24 Sep 2007 09:57
Bear Stearns Private Equity Limited24 September 2007 Bear Stearns Private Equity Limited HSBC Private Bank Building, Rue du Pre, St Peter Port, Guernsey GY1 1LU 24 September 2007 Dear Sir, BEAR STEARNS PRIVATE EQUITY LIMITED Bear Stearns Private Equity Limited ('BSPEL') announces the purchase of a €24.44million interest in HGX Private Equity Fund L.P. ('HGX'), a limited partnershipregistered in England under the Limited Partnerships Act 1907 with registerednumber LP9987. HGX is a European private equity buyout firm focused in media-related businesses. The investment will be financed through BSPEL's available cash balances relatedto its April 2007 offering. BSPEL intends to syndicate a portion of thisinvestment to co-investors at a later date. The transaction will further develop BSPEL's private equity portfolio and reducecurrent cash levels. Additionally, BSPEL expects this investment to enhance itsEuropean diversification and provide exposure to high quality media assets End. This information is provided by RNS The company news service from the London Stock Exchange