HGT Hg Capital Trust Plc

RNS Number:0653E
HG Capital Trust PLC
19 September 2007


                       HgCapital acquires Mondo Minerals

The following is the text of a press release issued by HgCapital, which manages
the investment portfolio of HgCapital Trust plc alongside those of other
institutional clients. The Trust, which is a listed investment trust giving
investors the opportunity to participate in all of HgCapital's investments, will
invest approximately Euro10.0 million (#6.8 million) in Mondo Minerals.

London, 19th September 2007: HgCapital, a leading European mid-market private
equity firm, is acquiring Mondo Minerals, one of the world's largest talc mining
groups, from Omya, the international white minerals group, in a move to continue
Mondo's expansion.

Mondo is one of the world's leading companies in talc mining and processing with
revenues of approximately Euro130 million in 2006. It was created in 1998 as a
merger of Norwegian, Finnish and Dutch talc mining companies. Talc is a high
quality base chemical with multiple applications in key industries and Mondo has
secure reserves of raw materials for the next 40 years. Mondo's customers are
active in a variety of European industries including paper, paint, plastics, and
ceramics. The group has operations in 2 countries and supplies clients in more
than 50 countries.

Martin Block, Partner at HgCapital, commented: "Mondo is a well-established,
market-leading producer of talc in Europe. Together with the present management
team and staff, our intention is to support further growth and expansion of
Mondo's activities and to continue to develop products and services to meet the
needs of existing and future customers. We are looking forward to the next phase
of Mondo's development."

Wulf-Dietrich Keller, CEO of Mondo Minerals, commented: "I view the new
ownership as an opportunity for Mondo to realise its full potential by
establishing itself as a truly global talc supplier. Mondo's management team
plans to expand into high growth markets, based on its own secure raw material
resources, building on its strong market base in Europe. The change in ownership
is expected to improve Mondo's capability to pursue strategic aquisitions in
locations and markets not currently covered."

The transaction is subject to approval and is expected to close by October 31,
2007.


Contacts:
HgCapital London
Joachim Drees, Director                    Tel: +44 20 7089 7940

Maitland
Peter Ogden                                Tel: +44 20 7379 5151

HgCapital Munich
Dr Karsten Hartmann,                       Tel: +49 89 25 54 95 517

Hering-Schuppener Consulting
Georg Jakobs/Dennis Bader                  Tel: +49 69 9218 7476

Mondo Minerals
Wulf-Dietrich Keller                       Tel: +49 6056 91560


About the companies:

HgCapital:
HgCapital is a private-equity investor in the European mid-market. We focus on
investments with an enterprise value in the range of Euro75-500 million. Our
business model combines sector specialisation with dedicated, pro-active support
to our portfolio companies as well as the corresponding management expertise
across all phases of the investment process. HgCapital manages more than Euro2.7
billion for some of the world's leading institutional and private investors. Our
goal is to achieve outstanding results for our investors, management team and
intermediaries.

Further information on HgCapital can be found at www.hgcapital.com.

Mondo Minerals:
Mondo Minerals is one of Europe's major talc producers with an annual production
of some 650,000 tonnes. It mines talc from its own quarries in Finland and
processes its product range at its plants in Sotkamo, Vuonos and Kaavi. It also
has a processing plant in Amsterdam and a slurry makedown plant at Katwijk (NL).
In 2006, Mondo Minerals undertook the biggest investment project in its history,
increasing finegrinding capacity at the Sotkamo plant to 330,000 tpa, making it
the biggest single talc production facility in the world. The Amsterdam plant
was equipped with new jet-mills, bringing the capacity up to 100,000 tons. Total
capacity at Mondo Minerals is now 760,000 tpa, and a turnover of Euro130 million is
achieved by less than 200 employees.

Mondo Minerals celebrates its 40th anniversary in 2007

Further information on Mondo Minerals can be found at www.mondominerals.com






                      This information is provided by RNS
            The company news service from the London Stock Exchange

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