News Release: Executive Managing Group AG (EXMAG)
Announces Management Buy-Out
Submitter: Executive Managing Group AG
Release Date: 08-10-2007; 18:00 h CEST
PFÄFFIKON SZ, SWITZERLAND, 10 August 2007 - EXMAG,
a European international investment company specialising in distressed
investments and turn-around management, today announced the completion
of a management buy out (MBO) involving the sale of 100% of EXMAGs
shares to senior managers. The EXMAG is a privately held Swiss company
that was founded in May 2003 by a group of individual investors
to provide equity financing to the fast growing number of distressed
companies and help entrepreneurs create and build enduring value.
Led by Andreas Stoltze, the current Managing Director
of EXMAG, the MBO has been driven by the company's successful positioning
in the takeover and turnaround market. In the financial year 2007,
EXMAG is managing deal-by-deal investments amounting to half a billion
USD. Andreas Stoltze comments: The scale of our international
network sets us apart. The expertise of our handpicked managers,
combined with our network of business leaders and investment relationships,
underpins the value that we deliver. We have the capability to pursue
opportunities that lie beyond the reach of other investment companies,
including complex deals across international borders or combined
financial and operational turn-arounds, large buy and build deals.
Recently introduced products like the management of non performing
loans are now establishing themselves in all our major markets,
providing EXMAG with a strong base for the future.
Management changes within the existing executive management
team will see Andreas Stoltze assume the role of CEO and President.
Marcel Egli has appointed as Finance Director. Erich Pfleger, the
second Managing Director, left the company as of July 31, 2007.
The MBO has been financed by Andreas Stoltze. The
conditions of the deal will not be disclosed.