Reduction of investment commitment to IK VII

Company announcement no 17 2013/14
Copenhagen 28 January 2014

Reduction of investment commitment to IK VII
Scandinavian Private Equity A/S (SPEAS) has agreed to sell EUR 4m of its IK VII investment commitment.

The sale is in accordance with the company’s change of strategy to prioritise distribution to shareholders over new investment commitments. After the sale, SPEAS’ investment commitment to the private equity fund IK VII will amount to EUR 6m.

The sales proceeds are confidential. The transaction will have a limited impact on net profit and, as a consequence of the sale, the uncalled investment commitment will be reduced by EUR 3.1m (DKK 23.4m). The sale is subject to the final approval of the transfer documentation from IK VII.

For further information, please contact:
Ole Mikkelsen, CEO, tel +45 70 25 10 55, mobile +45 30 66 96 30

2013 17 140128 IK VII UK