Calucem is one of the leading suppliers of calcium aluminate cement in the world. With production facilities based in Croatia, and sales offices in Germany, the US and Singapore, the Company supplies high quality and specialty cement to the global refractory and building chemistry industries.

Robert Knorr, Partner of Mid Europa, said: "We are proud of the management's response to the global economic crisis, which had an unprecedented impact across the industry. The Company has experienced a rapid recovery in 2010 and is well-positioned for continued growth."

Laszlo Grubits, CFA, Investment Director of ARGUS, said: "At ARGUS we are very excited to partner with a first class management team with a solid vision and strategy for the Company with the goal of taking Calucem to the next level."

Gilles Bonaert, the CEO of Calucem, said: "Mid Europa has been an exceptional partner for the Calucem management and we thank them for their support and guidance. We look forward to working with ARGUS to build upon the solid foundations that were laid over the last several years."

For further information please contact:

Mid Europa Partners: 
Robert Knorr
+44 20 7886 3600

Citigate:
David Westover/Agnès Riousse
+44 (0) 20 7638 9571

Notes to the editors:

ABOUT MID EUROPA PARTNERS

Mid Europa Partners is a leading independent private equity firm focused on Central and Eastern Europe. Operating from London, Budapest and Warsaw, Mid Europa Partners advises and manages funds with asset value of approximately €3.2 billion. The Mid Europa Partners team has been investing in Central and Eastern Europe since 1999.