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STAR Capital Partners completes investment in GSES

27 January 2006

STAR Capital Partners (“STAR”), the European investment fund focused on investing in capital intensive businesses, announces the completion on 30th December 2005 of two new deals in Germany: Abellio GmbH and GSES GmbH.

STAR has also acquired GSES, one of Europe's leading underground waste facility operators. The business was acquired from a consortium of investors led by First Analysis (a US private equity group). GSES is the owner and operator of a salt mine in Thuringia, which is used predominantly for the disposal of commercial and industrial waste. This niche area of the waste market is growing in importance as EU and member state regulations increasingly restrict access to surface landfills.

Jaap van Engers, founder and Managing Director of GSES, said:

"We are very excited to have STAR as a partner for GSES. Their support will allow us to continue to offer our clients a reliable long term olution to their waste disposal needs and enable us to invest to broaden the services we offer."

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