Levant Capital delivers an IRR in excess of 40% to its investors

New investors commit US$250 million investment in APR Energy

Levant's Capital leaves the company well positioned to capitalize on the growing demand for temporary power

Dubai, 13 March 2011 - Levant Capital Limited, a management-owned private equity firm focused on making private equity investments in middle market companies with growth opportunities in the region, announced today the completion of the sale of its investment in APR Energy.

Salameh Sweis, CEO of Levant Capital, said: "We are honored to have played an active role in APR Energy's growth. Today APR Energy, under the leadership of its experienced management team, is well-positioned to take advantage of the opportunities in the temporary power sector. APR Energy is one of only two global major players providing emerging market customers with rapidly deployable temporary power plants to bridge the gap between current supply and demand."

Levant Capital invested in APR Energy in 2009 and since then has actively contributed to more than doubling the company's sales and cash flows. During its involvement with APR Energy, Levant Capital worked closely with management to implement governance initiatives, strengthen the company's capital position and develop potential new business opportunities in the Middle East, South Asia and Africa.

Two private investment funds separately managed by Soros Fund Management and Albright Capital Management have agreed to invest US$ 250 million in APR Energy. As part of the transaction, Levant Capital is selling its stake in APR Energy, generating an internal rate of return (IRR) in excess of 40%.

"Our investment in APR Energy demonstrates our strategy of leveraging our regional platform to provide middle market companies with rapid access to emerging markets in and around our region. The potential step-change in sales resulting from expansion outside of their home market makes us a favored investor with companies looking for tangible value-add," noted Philippe Audi, Executive Director at Levant Capital.

"We want to thank Levant Capital and its co-investors for their support over the past two years," said John Campion, APR Energy's Founder and CEO. "Their contribution at the board level helped position the company for its next stage of development."

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About Levant Capital
Levant Capital Limited is an independent investment firm focused on making private equity investments in middle market companies with growth opportunities in the Middle East, Turkey, and North Africa. Established in 2006, the firm is based in Dubai and manages several investment vehicles that count international institutions and leading GCC family offices as investors. Levant Capital is chaired by HRH Prince Khaled bin Alwaleed bin Talal Alsaud.

Levant Capital is regulated by the Dubai Financial Services Authority.

About APR Energy
APR Energy, U.S based company, specializes in the sale of reliable and efficient electricity through the rapid deployment of customized turnkey power solutions. APR's power generation solutions coupled with comprehensive operation and maintenance services and flexible commercial terms have established APR as a leader in the power industry.  In addition to its business of providing these world- class power solutions, APR Energy also implements philanthropic projects at each plant location through its Community Development Program, which aims to build and maintain close relationships with its neighbors through projects and donations in health and education. 

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© Press Release 2011