Agile Equity: Transactions

Agile Advises PPR Group (EPA:PP) on Spin-off of MobilePlanet to eXpansys

Paris, Manchester, Los Angeles
April 26, 2005
MobilePlanet

PPR announces today the sale of MobilePlanet to eXpansys Holdings Limited of the United Kingdom.

MobilePlanet is an on-line retailer of wireless technology products, such as personal digital assistants (PDAs), computers, cell phones, and accessories. Based in Los Angeles, the company has been part of the PPR group since June 1999. MobilePlanet has 45 employees and posted revenues of USD 21 million in 2004.

eXpansys is a unit of Mobile and Wireless Group (M&WG), a company based in Manchester, England which also owns Portable Add-Ons. All of these companies are in the same line of business as MobilePlanet, with operations in the U.K., U.S., Europe, and Asia. By expanding its position in the U.S. market, this acquisition is a major step in the international development of M&WG. The U.K. group plans to use the MobilePlanet brand name in the U.S. and other key markets.

PPR (Pinault-Printemps-Redoute) is a global player in Retail and Luxury Goods, with approximately 82,000 employees in 65 countries. Through its Retail businesses Printemps, Conforama, Redcats, Fnac and CFAO, and the Luxury brands of Gucci Group (Gucci, Yves Saint Laurent, Bottega Veneta, YSL Beaut', Boucheron, Sergio Rossi, B'dat & Co, Alexander McQueen, Stella McCartney, and Balenciaga), PPR generated sales of EUR 17.8 billion in 2004. (Including Rexel, which was divested at the end of 2004, the Group's consolidated sales for 2004 amounted to EUR 24.2 billion.) PPR shares are listed on Euronext Paris (# 121485, PRTP.PA, PPFP).

Agile Equity has executed large transactions, such as representing Firstsource, a public Indian company, on its $330,000,000 acquisition of MedAssist in the US, and smaller transactions, such as representing Pelican Security, a private Israeli company, on its acquisition by Microsoft.

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