In May 2006, Lombard completed the buyout of 100% of Asia Books Company Limited. Founded over 35 years ago, Asia Books is the largest and best-known retailer and distributor of English language books and magazines in Thailand. The Company operates Asia Books stores in Bangkok as well as Bookazine stores in major regional tourist destinations. The Company also engages in wholesale distribution for English language publications, including exclusive domestic distribution rights for major international book publishers. As one of Thailand's leading home-grown, widely-recognized retail brands, Asia Books offers a unique operating platform for further growth. Lombard transformed the Company from a family-controlled franchise to a medium-sized corporation managed by professionals. In 2007, the Company merged with one of its competitors, Distri-Thai Company Limited. Asia Books remains focused on expanding within Thailand through opening new outlets and expanding product offerings, including the launch of an eBooks online store in 2011. Lombard exited this investment in 2011 through a sale to BJC International Company Limited, a wholly-owned subsidiary of Berli Jucker PCL.

In May 2008, Lombard invested in Asiasoft to support its expansion in Southeast Asia. Established in 2001, Asiasoft is a leading online games operator with a dominant market share in Thailand and Singapore, as well as top four positioning in Malaysia and Vietnam. Asiasoft offers thirty online games in four countries and entered the Indonesia market in 2011. The Company's most well known games include MapleStory, Audition, Yulgang, Raknarok Online and Cabal. Asiasoft recently launched a regional game-platform service at www.playfps.com capable of supporting 425,000 concurrent users in Singapore, Malaysia, Vietnam, the Philippines, and Thailand.

Lombard and management formed Career Choices, Inc. ("CCI") to make acquisitions in the post-secondary proprietary education industry in the U.S. CCI made its initial acquisition in 1998, purchasing Sequoia Institute, a vocational school with offerings in automotive and climate control and refrigeration technologies. In 1999, Lombard provided additional capital to help fund CCI's acquisitions of Ashmead College and Eton Technical Institute, both post-secondary schools offering curricula in the allied health fields. Lombard exited this investment in 2003 through a sale to Corinthian Colleges.

In 2006, Lombard invested in Central Plaza Hotel PCL ("Centel"), one of Thailand's largest integrated hotel and quick service restaurant ("QSR") operators. Lombard's capital was used to expand the Company's hotel portfolio and restaurant brands. In 2008, Centel launched Centara Hotels and Resorts Leasehold Property Fund, which raised Baht 3.2 billion ($95 million). As of June 2011, the Company owned and managed thirty-three luxury resort hotels in Thailand and four in the Maldives, India, Egypt and the Philippines, as well as over 500 restaurants under eight international brands.

Central Pattana PCL ("CPN") is Thailand's leading retail mall developer and operator, managing a network of sixteen Central shopping centers throughout the country in June 2011. In July 2003, Lombard injected capital into CPN to help finance the Company's acquisition of Thailand's largest distressed mall, Central World Plaza (formerly known as the World Trade Center), a partly-completed retail, office and hotel complex located in the heart of Bangkok's central business and shopping district. Central World Plaza reopened to the public in 2006 and is now one of the largest and most successful shopping centers in Southeast Asia. Lombard assisted with CPN's launch of the CPN Retail Growth Fund ("CPNRF") in 2005. CPNRF was Thailand's first retail REIT and the second largest retail REIT offering in Southeast Asia. Lombard exited this investment through two accelerated global tenders in 2006 and 2011.

Lombard financed the formation of The Dakota, Minnesota & Eastern Railroad Corporation ("DM&E") in 1986 to acquire assets of the Chicago and North Western Transportation System. In 1996, DM&E expanded its geographical coverage through the acquisition of the 203-mile Colony Line from Union Pacific. In 2002, DM&E, through its subsidiary Iowa, Chicago & Eastern Railroad Corporation, acquired substantially all assets of the 1,403 mile I&M Rail Link, thereby creating the eighth largest contiguous rail system operating in the U.S. Since Lombard's initial investment, and with additional equity infusions by Lombard, DM&E has significantly expanded its business and improved its financial performance. In 2007, Lombard sold the DM&E to Canadian Pacific Railway Limited in a $2.5 billion transaction. The exit received Buyout Magazine's "Large Market Deal of the Year" Award.

Founded in 1996, Easy Buy PCL is one of Thailand’s leading consumer finance companies, focusing on hire-purchase finance for consumer products, and motorcycles and personal and revolving loans. Lombard invested in the Company in 2004, joining ACOM, a pioneer in the Japanese consumer finance business, and Itochu Corporation, a leading global trading company, as significant shareholders in the Company. Subsequently, Easy Buy expanded throughout Thailand, improved its underwriting process to reduce its ratio of non-performing loans, and implemented an innovative IT system to rapidly process credit authorizations through its national ATMs network within thirty minutes.

In 2003, Lombard invested in Fu Sheng Industrial Co., Ltd., the largest golf club head manufacturer in the world and also the largest manufacturer and distributor of air compressors in the Greater China region. Lombard's capital was used to expand the Company's operations in China and Vietnam. Founded in 1953, Fu Sheng is headquartered in Taipei and listed on the Taiwan Stock Exchange. Fu Sheng's customers included TaylorMade, Callaway, Titleist, Nike, and Honma. In September 2003, Fu Sheng made its first acquisition of a compressor manufacturing business in North America by purchasing the Plant Air-Package centrifugal compressor division of the Elliott Company. Lombard assisted Fu Sheng with structuring the bid for this business, managing the due diligence process, and completing the cross-border transaction. Lombard later assisted the Company in two additional U.S. acquisitions. In October 2003, Fu Sheng was selected by Forbes as one of the best 200 companies outside of the U.S. with a market capitalization of less than US$1 billion. Lombard exited this investment in 2007.

In 1998, a consortium comprised of Lombard, H&Q Asia Pacific, and the Government of Singapore Investment Corporation acquired a 51% controlling stake in Good Morning Securities ("GMS") after its major shareholder, Ssangyong Group, became insolvent during the Asian financial crisis and GMS itself became financially troubled. Following extensive corporate restructurings and improvements in corporate governance by the consortium, GMS was reestablished as a viable financial institution. After the financial rescue, GMS was ranked by FinanceAsia as the "Best Equity Brokerage House in Korea" in 2001 and one of "Asia's Best Companies" in 2002. The Asset rated GMS as the "Best Local Brokerage House" in 2001 and "Korea's Best Fixed-Income Broker" in 2002. Good Morning Shinhan Securities Co., Ltd., was then formed through a merger between GMS and Shinhan Securities in August 2002. As part of this transaction, the consortium sold approximately 80% of its shareholding in GMS to Shinhan Financial Group. The deal received the "Best Private Equity Exit of the Year" award from Asian Venture Capital Journal and FinanceAsia in 2002. Lombard fully exited GMS in 2005.

Hansol Gyoyook Company Ltd. ("HG") is a leading private educational services provider offering services for pre-school students in South Korea, including special educational programs in Korean and English languages, mathematics, science, and general intellectual development. Notably, HG was the first company to promote the benefits of early childhood learning in South Korea. In 2001, Lombard invested in HG to finance the Company's expansion into the elementary school market and facility-based learning centers. Lombard exited this investment in 2003.

In December 2005, Lombard invested in Kantana Group PCL, Thailand's only fully integrated TV and film content producer and post-production specialist. Founded in 1951, Kantana Group initially produced radio programs. Soon thereafter, the Company expanded into television broadcasting, feature films and post-production services, including production studios, film labs, sound studio, high-end post production and digital intermediate. Kantana Group has earned numerous accolades and local entertainment industry awards for its achievements in program production. The Company now offers its local and overseas customers, including recognized producers from Hollywood and Asia, "One-Stop-Shop" production services. Its post-production business boasts a strategic alliance with Deluxe Laboratories, a global duopoly in film production. Kantana Group also works closely with global industry companies, including Twentieth Century Fox, Warner Brothers, Sony Pictures, Columbia Tristar, Lucasfilm Ltd. and Lake Shore Entertainment. Kantana produced the first Thai computer-animated feature film in 2006, Khan Kluay, which became the top grossing film in 2006 and won several awards. It went on to become a successful animated television series. Lombard exited this investment in 2009.

In February 2008, Lombard injected capital into Krungthep Land PCL, one of Thailand's leading, privately held, mid-sized residential home builders. Founded in 1984, KLand specializes in the development of mid to high end residential properties in the Bangkok metropolitan area. Since 2003, KLand has enjoyed a strategic partnership with Frasers & Neave Group, a leading Singapore-based builder of condominiums and serviced apartments throughout Southeast Asia. Lombard exited this investment in 2011.

Based in Seoul, Korea, KSNET Inc. is a leading value-added network ("VAN") provider for credit card and banking transaction processing. The Company holds a 20% market share in the credit card VAN business in Korea and is a dominant operator in the electronic payment gateway service for E-commerce businesses. Lombard made its investment in KSNET in June 2000, together with a consortium of investors. Lombard exited this investment in 2007.

Founded by Danish marine professionals in 1982, Mermaid Maritime PCL has grown to become Thailand's leading provider of marine and offshore oil and gas services. At the time of Lombard's 2004 investment, Mermaid's main business involved sub-sea engineering services, including saturation diving for energy-related inspection and maintenance in Southeast Asia. As world oil prices began to rise, Mermaid used capital from Lombard to acquire offshore rigs and support vessels to build a successful contract drilling operation. In 2011, Mermaid and Seadrill, a leading offshore deepwater drilling company, formed a joint venture to build premium jack-up rigs. The Company now operates a wide range of marine services throughout Southeast Asia from its relocated headquarters in Singapore, and has expanded its market to include India, China, Sakhlin, the Middle East and South America. Mermaid's financial backers include Thoresen Thai Agencies PCL, one of Southeast Asia's oldest and largest shipping companies. Mermaid successfully launched its IPO on the Singapore Stock Exchange in 2007.

In 2010, Lombard acquired control of Changlong Holding Co., Limited, the Hong Kong-based owner of leading quick service restaurant operator and franchisor, Overseas Dragon China. Overseas Dragon China serves fresh, affordable Taiwanese-style cuisine through a rapidly growing chain of more than 100 outlets located throughout Shanghai and Hong Kong.

Established in 1993, Pruksa is the leading manufacturer of low cost pre-cast housing in Thailand and a market leader for townhouse developments in suburban Bangkok. In 2005, Lombard invested capital in Pruksa to expand the Company's real estate project developments and to increase capacity at its prefabrication factory. Pruksa significantly expanded into the single-detached housing market in 2005 and diversified into the condominium segment in 2006. In 2009, Pruksa formed a joint venture to build its first townhouse project in Vietnam, and has since expanded to the Maldives and India. Pruksa successfully launched its IPO on the Stock Exchange of Thailand in 2005. In June 2008, Pruksa's securities became part of the SET 50 Index calculation. In 2010, Pruksa became Thailand’s largest housing developer measured by revenue.

Established in 1979, Robinson is a leading Thai department store chain, operating in both Metro Bangkok and in Thailand's provincial areas. Robinson is the leader in provincial market, serving budget-conscious, middle class consumers. Its stores offer affordable apparel, footwear, and accessories for men and women, as well as cosmetics, handbags and small appliances. Robinson operated twenty-one department stores throughout Thailand at the time of Lombard’s investment in the Company in 2009. As of June 2011, the Company operated twenty-four department stores. In September 2011, Robinson was selected by Forbes as one of the best 200 Asian companies with a market capitalization of less than US$1 billion.

In 2003, Lombard invested in S.Pack and Print PCL (“S.Pack”), a privately held, high grade commercial printer and corrugated box manufacturer servicing multinational companies including producers of latex gloves, consumer electronics, convenience food and several international airlines. Lombard’s capital enabled the company to expand its corrugated paper production lines and improve its working capital ratio. With this enhanced capacity, S.Pack grew steadily to become one of Thailand’s leading paper packaging companies, operating factories in Had Yai District, Songkhla Province, and Bangkok. S.Pack launched a successful IPO in 2004; in 2011, Lombard exited through a strategic sale to Oji Paper Company Limited, Japan’s leading paper packaging and related product manufacturer.

In May 2008, Lombard made an investment in San Shing Fastech Corporation ("San Shing"), one of the world's leading manufacturers of automotive fastener systems. San Shing will use the proceeds from Lombard to fund capital expenditure programs. San Shing was founded in Taiwan in 1965, listed on the Taiwan OTC in 1998 and moved to Taiwan's main exchange in 2011. The Company employs more than 1,000 skilled workers at its manufacturing facilities in Taiwan and operates as a fully integrated manufacturer, designing and producing tooling dies and production machinery, in addition to high grade, specialty fastener systems. BMW, Ford, GM and Mercedes-Benz are counted among end users of the Company's products.

Established in 1973, S&P Syndicate Public Company Limited ("S&P") is one of Thailand's largest and best-known restaurant and bakery chains. S&P is widely recognized for high-quality food products, including frozen ready-to-eat meals, snack foods and bakery products, and friendly service. In 2005, S&P received the Prime Minister's Export Award for outstanding performance as a service provider. Its restaurants and bakery outlets are located throughout Thailand and in key markets overseas, with the major concentration in the Bangkok metropolitan area. Lombard made its investment in S&P in 2005, at which time S&P's outlets included 84 domestic and overseas restaurants and 149 bakeries. In late 2006, Minor International ("MINT"), a leading hospitality and food service group, made a strategic investment in S&P. At time of divestment, S&P owned more than 100 domestic and overseas restaurants under various brands, as well as a network of over 200 bakery outlets. Lombard exited this investment in 2010.

Established in 1981, SNC Former PCL is Thailand’s leading manufacturer of air conditioner parts for the automotive and housing industries. SNC’s customers include leading air-conditioner makers such as Fujitsu, Mitsubishi, Sharp, Panasonic and Toshiba, and first-tier automotive OEM suppliers to automakers such as Nissan, Mitsubishi, Ford, Honda and Toyota. In 2007, SNC made plans to become an OEM supplier of residential air-conditioners; later that year, Lombard negotiated an investment in the Company to finance this initiative.

Somboon Group ("SBG") is one of Thailand's leading first-tier Original Equipment Manufacturing ("OEM") suppliers of auto parts. Established in 1941, SBG pioneered the manufacturing of automotive spring products in Thailand. SBG later began manufacturing other vehicle parts including drive shafts, brake parts and chassis parts. Lombard invested in SBG's holding company, Somboon Advance Technology ("SAT") in 2004. Somboon used the proceeds to restructure its balance sheet and prepare for a listing on the Stock Exchange of Thailand. Its shares began trading on the Stock Exchange of Thailand in January 2005. Lombard assisted the Company in disposing of non-core assets, making select acquisitions, and successfully diversifying into the electric and agricultural vehicle sectors. Lombard exited this investment in 2011.

In April 2008, Lombard became the largest shareholder of Professional Services, Inc., owner operator of The Medical City, one of the leading private care hospitals and medical clinic managers in the Philippines. Located in Metro Manila, The Medical City has earned a Joint Commission International Accreditation (“JCIA”), the most prestigious international certificate for healthcare organizations. Current facilities include a full service hospital, 280 onsite doctor's office/medical clinics, and fifteen satellite clinics. Established over forty years ago and now led by the highly regarded Dr. Alfredo R. A. Bengzon, Medical City now serves more than 40,000 in-patients and approximately 400,000 out-patients each year. In 2011, The Medical City performed the Philippines’ first successful pediatric liver transplant.

In 2008, construction began on an expansion of a new medical tower to house facilities for additional special services, diagnostics, administrative offices, and an international-class wellness spa. Several specialty units became fully operational in 2010. In 2011, PSI launched two new projects, The Medical City Clark, a 150-bed hospital in Pampanga and The Guam Regional Medical City, a 130-bed hospital in Guam.

Established in 1990 as an industrial facility outsourcing company, TICON Industrial Connection Public Company Limited ("TICON") constructs, leases and manages standard factories for light industrial applications located in various industrial estates in Thailand. At the time of Lombard's investment in 2004, TICON controlled a portfolio of 139 factories in eight different industrial estates on the Eastern Seaboard and in an industrial area north of Bangkok. TICON used the proceeds from Lombard to purchase additional land on which to build and lease additional factory space. In 2005, TICON developed a new logistics business. Lombard helped launch the public offering of the TICON Property Fund ("TFUND"), a $43 million property fund, successfully listed on the Stock Exchange of Thailand in May 2005. TFUND was the first industrial REIT in Thailand, and it made a second offering, raising approximately $50 million, in April 2006. Euromoney named TICON, "The Best Industrial/Warehouse Developer in Thailand" in 2008. As of June 2011, TICON owned and/or managed a portfolio of 422 factories and warehouses.

Trinity Watthana PCL is a leading Thai retail brokerage firm offering financial services, including securities brokerage, fixed income trading, investment banking (financial advisory and underwriting services), derivatives trading and equity research. The Company operates fourteen branches throughout Thailand. The Company was formed in 2001 by a group of experienced Thai securities professionals. In 2002, Lombard and Krung Thai Bank, one of Thailand's largest banks, made an initial investment in Trinity. Trinity completed an IPO on the Stock Exchange of Thailand in December 2002. Proceeds from Lombard have been used to expand the Company's retail operations. In July 2005, Trinity was one of ten listed firms to receive a Best Corporate Governance Report Award from the Stock Exchange of Thailand for its compliance with the SET's 15 good corporate governance principles.