Ratos sells Contex to Procuritas for $41.5m

Contex Group will be dismantled in conjunction with the deal and a dividend of approximately SEK 175m will subsequently be paid to Ratos.

The final returns generated by the exit depend on Contex's overall performance during the time period until completion. Over the course of the holding period, the average IRR of the asset was -16%.

Procuritas Capital Investor V LP closed on €200m in June 2012 and is managed by Hans Wikse.

Ratos acquired Contex Group from EQT in 2007, which then consisted of Contex A/S, Z Corporation and Vidar Systems. 3D Systems bought the latter two in 2011. EQT agreed to sell Contex Holding AS, a developer, manufacturer and supplier of innovative 2D and 3D digital image solutions, to Ratos for approximately SEK 1.6bn. EQT had been managing the company since 1999. Ratos's share in Contex Group is 99.6%.

Company
The Danish company Contex AS is the world's largest producer of advanced large-format 2D scanners. Contex sells both under its own brand and as an OEM supplier to HP, among others. The company was founded in 1923 and is based in Alleroed, Denmark.

People
Susanna Campbell is the CEO of Ratos.

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