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62 INDUSTRY POLYCONCEPT CHARLESBANK CAPITAL PARTNERS TAKES OVER Polyconcept, the parent company of Polyconcept North America (PCNA) and PF Concept, has been acquired by an investment group led by Charlesbank Capital Partners, LLC. The capital for this transaction is provided by Charlesbank, the management and a number of other investors. Further details of the agreement were not disclosed. The takeover by Charlesbank does not entail any changes to the management. “Business as usual” applies for all customers of Polyconcept worldwide. The successful eleven-year partnership with Investcorp ends as a result of the acquisition. The acquisition of PF Concept in Europe and Leed’s in the USA in 2005 laid the foundation of Polyconcept. Subject to compliance with regulatory requirements and other customary closing conditions, the transaction is expected to be completed in the third quarter of 2016. “We are concluding a successful chapter with Investcorp and are grateful for the long-term partnership,” says Gene Colleran, Chief Executive Officer of Polyconcept. “We look forward to the new partnership with the Charlesbank, which looks back on a long tradition of investment. With the financial support, strategic guidance and the significant network of Charlesbank, we now have all the resources to continue to increase the company’s value considerably.” “Charlesbank is the ideal partner for Polyconcept. I look forward to the opportunities offered to us by Charlesbank: The growth of our business and the introduction of new initiatives that support our long-term strategy,” says Ralf Oster, Chief Executive Officer of PF Concept Europe. “We expect that the transition will be seamless for both our customers and our employees.” Josh Klevens, the Managing Director of Charlesbank, is especially convinced by the competitive position and the diversity of Polyconcept with respect to its customers, suppliers, price positioning and international locations. “We are very pleased to be working with the existing management,” says Klevens. POLYCONCEPT Polyconcept operates worldwide in more than 100 countries. With branches in the USA, Europe, Hong Kong, Canada and China, the company distributes its wide range of promotional products and giftware to more than 100,000 companies – from small SMEs to globally operating corporations – with the support of a dense network of specialised distributors of promotional products. www.polyconcept.com. POLYCONCEPT NORTH AMERICA Polyconcept North America (PCNA) is a wholly owned subsidiary of the global market leader Polyconcept. The company is responsible for the brands Leed’s, JournalBooks and Trimark Sports- PSI Journal 8-9/2016 www.psi-network.de wear as well as the Bullet and Humphrey ranges and thus distributes some of the most successful brands in North America. PCNA is characterised by firstclass service and guarantees the highest standards in quality and reliability in the market. www.pcna.com. PF CONCEPT As an important supplier of promotional products and giftware in Europe, PF Concept combines an extensive product range with comprehensive Europe-wide services that provide real added value for distributors. PF Concept is the preferred one-stop marketing solution for 9,200 promotional products distributors in more than 60 countries. The headquarters in Roelofarendsveen near Amsterdam maintains nine sales offices all over Europe. www.pfconcept.com. CHARLESBANK CAPITAL PARTNERS Based in Boston and New York, the investment firm Charlesbank Capital Partners is a medium-sized private equity firm that manages over US$3.5 billion of capital. Charlesbank focuses on management buy-outs and growth capital financing. www.charlesbank.com. <

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