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AlpInvest announces spin-off mid- market buyout activitiesAmsterdam, 25 October 2005.The buyout team of private equity investor AlpInvest Partners will become independent as of 1 January 2006 and will go by the name of Taros Capital. The new company continues the management of AlpInvest's lead buyout investments in the Benelux and Germany (550 million euro) such as Raet, Delft Instruments and Sunweb in the Netherlands, Taminco in Belgium and Novem in Germany. AlpInvest, with a 20 billion euro commitment Europe's largest private equity investor, initiated the spin-off to enable AlpInvest and Taros Capital to concentrate on their own areas of expertise. This will create a clearer positioning for both entities. AlpInvest will have more opportunities to broaden its portfolio in the Netherlands, Belgium and Germany, while Taros Capital, if desirable, can now attract third party investors. After 1 January, AlpInvest will focus on primary and secondary fund investments, co- investments and mezzanine worldwide, where the main part of the current mandate is invested. AlpInvest will remain active in direct investments through her worldwide co-investment activities, such as investments in Vendex, AA, GNC and Nycomed. The new entity, Taros Capital, will continue to focus on lead buyout investments in mid-size companies headquartered in the Netherlands, Belgium and Germany. Taros Capital will be managing the current buyouts portfolio of AlpInvest. Of the Euro 550 million capital under management, a considerable amount is available for new investments. "Over the past few years, the German and Benelux buyout market has become more mature resulting in an increasing deal flow. We are in an excellent position to pursue these opportunities pro-actively, jointly with company owners and managers", says Alexander van Wassenaer, one of the four managing partners of Taros Capital. Other partners in the management team are Paul Lamers, Jan Moulijn and Christian Bächle. According to Volkert Doeksen, Managing Partner and Chief Executive Officer of AlpInvest Partners, through this spin-off, both entities will acquire a profile that perfectly fits the chosen strategy. "The buyout team has developed into a powerful player in the buyout market and is ready to profile itself independently in the market". The entire mid-market buyout team will move to the new company, which will have branches in Amsterdam, Antwerp and Frankfurt. This announcement is subject to the usual approvals. AlpInvest Partners is one of the largest institutional investors in the global private equity market, with assets under management of 20 billion euro. The firm is active as a global investor in private equity funds (both primary and secondary). AlpInvest also operates as a co-investor and manages Mezzanine investments in Europe and the USA. This press release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The issuer does not intend to make any public offering of securities in the United States.
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