Bryan Garnier & Co successfully leads a EUR 19.1 million follow-on offering for Risc Group (Euronext: RSC)

Bryan Garnier & Co successfully leads a EUR 19.1 million follow-on offering for Risc Group (Euronext: RSC)

News published on September Monday 4, 2006
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Paris, September 4th, 2006 - Bryan, Garnier & Co (www.bryangarnier.com), the European investment bank for growth companies, announced today the closing of a EUR 19.1 million capital raising in the form of Ordinary Shares for Risc Group (Euronext: RSC), the leading Managed Security Services (MSS) provider in Europe. The issue was closed on August 28th, 2006 and was subscribed by a group of international accredited institutional investors. The institutional tranche was 4 times over-subscribed. The net proceeds will allow the Company to implement its internal and external development strategy to reinforce its leadership  n Europe and expand on complementary services.
This transaction was led by Bryan, Garnier & Co which acted as Sole Manager and Book Runner of the offering and demonstrated the Company’s international placement capacity in an adverse capital market environment.
The Company
European leader in Managed Security Services
With more than 16,000 clients, Risc Group is a leading provider of managed and professional backup and security  ervices for small and medium-sized companies in Europe. The company operates in France, Belgium, Germany and Spain. The Company offers a complete set of services within the field of data protection and recovery including remote automatic backup services, managed antivirus, managed firewalls, managed spam blocking, and managed emails.
Recurring model Risc Group benefits from a contract renewal model that provides it with recurring revenues every year as well as a strong profitability level.
Fast growing market Benefiting from the increasing need for IT security and strong outsourcing trends, the Managed Security Services market is expected to reach a compound annual growth rate of 25% in the next three years in Europe.
About Bryan Garnier
Bryan, Garnier & Co is an independent pan-European investment bank focused on growth companies. With a research-driven approach, Bryan, Garnier & Co offers institutional sales and trading, asset management and corporate finance services to growth oriented investors and companies. With operations in London, Paris and Geneva, Bryan, Garnier & Co offers the expertise of a fullfledged investment bank with the personalized attention and long-term client relationships of a boutique investment bank. Bryan,
Garnier Corporate Finance provides investment banking services to its clients at each stage of their development, from early stage private companies to mature public companies, through capital raising and M&A services.
Bryan Garnier & Co Limited, is authorised and regulated by the Financial Services Authority and is a member of the LSE.

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