UK - KCL rebrands as August Capital

Guy
13 March 2006

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Kleinwort Capital Ltd announced today that it will change its name to August Equity, effective immediately. Accompanying the name change is the release of a new company logo, which will begin appearing on the website (www.augustequity.com) and all company related materials starting today.

The name change complements the company’s evolutionary process but will not result in changes to the company’s strategy. August Equity will remain focused on investing in UK growth companies valued between £10m and £100m in the four specialist sectors of media, technology, healthcare and specialist manufacturing, and aims to continue the drive forward as a leading independent firm.

The original Kleinwort Capital name was part of a joint venture started in November 2001 with Dresdner Kleinwort Capital, the private equity division of Dresdner Kleinwort Wasserstein, and Kleinwort Capital Trust, a quoted investment trust managed by KCL. Dresdner Kleinwort Wasserstein has now exited this joint venture.

In additional recent news, on 6 March, the company announced that it took two new investors on board – Swiss-based Partners Group and F&C Private Equity Trust plc. Both bought out Dresdner Kleinwort Wasserstein’s £60 million commitment in the firm’s latest fund – Kleinwort Capital Partners IV. Partners Group acquired 75% of this commitment whilst F&C Private Equity Trust Plc purchased the remainder.