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GP Investments Ltd, has agreed to acquire a controlling stake in Zug, Switzerland-based Spice Private Equity Ltd (SWX: SPCE) from Fortress Investment Group LLC and Newbury Associates LLC. GP will pay a purchase price of USD 35.25 per share, representing a 39% premium to yesterday’s SPCE closing share price, or a 15% discount to the last published economic NAV of March 31, 2016, said Spice in a filing with the SIX Swiss Exchange. Closing of the transaction is scheduled to take place right after the annual general meeting of shareholders of Spice, scheduled to be held on June 28, 2016. Upon closing, GP will indirectly hold 58.48% of the shares and voting rights of Spice. Spice Private Equity Ltd is an investment company that was founded in 1999. In 2013, following a major restructuring, the company decided to focus on private equity in emerging markets and to increase its emphasis on co-investments and secondary fund investments. Its shareholders include leading institutions based in both established and emerging markets. Spice Private Equity is managed by Zurich-based GP Advisors, which is owned by GP Investments. GP Investments Ltd (also GP Investimentos) (BM&F Bovespa: GPIV11) is a leading private equity and alternative investments firm in Latin America, with more than 20 years’ experience in corporate investing. The company has a strong track record of successful equity capital market transactions, delivering strong returns and building long-lasting enterprises. Since its inception, the company has raised approximately $5 billion from international investors and has invested in more than 50 companies across 15 sectors. In May 2006, GP Investments, Ltd. completed its initial public offering, becoming the first listed private equity firm in Brazil. The firm’s shares are listed on the Luxembourg Stock Exchange and trade on BM&F Bovespa, the Brazilian Stock Exchange, via Brazilian Depositary Receipts (BDRs). The firm was founded in 1993 and is headquartered in Hamilton, Bermuda, with offices in São Paulo, Brazil, New York, and Zurich. GP Investments was originally founded by legendary Brazilian investor Jorge Paolo Lemann, who sold the firm in 2004 to his junior partners and then went on to found 3G Capital. Lemann is controlling shareholder and board member of Anheuser-Busch InBev. Photo: Antonio Bonchristiano, Deputy Chairman of Spice Private Equity, Board Member and CEO of GP Investments, São Paulo, Brazil.]]>