Expander Advisors Sp. z o.o.
www.expander.pl

Expander is a leading and the first Independent Financial Advisor in Poland with strong brand backed by high quality services and network. The Company offers multiple financial products and advises its clients on selecting the best solution. Expander co-operates with a number of domestic and international financial institutions to have attractive and comprehensive product base meeting client's expectations.

Investment in late 2007 to support growth and foreign expansion of the Company.

Dom Maklerski TMS Brokers S.A.
www.tmsbrokers.pl

TMS Brokers, Warsaw based company, is the leading and the first licensed FX brokerage house in Poland. The company provides financial advisory, FX brokerage activities and asset management services. TMS Brokers offers trading platforms for individual and corporate investors, provides market data, analysis and reports as well as hedges companies against currency risk.

Investment in 2007 to strategically support the further growth of the Company.

Romprest Service
www.romprest.ro

Romprest Service SA is a market leading Romanian facilities and waste management company active in three major fields: 1) Cleaning of industrial and domestic complexes; 2) Waste management services; 3) Roads Division: repair & maintenance.

Investment in 2007 to finance the expansion of the business.

CVO Group
www.cvogroup.com

CVO-Group is the largest recruitment firm in Central Europe and the Baltics. It provides online and traditional recruitment services as well as other HR services and solutions.

Investment in 2001 to support building a regional online recruitment business out of a small Estonian company.

Mobiltel EAD is the largest GSM mobile telephony operator in Bulgaria with a 75% market share.

Investment in 2004 as part of a €1.1bn consortium in the largest ever LBO in Central Europe and successful exit to Telecom Austria in 2005.

Orange Slovensko is the leading GSM mobile telephony operator in Slovakia.

Investment as part of a minority consortium in 2001 and successful exit in 2005 to the majority shareholder Orange, the France telecom subsidiary.

STK is a cable television service provider in Southern Poland. Its network covers more than 144,000 homes and services over 65,000 subscribers. The company focuses on increasing ARPU through introduction of new services such as Internet access based on its state-of-the-art fibre network.

Investment in 2002 and successful exit via trade sale to a competitor in 2005.

ClickAd, founded in July 2000, is a leading Polish Internet advertising media operation. The company provides media agencies, advertisers and media owners with innovative online advertising and digital media solutions and services.

Investment in 2006 to support the growth of the company.

LogMeIn develops and markets innovative remote control, productivity, management and security products that serve mobile professionals and system administrators. Its brands include LogMeIn, an on-demand access service, and the RemotelyAnywhere line of software. Based just outside of Boston, USA, LogMeIn also maintains a development lab in Budapest, Hungary.

Investment in 2004 to support the international expansion of the company incl. relocation of the headquarters.

Systinet provides companies with the ability to create, publish, discover and use Web Services and functional software components accessible via the Internet. Systinet is located in Boston, USA with the development team in Prague, Czech Republic.

Investment in 2001 to support the international expansion of the company incl. relocation of the headquarters. Successful exit via trade sale to US listed Mercury Interactive in 2006.

PXP Group AG
www.pxpgroup.com

PXP is a regional eBusiness and eFinance software solutions provider headquartered in Vienna with subsidiaries in Austria, Czech Republic and Slovakia. Its clients are mainly large and medium size enterprises across the region.

Investment in 2004 to support PXP's regional expansion.

LaserBit Communications Kft.
www.laserbit.hu

LaserBit, a Hungarian manufacturer and marketer of wireless, free space optical lasers for voice, data and video transmission systems and as telecommunications equipment for optical networks.

Investment in 2001 and exit in 2005 via sale to a co-investor.

Mobil ASK Kft.
www.mobilask.hu

Mobile Ask is Hungarian, Czech and Slovak leader in integrated mobile phone after-sales services and operator-independent mobile communications equipment retail sales.

Investment in 2000 to support growth and regional expansion of this originally Hungarian company.

Centrul Medial Unirea s.r.l.
www.cmu.ro

Centrul Medical Unirea is a leading Romanian medical services company currently operating 8 clinics for primary care in Bucharest, a surgery clinic, women’s’ clinic and maternity services. The company has a major focus on corporate subscriptions, providing integrated medical services for more than 43,000 subscribers.

A combined expansion capital and partial buyout investment in 2007 to support the further growth of Unirea.

Cycleenergy
www.cycleenergy.com

Cycleenergy is a bio-energy group focused on decentralised, rural renewable energy solutions. The company constructs and operates biomass and biogas combined heat and power (CHP) plants across Central and Eastern Europe.

Investment in 2007 for construction and acquisition of bio-power plants.

Komex operating under the brand name 5.10.15 opened its first outlet in Warsaw in 1993. Today the chain is the leading children clothing retail chain in Poland with more than 50 outlets.

Investment in 2006 to support further expansion of the chain in Poland.