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BELGIUM/SWEDEN - EQT sells deSter to Gate Gourmet

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EQT, through its funds EQT I and EQT III, has agreed to sell deSter Holdings B.V. to Gate Gourmet, a provider of airline catering and provisioning services. EQT-owned Duni AB, headquartered in Sweden, acquired deSter in 1999 and since then has substantially restructured and reshaped the business and developed its positions within the in-flight equipment and in-flight catering industry. During the first quarter of 2007, Duni sold the shares in deSter Holdings B.V. to a newly established holding entity, wholly owned by EQT.

deSter is a designer, producer and supplier of onboard services and products. With operations on three continents and with over 350 airlines as customers, the company is the global market leader within in-flight equipment. Through the acquisition of Supplair in 2005, deSter is also well positioned within the larger in-flight food solutions market through its unique and cost competitive offering. deSter is headquartered in Hoogstraten, Belgium, and has about 1,000 employees. In 2006 deSter had sales of EUR 235m.
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