Portfolio News

Covington Group of Funds Investee PlateSpin Ltd. To Be Acquired for USD$205 Million

February 26, 2008

Covington Group of Funds (“Covington”) is pleased to announce that Novell, Inc. has entered into a definitive agreement to acquire Covington investee PlateSpin Ltd. (the “Company”) for USD$205 million (all cash transaction). The acquisition was announced by Novell on Monday February 25, 2008 and is expected to close in Novell’s second fiscal quarter of 2008, subject to the satisfaction of closing conditions.