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. --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- 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. Navigators objective is to create long-term shareholder value in its portfolio companies. DGAP 02.06.2008 --------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------
DGAP-Adhoc: Navigator Equity Solutions N.V. acquires The Ascendo Group N.V. Development from operational industry group to financial services provider
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