Conversus Capital, L.P. (Euronext Amsterdam: CCAP) ("Conversus") announces the close of its acquisition of Conversus Asset Management and Conversus Participation Company (together, "CAM") as previously outlined in a press release dated 2 July. As a result of the acquisition, Conversus will in-source the ongoing management of its portfolio under the direction of a new investment committee composed of members of the board of directors of Conversus´ general partner.
In connection with the acquisition, Mark Anson and David Belk have stepped down as Non-Voting Advisors to Conversus´ Board of Directors. In addition, Bob Long, President and Chief Executive Officer of CAM, has resigned, effective immediately.
About Conversus Capital
Conversus is a publicly traded portfolio of third party private equity funds. Conversus provides immediate exposure to a diversified portfolio of private equity assets managed by best-in-class general partners. Conversus´ objective is to maximize long-term unit holder value by harvesting its existing portfolio and returning capital to unit holders.
Legal Disclaimer
This press release is not an offer to sell, or a solicitation of an offer to buy, securities in the United States or elsewhere. Securities may not be sold in the United States absent registration with the U.S. Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended. Conversus is not a registered investment company under the U.S. Investment Company Act of 1940, as amended (the "Investment Company Act"), and the resale of Conversus securities in the United States or to U.S. persons other than to qualified purchasers as defined in the Investment Company Act is prohibited. Conversus does not intend to register any offering in the United States or to conduct a public offering of its securities in the United States. Conversus is an authorised closed-ended investment scheme for Guernsey regulatory purposes. Conversus is registered with the Netherlands Authority for the Financial Markets as a collective investment scheme which may offer participation rights in the Netherlands pursuant to article 2:66 of the Financial Market Supervision Act (Wet op het financieel toezicht). Past performance is not necessarily indicative of future results.
The common units and related restricted depositary units of Conversus are subject to a number of ownership and transfer restrictions. Information concerning these ownership and transfer restrictions is included in the Investor Relations section of Conversus´ website at www.conversus.com.
