EQMC Fund Acquires Largest Holding in Automotive Supplier Grammer AG

LONDON, November 23 -- The EQMC Fund ("EQMC") announced today that it has acquired 10% of the shares of Grammer AG via market transactions and as such has become the largest shareholder of the company. EQMC may continue to build its stake in the company, but does not seek a control position.

EQMC is an active and longer term investor and plans to support the management of Grammer in the execution of the company's strategy. EQMC will provide a stable core in the shareholder base of the company in support of the development of the company.

EQMC believes that Grammer AG has significant value potential as an independent company, led by its current management. The Fund will explore with Grammer the most appropriate means through which it may contribute to the company.

Dr. Bernd Blankenstein, Chairman of the Supervisory Board of Grammer AG, stated with regards to the EQMC investment announcement that "We welcome the commitment of EQMC to Grammer and believe it underlines the value potential of our company."

Mr. André Rogowski, Manager of EQMC, added that "Grammer is an impressive company, with a very strong market position and significant cash generation. It has a great platform for significant growth of sales and profits in its core divisions. We look forward to working with the management".

UniCredit Markets & Investment Banking, Munich acted as an advisor to EQMC for this investment

Grammer AG is one of the leading global suppliers of premium automotive interior elements, with particular strength in (i) seating for professional drivers and (ii) high-end car interior components. Products include headrests, armrests, central consoles, passenger seats and heavy-vehicle driver seats, supplied to clients such as BMW, Daimler-Chrysler, VW, MAN and John Deere. The company has been listed on the German stock exchanges since 1996. It has revenues of over EUR 850m and approximately 9,000 employees worldwide.

The EQMC Fund is managed from London and typically invests in significant minority stakes of 5-20% in quoted companies with a market capitalisation of under EUR 1bn. The Fund is a collaborative investor which works with management teams and other shareholders to build value in companies. The QMC family of funds has been in operation since 2003. The EQMC Fund is promoted by the N+1 Group, an independent Spanish investment bank and asset management firm, and by the Electra Partners Group, the long-established UK fund manager. The Advisory Council of EQMC includes senior figures such as the former British Cabinet Minister Lord Norman Fowler and the industrialist Gonzalo Hinojosa.

    
    For further questions contact:
    Roland Klein (+44-777-616-2997) or Merlin Koene (+49-89-599-458-126)
    CNC - Communications & Network Consulting (UK) Ltd.
    Bedford House
    3 Bedford Street
    London WC2E 9HD

For further questions contact: Roland Klein (+44-777-616-2997) or Merlin Koene (+49-89-599-458-126), CNC - Communications & Network Consulting (UK) Ltd., Bedford House, 3 Bedford Street, London WC2E 9HD