Investments made

Tryckinvest i Norden AB - Helprint Oy

MB Funds made an investment in Tryckinvest i Norden AB ("TINA") in December 1996. The investment was made together with UBS Capital, a Swiss-registered private equity investor.

TINA was formed through the purchase of Sweden's leading printing company, comprising the printing houses Interprint Kungens Kurva and Sörmlands Grafiska. The company's management became shareholders of TINA.

TINA grew through an acquisition in Finland in September 1997. Helprint Oy, owned by A-Lehdet, became part of the TINA Group and A-Lehdet became a shareholder. At this stage MB Funds made a further investment. Helprint's management also became shareholders in TINA. Net sales of the TINA Group including Helprint in 1997, the year of the investment, amounted to SEK 1.6 billion.

Following a number of technical and structural adjustments, TINA listed on the Stockholm Stock Exchange on 5 June 1998. At the same time MB Funds realized part of its investment. After two competing public bids were made for the company, the entire share capital of the company was sold to Quebecor Printing Inc. of Canada.