10 January 2017
Candover Investments plc
Candover Investments Plc ("Candover")* today announces the realisation of its
remaining investment in Technogym S.p.A ("Technogym"), which is managed by Arle
Capital Partners Limited. The realisation follows the partial realisation
completed at the time of the initial public offering of Technogym in April
2016.
Candover has disposed of the balance of its interest in Technogym for cash
proceeds of approximately €9.5 million (£8.3 million). Candover's interest in
Technogym was valued at £7.1 million in its unaudited accounts for the period
ended 30 June 2016.
Ends.
* Candover means Candover Investments plc and/or one or more of its
subsidiaries
For further information, please contact:
Candover Investments plc
Malcolm Fallen, CEO +44 20 7489 9848