Acquisition

HG Capital Trust PLC
19 December 2007



The following is the text of a press release issued by HgCapital, which manages
the investment portfolio of HgCapital Trust plc alongside those of other
institutional clients. The Trust, which is a listed investment trust giving
investors the opportunity to participate in all of HgCapital's investments, will
invest approximately €16.7million (£12m) in Casa Reha.

             HgCapital acquires Casa Reha from Advent International

London, 19th December 2007: HgCapital, the European sector-focused private
equity investor, has acquired Casa Reha, one of the leading German private
nursing home groups. The transaction is subject to regulatory approval. The
company has been acquired from Advent International and management, both of
which are re-investing in the business. The value of the transaction was
undisclosed.

Casa Reha, founded in 1995 by Covenant Care International is headquartered in
Oberursel, Germany. The first nursing home was opened in 1996. Today, Casa Reha
is the country's fifth largest nursing home operator, with a nationwide
portfolio of 48 homes providing around 7,000 beds.

Contacts:

HgCapital
Philipp Schwalber                             Tel: [phone]

Hering-Schuppener (German Press)
Georg Jakobs/Dennis Bader                     Tel: [phone]

Maitland (UK Press)
Peter Ogden                                   Tel: [phone]

Advent International
Claudia Werth                                 Tel: [phone]

About HgCapital
HgCapital is a private-equity investor in the European mid-market. We focus on
investments with an enterprise value in the range of €75-750 million. Our
business model combines sector specialisation with dedicated, pro-active support
to our portfolio companies as well as the corresponding management expertise
across all phases of the investment process. HgCapital manages more than €2.7
billion for some of the world's leading institutional and private investors. Our
goal is to achieve outstanding results for our investors, management team and
intermediaries. Further information on HgCapital can be found at
www.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 International
Founded in 1984, Advent International is one of the world's leading global
private equity firms, with offices in 15 countries on four continents. A driving
force in international private equity for more than two decades, Advent has
built an unparalleled global platform of over 100 investment professionals
across Western and Central Europe, North America, Latin America and Asia. The
firm focuses on cross-border, strategic restructuring and growth opportunities
in five core sectors, employing a highly focused ownership approach to drive
earnings improvements in portfolio companies. Since inception, Advent has raised
£6 billion in private equity capital and completed more than 200 buyout and
private equity transactions valued at over £15 billion in 35 countries. For more
information, visit www.adventinternational.com




                      This information is provided by RNS
            The company news service from the London Stock Exchange