IP Group plc (LSE: IPO) ('IP Group' or 'the Group'), the developer of intellectual property-based businesses, is pleased to note that portfolio company Perachem Holdings plc ('Pera' or 'the Company') is launching its first range of hair products at the 'Salon International' event at London's ExCel Centre this weekend.

Pera, a spin-out company from the University of Leeds in which IP Group has a 31.4% interest, is launching its Re-Kolour Hair Colour Remover. This is a patented, scientific formula which allows the removal of artificial hair colour without compromising the condition or affecting the natural pigment of the hair, allowing hair colour to be changed frequently without the fear of damage.

The Company is also launching its patented 'Triple Impact' pre shampoo treatment, a game-changing professional treatment that delivers shine and body while significantly reducing hair drying time. Both products will be sold directly into hair salons.

Nick Wood, CEO of Pera, said: 'After working in the hair sector for a combined 75 years and noticing the archaic and outdated formulas available on the market today, the Pera|357 team worked closely with chief scientist and colour chemistry specialist Professor David Lewis, and a team of industry leading hairdressers to create a range of revolutionary professional products. With a focus on less aggressive, kinder formulas and technology, Pera|357 have created two ground breaking products, changing the face of the permanent hair colour and professional treatment markets as we know them.'

The team will be on stand D180 at Salon International at ExCel London between 15-17 October.

For more information, please contact:

IP Group plc

www.ipgroupplc.com

Alan Aubrey, Chief Executive Officer
Greg Smith, Chief Financial Officer
Liz Vaughan-Adams, Communications

+44 (0) 20 7444 0050

+44 (0) 20 7444 0062/+44 (0) 7979 853802

Notes for editors

About IP Group

IP Group is a leading intellectual property commercialisation company which focuses on evolving great ideas, mainly from its partner universities, into world-changing businesses. The Group has pioneered a unique approach to developing these ideas and the resulting businesses by providing access to business building expertise, capital (through its 100%-owned FCA-authorised subsidiary IP Capital), networks, recruitment and business support. IP Group has a strong track record of success and its portfolio comprises holdings in approximately 80 early-stage to mature businesses across four main sectors -- Biotech, Cleantech, Healthcare and Technology. The Company is listed on the Main Market of the London Stock Exchange under the code IPO.

For more information, please visit our website at www.ipgroupplc.com.

ENDS

IP Group plc published this content on 14 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 October 2016 08:29:05 UTC.

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