Perachem Reverse Takeover

IP Group PLC
08 January 2007




For immediate release                                8 January 2007


IP Group plc

PERACHEM TO JOIN PLUS MARKETS GROUP VIA REVERSE TAKEOVER OF PRIMAVERA


IP Group plc (LSE: IPO) ('IP Group'), the intellectual property
commercialisation company, is pleased to note that Perachem Ltd ('Perachem'), a
speciality chemicals company held within the IP Group portfolio and a spin-out
company from the University of Leeds, is to join PLUS Markets Group ('PLUS
Markets') via a reverse takeover of Primavera Capital plc (PLUS: PRCO) 
('Primavera').


On completion of the transaction, IP Group's holding in Primavera will total
1,950,545 Ordinary Shares (worth £1.1 million at the placing price of 55p per
share), representing 24.5% of the enlarged share capital.


Primavera has announced today that it has agreed, subject, inter alia, to
existing shareholder approval, to issue 5,407,272 new Ordinary Shares in
consideration for the  entire issued and to be issued share capital of Perachem.
Primavera has also proposed to raise £250,000 (before expenses) by means of a
placing of 454,545 new Ordinary Shares at 55p per share. These funds will be
used to finance the development of Perachem and provide additional working
capital for the enlarged group. On completion of the transaction, Primavera has
proposed that it change its name to Eco Chemical Enterprises plc.


Perachem's business is focussed on developing the following products:


(i)   chlorine-free shrink resistant treatments for wool;

(ii)  flame retardant textiles that do not release potentially carcinogenic
      halogens and formaldehyde during their manufacture or use;

(iii) peroxide-free bleaching agents; and

(iv)  textiles with long lasting microbial protection against antibiotic
      resistant bacteria.


The acquisition of Primavera is classified as a reverse takeover under the PLUS
Markets Rules by virtue of its size and is conditional, inter alia, on the
approval of Primavera shareholders.


For further information, please contact:

IP Group plc                                                       020 7489 5200

Alan Aubrey, Chief Executive Officer
Liz Vaughan-Adams (communications)                     0207 4895206/07979 853802

Buchanan Communications                                            020 7466 5000

Tim Anderson, Mark Court, Mary-Jane Johnson


Notes for Editors

About IP Group


IP Group Plc is an intellectual property (IP) commercialisation company that
specialises in commercialising university technology. Founded in 2001, IP Group
listed on AiM in October 2003 and moved to the Official List in June 2006. It
has made two acquisitions to date - Techtran, a company set up to commercialise
university intellectual property under a long term contract with the University
of Leeds, in 2005 and Top Technology Ventures, an investment adviser to early
stage technology venture capital funds, in 2004.


The group has formed long-term partnerships with ten universities - the
University of Oxford, King's College London, CNAP/University of York, the
University of Leeds, the University of Bristol, the University of Surrey, the
University of Southampton, Queen Mary (University of London), the University of
Bath and the University of Glasgow.


As at 30 June 2006, 44 spin-out companies had been created among the group's
university partners. Of those, eight have listed on the AiM market of the London
Stock Exchange and there have been two trade sales.


For more information, please visit our website at www.ipgroupplc.com.


ENDS


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