Ratos has decided to refinance its holding in Camfil which will
provide Ratos with a cash payment of approximately SEK 450m. The
refinancing was made possible by the positive earnings trend in
recent years.
In 2000, Ratos acquired 30% of the shares in Camfil which is today
the world leader within clean air technology and air filters. The
group's products and services contribute to a good indoor climate and
protect sensitive manufacturing processes and the surrounding
environment. Production is carried out in 23 plants on four
continents and the group is represented by subsidiaries and agents in
over 50 countries. The group has over 3,000 employees. Camfil has had
a strong sales and earnings development in recent years and sales in
2007 amounted to SEK 4,115m with an operating profit (EBITA) of SEK
352m.
The refinancing of Ratos's holding in Camfil involves Ratos raising a
loan in one of Ratos's wholly owned subsidiaries with Ratos's shares
in Camfil as collateral. The refinancing will not affect Camfil's
balance sheet but means that Ratos will receive approximately SEK
450m. Ratos's consolidated book value for Camfil will therefore be
adjusted downwards by a total of approximately SEK 450m. The
refinancing will have no earnings impact for Ratos's Group.
For further information, please contact:
Arne Karlsson, CEO Ratos, +46 8 700 17 00
Clara Bolinder-Lundberg, Head of Corporate Communications Ratos, +46
8 700 17 63
Financial calendar from Ratos:
AGM 2008 9 April 2008
Interim Report January - March 2008 8 May 2008
Interim Report January - June 2008 22 August 2008
Interim Report January - September 2008 7 November 2008
Ratos is a listed private equity company. The business concept is to
maximise shareholder value over time by investing in, developing and
divesting primarily unlisted companies. Ratos offers investors a
unique investment opportunity. The equity of Ratos's investments is
approximately SEK 12 billion and a market capitalisation of
approximately SEK 31 billion. Ratos's holdings include AH Industries,
Anticimex, Arcus Gruppen, Bisnode, Camfil, Contex, DIAB, EuroMaint,
GS-Hydro, Haendig, Haglöfs, HL Display, HÅG/RH/RBM, Hägglunds Drives,
Inwido, Jøtul, Lindab, MCC, Medifiq Healthcare, Superfos and Other
holdings.
