Sale of ACIS

22 Nov 2006 15:13

Leo Capital Plc22 November 2006 22 November 2006 Leo Capital plc ("Leo Capital"/"the Company") SALE OF ACIS Leo Capital, the AIM listed investment company with stakes in public and privateUK and US companies and funds, is pleased to announce the sale of its holding inAdvanced Communications and Information Systems Limited ("ACIS") in a secondarybuyout to The Carlyle Group. ACIS is the leading real time passenger informationsystem supplier in the UK. The Company made a £1 million co-investment in ACIS in April 2005 alongside theInflexion 2003 Buyout Fund. It has received proceeds of £2.98 million whichrepresents an internal rate of return of 100% on its original investment. In addition to its direct stake in ACIS, the Company is also a limited partnerin the Inflexion 2003 Buyout Fund and will receive a distribution of £0.97million in respect of its share in the fund's interest in ACIS. Commenting on the transaction, Robert Rayne, Chief Executive Officer of theCompany, said: "Co-investment with funds where Leo Capital is a limited partnercontinues to be an important element of our investment strategy. Through thesuccessful sale of ACIS we have benefited from the strength of its business aswell as the expertise of the Inflexion managers." For further information please contact: Leo Capital plc BrunswickRobert Rayne, CEO Simon SporborgTony Sweet, CFO Anisha PatelTel: 020 7935 3555 Tel: 020 7404 5959 Notes to Editors Leo Capital plc is an independent investment company whose shares are traded onAIM. The investment portfolio comprises investments in both the US and UK, witha spread of early stage and second round technology investments, developmentcapital and mature company buy-outs. At 31 March 2006 the structure of the investment portfolio was as follows: US UK Total £'000 £'000 £'000 Quoted 37,897 18,924 56,821securities Unquoted 13,316 84,018 97,334securities Funds 62,291 10,154 72,445 Total 113,504 113,096 226,600 Website www.leocapitalplc.com This information is provided by RNS The company news service from the London Stock Exchange