European Capital Announces Closing of Euro 750 Million (US$900 Million) of Equity Commitments
St. Peter Port, Guernsey (ots/PRNewswire)
European Capital
Limited ("European Capital") announced today that it had closed on
the offering of euro 750 million (US$900 million) of equity
commitments. An aggregate of euro 229 million (US$275 million) of
equity commitments were provided by third party institutional
investors with the balance provided by European Capital's affiliate,
American Capital Strategies Ltd. (Nasdaq: ACAS). These equity
commitments were privately placed. European Capital expects to draw
down the equity commitments over an approximately two year period to
fund its investments and operations in the ordinary course of
business.European Capital, through its subsidiary European Capital S.A. SICAR, will invest in and sponsor management and employee buyouts, invest in private equity buyouts and provide capital directly to private and mid-sized public companies. A wholly-owned affiliate of American Capital, European Capital Financial Services (Guernsey) Limited, will serve as the investment manager of European Capital S.A. SICAR.
The equity interests in European Capital described above have not been and will not be registered under the United States Securities Act of 1933, as amended, or the laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
Consent under the Control of Borrowing (Bailiwick of Guernsey) Ordinance, 1959 as amended, has been obtained by European Capital. Neither the Guernsey Financial Services Commission nor the States of Guernsey Policy Council takes any responsibility for the financial soundness of European Capital or for the correctness of any of the statements made or opinions expressed with regard to it.
Web site: http://www.EuropeanCapital.com
Contact:
John Erickson, Director of European Capital Limited, +1-301-951-6122;
or Jean Eichenlaub, Managing Director, + 33-0-1-40-68-06-66, Nathalie
Faure Beaulieu, Managing Director, + 44-0-87-0735-4184, or Brian
Maney, Director, Corporate Communications, +1-301-951-6122, all of
European Capital Financial Services