Warburg Selling Nectar

Warburg Pincus has agreed to sell Loyalty Management Group to Aeroplan Income Fund (TSX: AER.UN) for Gbp368 million (including an Gbp18 million working capital adjustment). LMG is a loyalty marketing and analysis company that owns and operates the Nectar loyalty program in the UK. Warburg originally invested in July 2002.



Aeroplan Income Fund “Aeroplan” (TSX: AER.UN), Canada's premier loyalty marketing company, today announced that it has entered into a definitive agreement to acquire privately-held LMG for a purchase price of Gbp350 million (Cdn$717.5 million) plus working capital adjustments of