Cheseaux, Switzerland – February 19, 2010 - The Kudelski Group (SIX: KUD.VX) today announced that it has sold its 28% equity in Ticketcorner. The Kudelski Group had sold its majority stake in Ticketcorner in December 2005 to Capvis and kept a 28% equity since then. The remaining stake represented a pure financial investment with no operational role for Kudelski.

The buyer  - Eventim – will refund to Kudelski a  total of CHF 26.5 million loan outstanding as of end of 2009 and 2010 interest at closing. The closing is expected to take place in the first half of 2010.

The transaction will lead to a net cash inflow of over CHF 30 million for Kudelski, to be effective in the first half of 2010. With this transaction, Kudelski fully ends its financial engagement with Ticketcorner

Phoenix Corporate Finance Partners LLP advised The Kudelski Group on this transaction as well as on the original sale to CAPVIS.

About Phoenix
Phoenix Corporate Finance Partners LLP is a private investment banking firm providing a comprehensive array of investment banking services, principally to middle-market growth companies in the TMT space.  The Partners of Phoenix Corporate Finance Partners have over 100 years of bulge-bracket investment banking experience with amongst others CSFB, Morgan Stanley, Citigroup, Lehman Brothers, and Bear Stearns.  The Partners have originated and executed more than 200 transactions during their careers with over $200 billion in transaction value and are dedicated to bringing the breath and depth of this experience to bear for the benefit of their clients.  With a portfolio of capabilities that includes Financial Advisory, Mergers & Acquisitions, Private Placements or Debt & Equity, Restructuring & Turnaround Advisory, Valuation Services and Opinions, Phoenix Corporate Finance Partners offers extraordinary resources for its clients seeking sophisticated financial advisory and other investment banking services.  www.phoenixllp.com 
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