IntraLinks Virtual Dataroom Delivers Buyers to Gerresheimer Sale

London, April 4, 2005
IntraLinks Inc., a leading global provider of on-demand workspaces to the financial services industry, today announced that it assisted the sale of Gerresheimer Glas by Investcorp and JP Morgan. Launched in August, the sale attracted broad interest, resulting in a sale to The Blackstone Group in November.

"The IntraLinks platform gave us two distinct advantages during the sale process," said a member of the transaction team at Investcorp. "First, Gerresheimer attracted interest from buyers around the globe. By using the IntraLinks virtual dataroom, bidders had instant access to due diligence materials from their own location, without having to travel. With parties to this transaction situated in the US, UK and Europe - that was very important.

"Secondly, there were both trade and financial buyers involved in the process and we were able to tailor the information most relevant to each buyer group but maintain the anonymity of the various bidding parties."

"Anything that removes barriers to your buyers and reduces market risk in the deal improves your chances of getting the right price. Our world class UK enablement team worked hand in glove with Investcorp to ensure a quick and seamless process. We are delighted to have helped Investcorp with this important project," said Rob Fisher, Managing Director - UK, Europe and Asia, IntraLinks Ltd.

Utilising the IntraLinks virtual dataroom also eased the sale of Gerresheimer through its closing stages, Investcorp explained. The share purchase agreement (SPA) made reference to the due diligence materials posted on the online dataroom, reducing the need for additional due diligence disclosures in the contract itself and speeding the drafting and signing of the SPA.

IntraLinks brings the dataroom to the desktop. Authorised prospective buyers can access confidential information anytime, anywhere online. Multiple buyer teams can enter the virtual dataroom simultaneously without compromising their anonymity. This parallel process enables companies to allow unlimited of prospects to participate in the sale while actually reducing the amount of time required for due diligence.

Gerresheimer had revenues of approximately €550m in 2003 and employs about 5,400 people worldwide. It was founded in 1864 and makes bottles and containers for the cosmetics and pharmaceuticals industries.


About IntraLinks
IntraLinks (www.intralinks.com), a leading provider of on-demand workspaces, connects business communities and accelerates the intelligent flow of information and documents among participants. Through IntraLinks' secure, neutral, online environments, companies are better able to compete globally by accelerating essential business processes, simplifying communication and fostering rapid workflow. IntraLinks is easily accessible anywhere, anytime using a web browser.

Since April 1997, more than 200,000 participants representing over 10,000 organizations worldwide have used IntraLinks on-demand workspaces to communicate and collaborate on more than 20,000 projects and transactions. IntraLinks has been rapidly adopted by the financial services and pharmaceutical markets. Over 250 global companies are IntraLinks clients, including AstraZeneca Pharmaceuticals LP, Bank of America, Bear Stearns, Deutsche Bank, Ernst & Young, FDIC, TD Securities, Thomas Weisel Partners and WestLB. Founded in June 1996, IntraLinks is headquartered in New York with offices in Boston and London.

About Investcorp
Investcorp is a global investment group with offices in New York, London and Bahrain. The firm has four lines of business: corporate investment, real estate investment, asset management and technology investment. It was established in 1982 and has since completed transactions with a total acquisition value of more than $25 billion. The firm now manages total investments in alternative assets of approximately $8.6 billion. In the United States, Investcorp and its clients currently own corporate investments that include Associated Materials and Thomson Media. In Europe, Investcorp and its clients currently own corporate investments that include APCOA AG and Hilding Anders.