IEIL Closes Acquisition of Arysta LifeScience Corporation

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Tokyo, March 8: : Industrial Equity Investments Limited ("IEIL"), an international investment company located in the Republic of Ireland, announced that it has completed its acquisition of Arysta LifeScience Corporation, from funds advised by Olympus Capital Holdings Asia and its co-investors. The acquisition is the first investment in Japan for IEIL since it was established in 2005. The Permira Funds own the Irish company. The enterprise value is approximately JPY 250bn (US$2.4bn).

"Arysta LifeScience has been one of the fastest growing companies in our sector in the last four years. Permira's investment is a testament to the transformation of our company under Olympus ownership and to our financial strength," said Chris Richards, CEO, Arysta LifeScience. "With the support of Permira, we are confident of maintaining and accelerating our growth, both organically and through strategic acquisitions."

Headquartered in Tokyo, Arysta LifeScience is the world's tenth largest agrochemical company. The company markets a portfolio of more than 150 active ingredients in more than 125 countries with approximately 2,400 employees. Since its founding in 2001, Arysta LifeScience has built a reputation as one of the most agile, high-performance companies in the global agrochemical industry.

"This transaction is a significant achievement, particularly in the current debt markets when many other leveraged buyout transactions are not reaching completion," said Alex Emery, principal, Permira Advisers KK. "The support we have received from the banking community is a result of the Arysta LifeScience track record of profitable growth and cash generation, and convincing growth forecasts."

About Arysta LifeScience Corporation

Headquartered in Tokyo, Japan, Arysta LifeScience is the world's largest privately held crop protection and life science company with 2007 revenues of JPY136 billion (US$1.2 billion). An entrepreneurial provider of crop protection and life science products in more than 125 countries worldwide, Arysta LifeScience specializes in marketing and distribution of respected crop protection brands and life science products in harmony with the needs of global partners. More information on the company is available at: www.arystalifescience.com.

About IEIL

Established in 2005, IEIL is a private investment company located in the Republic of Ireland.

About Permira

Permira is a leading international private equity firm. The Permira Funds make long-term investments to transform the performance of businesses, helping management to realise new visions and build stronger and more sustainable organizations.