Ekahi Group - The New Brand

1. EKAHI GROUP -THE NEW BRAND http://ekahi.group/

2. EKAHI OFFERS $1.15 BILLION ENTERPRISE VALUE TO ACQUIRE LOANCORE, CAPITAL SERVICING $1.15B enterprise value, all-cash transaction valued at 7.9x pro forma EBITDA (12 months ending September ’13) Immediately accretive to Ekahi earnings; incremental in 2016; expect approximately 75% of operating earnings from Financial Services & Real Estate Vertical by 2016 Strong operating assets that bring complementary platform, global capability and talent to Ekahi Enhances Ekahi’s long-term growth opportunities in growing financial services market WARSAW, POLAND, Oct 8, 2014 – Ekahi and Loancore announced here today that Ekahi has submitted a binding offer to acquire the capital servicing operations of Loancore. The Loancore Board of Directors has positively received Ekahi’s offer and has appointed a committee of independent directors led by Marcus Green to review the transaction by June 2. If this review concludes positively, an exclusivity period beginning no later than June 2 will be granted and the next steps will include shareholder approval in a shareholder meeting, and customary approvals. Secap SA., a 39% non-controlling shareholder of Loancore supports the transaction. The deal is expected to close in 2015.

3. Transaction Details The all-cash transaction is valued at 7.9 times pro forma earnings before interest, taxes, depreciation and amortization (EBITDA) of Loancore’s capital servicing operations and approximately 75% of operating earnings is expected to come from Financial Services & Real Estate Vertical by 2016.

4. Creating Value Robert Dygas, the CEO of Ekahi, said, “This is a strategic transaction that furthers Ekahi’s portfolio strategy. Financial Services is one of our higher growth and margin industrial segments and is core to the future of Ekahi. Loancore like Ekahi, is a company built on innovation and talent. We espect and value the deep industry and technology expertise of Loancore’s employees and expect them to add to our proven track record of developing talent and leadership globally.”  Gordon Price Chairman and CEO of Loancore, commented: “The combination of the very complementary global reach and abilities of Ekahi and Loancore would create a more competitive entity to better service customer needs. Loancores’s employees would join a well-known, major global player, with the means to invest in people and technology to support worldwide customers over the long term. The proposed transaction would allow Loancore to develop its servicing business as a standalone company, with a strong balance sheet to capitalize on opportunities in the dynamic asset servicing market.”

5. About Ekahi Ekahi Group works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, engineering, logistics and finance. Ekahi’s mission is to invest in companies that combine an outstanding business model with strong competitive advantages. Ekahi stays invested for the long – term, preferably for the next generation. Ekahi’s investment philosophy is characterized by consistent application of the principles of value investing, which solid, stable businesses, Internal Compounding by organic or acquired growth, management with strong business sense and an owner-mentality and margin of safety. Each acquisition further fuels innovation and application across our industrial sectors. With people, services, technology and scale, Ekahi is able to deliver better outcomes for customers by speaking the language of industry. Ekahi Group is the trading and registered name of Envesecure, a registered Fund and Family Office. 

6. Our-Business Ekahi METALS & ENERGY Ekahi INTERNET & TECHNOLOGY Ekahi HEAVY INDUSTRY & ENGINEERING Ekahi HEALTHCARE & LIFESCIENCES Ekahi LOGISTICS & SUPPLY CHAIN Ekahi FINANCIAL SERVICES & REAL ESTATE Ekahi TREASURY & TRADING Ekahi CREDIT & CAPITAL