Stockholm December 1, 2004
Segulah I LP has sold its stake in Education and Entertainment Nordic AB (“EEN”), Scandinavia’s largest mail order distributor of compilation music CDs and children’s educational CD ROMs, to a consortium under the leadership of part of EEN:s management.
Segulah invested in December 1999 together with Duke Street Capital and the EEN management in the buy-out of EEN. With the support of Segulah and Duke Street Capital the management has successfully expanded the EEN business into educational CD ROMs, audio books and DVDs.
With the sale of EEN the last investment in Segulah I LP has been sold and Segulah I, L.P. will be closed.
For further information, please contact:
Anders Lauren, CEO EEN
Phone: +46 (0)31-734 37 01, +46 (0)708-18 24 30
Gabriel Urwitz, Segulah
Phone: +46 (0)8-442 89 50, +46 (0)70-590 89 00