Actis Invests US$50 Million in Integreon

By Actis Llp, PRNE
Monday, February 15, 2010

LONDON, LOS ANGELES and MUMBAI, India, February 16, 2010 - Actis, an emerging markets private equity specialist, announced today
that it has invested US$50 million to acquire a substantial minority stake in
Integreon, the leading global provider of legal support, research and
business services to law firms, financial institutions and corporations.

As part of this investment, JM Trivedi, Actis's Head of South Asia, and
Gautham Radhakrishnan, a Director at Actis, will join Integreon's board of
directors.

Actis has invested alongside Ayala Corporation, the oldest and one of the
leading conglomerates in the Philippines, which initially invested in
Integreon in 2006 through LiveIt Investments, its business process
outsourcing holding company. Ayala Corporation will continue to hold a
majority stake in Integreon.

Today, professionals at leading organisations including 11 of the top 50
global brands such as Microsoft; 32 of the AmLaw 50 such as Clifford Chance
and DLA Piper US LLP; and 9 of the top 10 global investment banks focus on
their 'highest and best use' by trusting high-quality research, document, and
legal solutions from Integreon. Integreon revenues have grown at an 83% CAGR
since 2006 to an $89 million revenue run rate in Q4 2009.

With Actis's investment, Integreon plans to grow its range of services
and technologies, launch new delivery centres, and seek strategic
acquisitions.

Commenting on the transaction, Paul Fletcher, Senior Partner at Actis
said, "Outsourced professional services are one of Actis's core investment
strategies and Integreon represents a best in class investment in this
sector. Leading international corporations, financial institutions and law
firms harness the specialist knowledge capabilities of the emerging markets,
and Actis's investment in Integreon further strengthens this link. We hold
the management team of Integreon in high regard and are excited about
partnering with Ayala to drive the continued growth, profitability and
ambition of the business."

Fred Ayala, CEO of LiveIt said, "We are very pleased to bring in Actis as
a strong new partner whose proven business building skills and deep knowledge
of emerging markets will help us to take Integreon to the next level."

Liam Brown, CEO of Integreon added, "Actis's long-established
understanding of emerging markets, along with their experience investing in
business services outsourcing, makes them an ideal partner for Integreon."

Jefferies India Private Limited acted as financial advisors to Actis.
Marks Baughan & Co. served as financial advisors to Integreon.

Actis

Actis is a leading private equity investor in emerging markets with a
growing portfolio of investments in Asia, Africa and Latin America; it
currently has US$4.8bn funds under management. With over 100 investment
professionals on the ground in 9 offices worldwide, Actis identifies
investment opportunities in India and the emerging markets by bringing local
experts together with specialist sector teams. Actis announced the close of
its global emerging markets fund, Actis Emerging Markets 3 on 1 December 2008
with commitments totalling US$2.9bn. Actis announced
the close of its global infrastructure fund, Actis Infrastructure 2, on 30
September 2009
with commitments totalling US$750m.

www.act.is

Ayala Corporation/LiveIt Investments

Ayala Corporation was founded in 1834 and is the holding company of one
of the largest and most diversified business groups in the Philippines, with
interests that include real estate, financial services, telecommunications,
electronics, water distribution, and information technology. Ayala Corp and
its listed subsidiaries and affiliates have a combined market capitalisation
of approximately US$13 billion. LiveIt is its investment arm in the business
process outsourcing (BPO) sector. Its strategy is to acquire or invest in
existing global BPO companies that have the potential to become a Global Top
5 leader in their sectors, and can leverage the Philippines; it owns
significant shareholdings in Integreon, Stream Global Services (voice BPO),
Affinity Express (graphics and creative services) and HRMall (HR and payroll
services).

www.ayala-group.com

Integreon

Integreon is the premier global provider of outsourced research, legal
and business Knowledge Process Outsourcing (KPO) services, and is a trusted
partner for demanding professionals at the world's leading corporations, law
firms, and investment banks. Integreon's nearly 2,000 Associates deliver
services from centres in the US, UK, India, China, South Africa and the
Philippines
.

www.integreon.com

    Media contacts:
    Actis
    Claire Davies
    cdavies@act.is
    +44(0)7887-521-993

    Integreon
    Laura Sexton
    integreon@daviesmurphy.com
    +1-781-418-2417

    Ayala Corporation/LiveIt Investments
    Leny Salumbre
    Salumbre.es@ayala.com.ph
    +63-917-630-9519

Media contacts: Actis: Claire Davies, cdavies at act.is, +44(0)7887-521-993; Integreon: Laura Sexton, integreon at daviesmurphy.com, +1-781-418-2417; Ayala Corporation/LiveIt Investments:
Leny Salumbre, Salumbre.es at ayala.com.ph, +63-917-630-9519

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