Atle IT divests part of its holding in DV Sweden AB
Atle IT divests part of its holding in DV Sweden AB * Exit gains: SEK 62 m * Annual return: 57% Atle IT has sold 600,000 shares in DV Sweden AB, corresponding to about 11% of the company's shares and votes. The group-level exit gains from the transaction are SEK 62 m. The average annual return generated on Atle's investment in DV Sweden AB, from shares it has divested so far, is 57%, including the sale coincident with DV Sweden AB's IPO in April 1999. Subsequent to this latest transaction, Atle retains just over 20% of DV Sweden AB's shares and votes. Stockholm, 6 March 2000 Atle AB (publ) If you have any queries, please contact Bengt Paulsson, Atle IT's Chief Executive, on +46 (0)8 506 101 30. Atle- key facts Atle is a growth company that intends to be 2-3 times its current size in 5 years' time. Atle is a private equity player, investing in unlisted companies, participating actively in their development, and after a few years, finding them a suitable new home- through an exit- thereby realising value growth. Since 1993, the Atle group's earnings have risen progressively, from SEK 373 m to SEK 1,025 m in 1999. Atle maintains a high transaction tempo, acquiring over 20 enterprises across all sectors each year. Since inception in 1992, Atle has invested in approximately 200 businesses and exited from over 100. Its annual return from these exits has exceeded 50%. 43 of its holdings (26% of invested capital) are in IT and other technology enterprises. Atle is quoted on the Stockholm Stock Exchange's A-list and has approximately 14,000 shareholders. ATLE AB (Publ) P.O. BOX 7308 S-103 90 STOCKHOLM SWEDEN VISITORS: REGERINGSGATAN 48 TELEPHONE +46-8-506 101 00 TELEFAX +46-8-506 101 10 REGISTERED OFFICE: 556454-8799 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/03/06/20000306BIT00370/bit0001.doc http://www.bit.se/bitonline/2000/03/06/20000306BIT00370/bit0002.pdf