SVG Capital PLC
02 July 2007
For immediate release 2 July 2007
Realisation of Takko
SVG Capital has today been advised that funds advised by Permira have signed an
agreement to sell their holding in Takko, the German based fashion discounter.
The value of this realisation for SVG Capital is £41.2 million, an approximate
net uplift (after a provision for carried interest) of £23.6 million (15.9 p per
share) to the December 2006 valuation of Takko.
Funds advised by Permira originally acquired Takko in March 2000. Since then,
the fashion discounter has grown substantially and now has 1,050 outlets in 10
The transaction is subject to approval from the cartel authorities, with their
decision expected in August 2007.
For further information, please contact:
SVG Capital plc
Alice Kain 020 7010 8925
Alex Clelland/Francesca Reville 020 7786 4888
This information is provided by RNS
The company news service from the London Stock Exchange