SWEDEN - Segulah II LP complets re-capitalisation of Dacke PMC

Segulah III LP has completed a re-capitalisation of Dacke PMC, a provider of hydraulic equipment and engineering solution. Dacke has been able to repay a subordinated loan provided by Segulah III L.P at the time of acquisition in July 2005. The recapitalisation consists of an additional trance of senior debt and excess cash. The total amount that is repaid, including interest accrued and loan principal, corresponds to an amount slightly in excess of the total amount invested by Segulah III LP at the time of acquisition.