AXA Private Equity sold all of its investment in Camaïeu Paris May 22, 2007

AXA Private Equity has no further investment in Camaïeu following the transfer on 22 May 2007 of 100% of Modamax, the controlling shareholder of Camaïeu, to Modacin, a holding company controlled by investment funds which are managed by the capital investment fund Cinven.

The investment funds managed by AXA Private Equity controlled Modamax via a majority holding and Modamax in turn owned, directly and indirectly, 64.5% of Camaïeu share capital and 74.1% of its voting rights.

Through its role as a shareholder of reference, AXA Private Equity is proud to have supported Camaïeu in the speeding up of its growth and development strategy both in France and internationally, and commented that the transfer of Modamax was organised in respect for a continuation of this strategy.

About AXA Private Equity :

AXA Private Equity, an AXA Investment Managers company, is a world leader in private equity investments. It offers a wide selection of funds across a full range of asset classes: Buyout, Expansion and Venture Capital, Co-Investment, Mezzanine and Funds of Funds (primary, early secondary and secondary). AXA Private Equity manages and advises private equity funds with assets in excess of €10 billion for major European and international investors and has offices in Paris, Frankfurt, London, Milan, New York and Singapore. With a constant focus on transparency, performance and sustainable profitability, AXA Private Equity is distinguished by the expertise of its staff and its international reach.

www.axaprivateequity.com

Contacts :

AXA Private Equity :
Jérémie Delecourt
Tel: 01 44 45 60 73
jeremie.delecourt@axa-im.com

Gavin Anderson & Company :
Fabrice Baron
Tel: 01 53 32 61 27
fbaron@gavinanderson.fr