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2000-06-21

Industri Kapital buys LAHO EQUIPEMENT and makes its first investment in France

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The Industri Kapital 2000 Fund has completed the acquisition of LAHO EQUIPEMENT from an international consortium of investors led by Bridgepoint Capital. Industri Kapital’s intention is to contribute to the consolidation of the construction equipment rental market around LAHO EQUIPEMENT, through an industry expansion in this sector in France.

“This first investment is proof of Industri Kapital’s strategy to establish ourselves also in France, and comes four months after the appointment of Christopher Masek as Director in charge of investments in the French market”, says Björn Savén, Chief Executive of Industri Kapital.

“With our new owner LAHO EQUIPEMENT will have the possibility to expand and better serve its clients through an increased national coverage”, says Serge Ansaldo, Chief Executive of LAHO EQUIPEMENT.

“This acquisition is highly innovative in France, as its structure specifically provides finance for external growth”, says Christopher Masek. “We are confident that the management team will continue to deliver quality service and outstanding performance”.

Favoured by construction and public works industry leaders, LAHO EQUIPEMENT supplies the widest range of products on the market. As well as offering the major brands of construction equipment, the company offers its clients tools and consumables, both for rental and purchase.

Industri Kapital’s advisors in this first investment in France include Siméon & Associés and Arthur Andersen. The Royal Bank of Scotland Plc.(France), has provided debt financing for the transaction.

For further information please contact:

Christopher Masek, Director, Industri Kapital, +44 20 7304 4300

Gustav Öhman, Director, Industri Kapital, +44 20 7304 4300

Serge Ansaldo, Chief Executive, LAHO EQUIPEMENT, +33 1 46 64 10 05

www.industrikapital.com

www.laho.fr

Press agency : AKKA, Stephanie Elbaz
Tel: 01 53 04 08 09 / Fax: 01 53 04 08 07
e-mail: selbaz@imaginet.fr

About Industri Kapital

Industri Kapital is a leading European private equity firm with equity capital under management in excess of 2 billion EUR. Since 1989, 35 investments have been made in European companies in various industries. The fund investors are large Nordic, European and American institutional investors such as pension funds, investment and insurance companies.

About LAHO EQUIPEMENT

LAHO EQUIPEMENT is the second largest in France in both rental and sale of construction and public works equipment. The company has a national coverage via a network of 75 branches throughout France. LAHO EQUIPEMENT employs 700 employees and is forecasted to realise a turnover in excess of FF 900 million in the year 2000.

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