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14.01.2010 Finatem announces the first closing of Finatem III at € 120 million Finatem, one of Germany's leading lower mid-market private equity firms, announces the first closing of Finatem III at € 120 million. This represents 80% of its target size of € 150 million and equals the size of its previous fund, Finatem II, which is now fully invested. Over 70% of commitments have come from institutional investors and 60% of the amounts subscribed are from international investors. Christophe Hemmerle, Managing Partner of Finatem, said: "As we all know, 2009 has been a difficult year in which we have had to work very closely with our portfolio companies. Despite the market challenges, our portfolio is performing well. We are pleased with the strong support shown by our existing investor base as well as being able to attract well regarded new investors. We believe it is a great achievement to hold such a strong first closing in the current market where investors are highly selective and capital is so limited." The fund will continue Finatem's successful strategy of acquiring majority stakes in buy-outs of German small and medium sized enterprises (SMEs) focussing on enterprise values between € 20 and € 50 million and revenues between € 25 and € 125 million that have clear potential for operational driven value enhancement: the Mittelstand's 'Hidden Champions'. Established in 2000 and now wholly partner-owned, Finatem has a stable team with a unique combination of investment professionals and industry experts. To date, the team has completed 11 platform acquisitions, 7 add-on investments and 5 realisations, with no write-offs. The remaining companies in Finatem II's portfolio are performing particularly well due to the quality of their assets and the companies' ability to react quickly and adapt to the adverse market conditions. SJ Berwin is acting as legal and tax adviser to Finatem. Further information, please contact: Christophe Hemmerle Managing Partner Email: c.hemmerle@finatem.de Robert Hennigs Managing Partner Email: r.hennigs@finatem.de