DGAP-Adhoc: Navigator Equity Solutions N.V. acquires The Ascendo Group N.V. – Development from operational industry group to financial services provider


Navigator Equity Solutions N.V. / Acquisition

02.06.2008 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Eindhoven, June 02, 2008 – Navigator Equity Solutions N.V. announces the
acquisition of 100% of The Ascendo Group N.V. for a purchase price of 2.8m
euros. The transaction was executed with the approval of the Supervisory
Board. Through its operational subsidiaries Ascendo Management GmbH
(100%)and ACON Actienbank AG (64.9%), The Ascendo Group N.V. provides a
broad range of financial services to German and international costumers.

With this transaction Navigator Equity Solutions N.V. further broadens its
operational focus and develops from an industrial holding company focused
on acquiring majority participations into a financial services company with
a full range of services dedicated to the small and mid cap market. In
addition to its existing private equity business, Navigator Equity
Solutions N.V. will add (i) investment advisory, (ii) management
consultancy and interim management services, as well as (iii) investment
banking activities to its lines of business. At the same time Navigator
Equity Solutions N.V. will significantly expand its personnel resources and
such its scope in the market place. It is intended that the existing
management board of The Ascendo Group N.V. will join the Navigator Equity
Solutions N.V. management board after the finalisation of the purchase. The
transaction is subject to the approval of an Extraordinary General Meeting
of shareholders.

Following the transaction, the company intends to execute on a shareholder
value programme by means of a substantial share buy back programme. It is
envisaged to return an amount of 7 to 10m euros to shareholders over the
next 3 years within such a programme. In addition Navigator Equity
Solutions N.V. plans to follow a shareholder friendly dividend policy in
the future und intends to distribute between 30 to 50% of the annual net
income in the coming years.

For further questions please contact our Investor Relations team directly:

Navigator Equity Solutions N.V.
Investor Relations
t: +49 (0) 89 244118-413
f: +49 (0) 89 244118-499
info@navigator-equity.com 

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Information and Explaination of the Issuer to this News:

Navigator Equity Solutions N.V. is a publicly listed industrial company
which focuses on investments in and active development of medium sized
companies which face a special situation. Typically Navigator Equity
Solutions N.V. acquires majority participations in privately held
companies. The company is acting across all industries and focuses on
technology, general industry and service companies. Navigator’s objective
is to create long-term shareholder value in its portfolio companies.
DGAP 02.06.2008 
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Language:     English
Issuer:       Navigator Equity Solutions N.V.
              Aalsterweg 181 a
              5644 RA-Eindhoven
              Niederlande
Phone:        +31 (0)40 213 59 30
Fax:          +31 (0)40 213 56 04
E-mail:       info@navigator-equity.com
Internet:     www.navigator-equity.com
ISIN:         NL0000419398
WKN:          A0B8U5
Listed:       Regulierter Markt in München; Freiverkehr in Berlin; Open
              Market in Frankfurt
End of News                                     DGAP News-Service
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