100 investment professionalsacross Western and Central Europe, North America, Latin America and Asia. Thefirm focuses on cross-border, strategic restructuring and growth opportunitiesin five core sectors, employing a highly focused ownership approach to driveearnings improvements in portfolio companies. Since inception, Advent has raised£6 billion in private equity capital and completed more than 200 buyout andprivate equity transactions valued at over £15 billion in 35 countries. For moreinformation, visit www.adventinternational.com This information is provided by RNS The company news service from the London Stock Exchange