The Fantastic Company AG
Corporate Equity Partners AG: CEP acquires majority share in a French specialist for fashion accessories
Corporate Equity Partners AG / Key word(s): Acquisition 19.03.2012 22:28 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- As part of a management buyout, Corporate Equity Partners AG ('CEP'), based in Zug in Switzerland, has subscribed a capital increase to acquire a majority share in SICARA Fashion Accessories SARL ('SICARA' or 'Company'), which is based in Bois-le-Roi in France. SICARA's General Meeting granted CEP with 79% of the shares in the company. The SICARA management subscribed for the remaining shares in cash. CEP is contractually obliged to participate in another capital increase together with the SICARA management. CEP's shareholding in SICARA will remain unchanged at 79%. The funds required for this action shall be provided from the execution of the capital increase agreed at the Extraordinary General Meeting of Corporate Equity Partners AG on 10 February 2012. SICARA was founded under the name of 'Hennert' in 1963. Since then, the company has sold fashion accessories - particularly sunglasses from various brands - over the hyper-marché distribution channel in France. The company had generated sales of slightly over EUR 5 million in the previous financial year (ending 31 July 2011). SICARA is in a turnaround situation and expects a balanced result for the current financial year. Corporate Equity Partners AG, Zug, Switzerland www.corporate-equity.com Contact: Oliver Krautscheid oliver.krautscheid@corporate-equity.com 19.03.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Corporate Equity Partners AG Obmoos 4 6301 Zug Switzerland Phone: 0041443502280 Fax: 0041443502282 E-mail: info@corporate-equity.com Internet: www.corporate-equity.com ISIN: CH0108753523 WKN: A0YJEW Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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