REI - Reinet Investments S.C.A. Depositary Receipts - Press Release For
REI
REI
REI - Reinet Investments S.C.A. Depositary Receipts - Press Release For
Immediate Release
Reinet Investments S.C.A. Depositary Receipts
issued by Richemont Securities AG
(Incorporated in Switzerland)
ISIN: CH0045793657
Depositary Receipt Code: REI
PRESS RELEASE FOR IMMEDIATE RELEASE
Reinet Investments S.C.A. is pleased to advise that the limited partners in
Lehman Brothers Merchant Banking Partners IV LP and Lehman Brothers Merchant
Banking Partners IV (Europe) LP (together the `Funds`) have approved the
proposed involvement of Reinet Fund S.C.A. F.I.S. in the management of the
Funds.
Reinet will initially invest up to $ 10 million in a joint-venture with the
current management team and other investors in respect of the Funds`
management company. In addition, Reinet will assume the managing partner`s
commitments to invest up to $ 230 million in new investments to be made over
the remaining lives of the Funds.
The transaction is expected to close within 30 days.
About Lehman Brothers Merchant Banking (`LBMB`)
LBMB manages funds that seek significant long-term capital appreciation
through direct investments in established operating companies in partnership
with management. The funds invest in companies with sound business
fundamentals, proven operating teams and a compelling business strategy. Since
1986, LBMB has raised and managed four institutional funds and several
employee investment vehicles, with total committed capital in excess of $8.0
billion.
To date, the Funds have made investments of some $ 800 million in aggregate.
Further commitments by limited partners to invest in the funds currently
amount to some $1.7 billion.
About Reinet
Reinet Investments S.C.A. is a partnership limited by shares incorporated in
the Grand Duchy of Luxembourg. Reinet Investments holds the entire ordinary
share capital of Reinet Fund S.C.A. F.I.S., a specialised investment fund
holding assets with a current aggregate value of some Euro 2.0 billion. The
investment will be made through Reinet Fund S.C.A. F.I.S.
Reinet shares are listed on the Luxembourg Stock Exchange and Reinet South
African Depository Receipts are listed in Johannesburg on the exchange
operated by the JSE Limited.
Reinet Investments Manager S.A.
for and on behalf of Reinet Investments S.C.A.
10 March 2009
Website: www.reinet.com
Reinet Investments S.C.A.
Registered office: 35, Boulevard Prince Henri, L-1724 Luxembourg
Date: 10/03/2009 15:00:01 Produced by the JSE SENS Department.
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