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2014-05-28

EQT Holdings AB: EQT Expansion Capital II Sells its entire investment in Sausalitos Holding to Ergon Capital Partners III

· EQT Expansion Capital II exits the investment in Sausalitos
Holding GmbH by selling its 47% equity stake and being repaid the
outstanding Expansion Capital Facility

· Sausalitos expanded its store network by 9 new stores, introduced
various sales initiatives and substantially strengthened its
operational platform during EQT Expansion Capital II's investment
period

EQT Expansion Capital II Limited ("EQT Expansion Capital II") has
agreed to sell Sausalitos Holding GmbH ("Sausalitos" or "the
Company"), one of the leading German leisure restaurant and bar
chains to Ergon Capital Partners III ("Ergon Capital").

"Sausalitos is among the leading German leisure restaurant chains,
differentiating itself with a dynamic and trendy appearance. The
leisure restaurant chain segment is an attractive part of the German
gastronomy market and has shown substantial growth and increased
market share over the last years. With a highly attractive store
pipeline, Sausalitos is ideally positioned to capitalize on the
underlying market trend. Under joint ownership of the founder Thomas
Hirschberger and EQT Expansion Capital II, management has been
strengthened and a strong operational platform has been built. This
now enables the Company to transition into the next phase of growth",
says Michael Föcking, Partner at EQT Partners, Investment Advisor to
EQT Expansion Capital II.

Sausalitos operates 27 restaurants in Germany and offers its customers
a unique experience through the combination of lifestyle concept,
innovative cocktails, international cuisine and high quality service.
Through its innovative marketing, including social media coverage and
frequent promotions, Sausalitos has achieved above market
like-for-like sales growth of 25% in the last 3 years. Since EQT
Expansion Capital Il's investment, Sausalitos expanded its store
network by 9 new stores, introduced various sales initiatives and
substantially strengthened its operational platform, thereby growing
the top line by 10% CAGR over the last 5 years.

Management (including Gunilla Hirschberger, COO of Sausalitos and
Thomas Hirschberger's wife) will continue to run the business after
the completion of the transaction.

Gunilla Hirschberger said: "Over the last couple of years we have
succeeded in building a strong brand, a loyal customer base and
continuously innovating the Sausalitos concept. In combination with
our attractive pipeline of new stores to be opened, we are well
positioned to materially increase the number of stores in Germany and
to also expand abroad. We are glad to have Ergon Capital as a new
partner who will continue to back our strategy and growth plans."

The transaction is subject to approval from the German competition
authority and is expected to be completed in July 2014.

Contacts:
Michael Föcking, Partner at EQT Partners, investment advisor to EQT
Expansion Capital II, +49 (69) 247 045 0

EQT Press Department +46 8 506 55 356
About EQT
EQT is the leading private equity group in Northern Europe, with
portfolio companies in Northern and Eastern Europe, Asia and the US
with total sales of more than EUR 25 billion and over 500,000
employees. EQT works with portfolio companies to achieve sustainable
growth, operational excellence and market leadership.

More information can be found on www.eqt.se

About Sausalitos Holding GmbH
Sausalitos is one of the leading casual gastro pub chain with 27
locations in Germany. Sausalitos stores have a common branding and
interior design following a leisure-like Southern-style theme. The
company offers its customers a great variety of food and drinks.
Products are positioned in the mid-to-higher price segment. The
company targets consumers in the 18-30 age range, mainly students and
young professionals. Sausalitos generates 100% of its sales in
Germany and operates its own restaurants as well as franchises. The
company is headquartered in Munich and employs c. 900 part- and
full-time staff. Sausalitos was founded in 1994 by Thomas
Hirschberger.

More information can be found on www.sausalitos.de

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http://news.cision.com/eqt-holdings-ab/r/eqt-expansion-capital-ii-sells-...
http://mb.cision.com/Main/87/9592819/250159.pdf

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