TIDMFPEO TIDMFPER

RNS Number : 1365I

F&C Private Equity Trust PLC

20 July 2012

   To:                    RNS 
   Date:                 20 July 2012 
   From:                F&C Private Equity Trust plc

Realisation Within the Ordinary Share Pool - Bartec

On 17 July 2012 Capvis, the Swiss based mid-market private equity firm, announced the sale of its majority stake in German explosion protection equipment company, Bartec, to Charterhouse. F&C Private Equity Trust plc ('the Company') holds Bartec as a co-investment and also through its investment in Capvis Fund III. The Company invested GBP2.5 million in Bartec in August 2008.

The combined proceeds to the Company, expected to be received on completion in August or September, will be GBP7.5 million (based on current exchange rates). This is GBP2.7 million or 57% above our most recent valuation as at 31 March 2012. During Capvis' tenure, Bartec has almost doubled its profits and the company has enhanced its product range and extended its international footprint. This is another excellent demonstration of the resilience of the European mid-market and of our investment partners' ability to add value against a generally challenging economic background.

For more information, please contact:

 
 Hamish Mair (Investment Manager)       0131 718 1184 
                                         hamish.mair@fandc.com 
 Gordon Hay Smith (Company Secretary)   0131 718 1018 
                                         gordon.haysmith@fandc.com

This information is provided by RNS

The company news service from the London Stock Exchange

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