July

Canaccord Genuity Hawkpoint advises on the disposal of a 65% stake in DocuGroup to GMT Communications Partners

DocuGroup is a business information service for the construction industry with operations in Germany, Switzerland, Austria and Sweden. It expects to generate revenues of £17.6m and EBITDA of £3.8m in 2004

GMT Communications Partners, a European private equity fund focused on media investment purchased a 65% interest in DocuGroup and seeks to expand Docu's presence though organic growth and a number of identified acquisition opportunities. Docu's founder Sture Wigart and senior management have retained a 35% shareholding.

Canaccord Genuity Hawkpoint acted as sole financial adviser to the shareholders of DocuGroup.

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