Duke Street Capital sold Focus Wickes to Apax Partners as part of a recapitalisation of the business. Focus Wickes is the second largest UK Do-it-yourself retailer with group sales of GBP 1,462.4 million for the 2001 financial year. Through over 400 stores, the Group offers an extensive range of home improvement products to both DIY and trade customers. Private Equity Holding AG received an undisclosed distribution from this transaction.
Pitango Venture Capital reported the sale of RADLAN Computer Communications Ltd., a leading provider of embedded networking software, to Marvell. Marvell is a leading global semiconductor provider of complete broadband communications solutions. The closing of the transaction is anticipated to take place by April 2003. Private Equity Holding AG expects to receive an undisclosed distribution.
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"Portfolio News"
brings investment highlights from the portfolio of Private Equity Holding AG to the attention of investors. Contractual disclosure requirements limit the depth of information to publicly available data and thus prohibit disclosure of additional financials.
Private Equity Holding AG (SWX: PEHN), managed by Swiss Life Private Equity Partners, offers investors the opportunity to invest, within a simple legal and tax optimized structure, in a broadly diversified and professionally managed private equity portfolio. As of December 31, 2002, the company held fund investments in 85 funds and direct investments in 23 companies. For further information: www.peh.ch or Eva Kalias, Investor Relations and Communications (phone +41 41 726 79 80).
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