European Capital Invests Euro 148 Million in Buyout and Mezzanine Transactions
Luxembourg (ots/PRNewswire)
European Capital Limited and its
wholly owned subsidiary European Capital, S.A. SICAR ("European
Capital") announced today it has invested approximately euro 148
million (US$173 million) in seven companies since its formation in
August of this year. Six of these companies are majority owned by
private equity sponsors.Five of the investments, totaling euro 84 million (US$98 million),
were implemented by the London office of European Capital Financial
Services Limited ("European Capital Services"), the sub-manager of
European Capital. European Capital Services' Paris office implemented
two transactions, one previously announced, totaling euro 64 million
(US$75 million): euro 29 million in the One Stop Buyout of Marco Polo
Foods, the leading producer in the European commercial sushi market,
and euro 35 million in Eau Ecarlate, the leading supplier of branded
fabric care products to the French retail market, to support Axa
Private Equity's buyout."We are very pleased to note that since August, the London office has arranged five mezzanine investments and the Paris office has arranged a buyout and mezzanine investment, an excellent beginning to European Capital," said European Capital Services President Ira Wagner. "The start up of European Capital has proceeded better than we had anticipated. The market is receptive to our mezzanine capabilities and our One-Stop Buyouts(TM), our excellent European team is working hard and we anticipate significant new investments by European Capital in the months and years ahead."
"Our Mezzanine division is off to a strong start," said Nathalie Faure Beaulieu, Managing Director. "We are pleased to be working with both distinguished sponsors and arrangers, and look forward to developing a broad range of relationships within the industry."
ABOUT EUROPEAN CAPITAL
European Capital is a buyout and mezzanine fund with capital resources of euro 750 million. European Capital invests in and sponsors management and employee buyouts, invests in private equity buyouts and provides capital directly to private and mid-sized public companies. European Capital invests from euro 5 million to euro 125 million per transaction in equity, mezzanine debt and senior debt to fund growth, acquisitions and recapitalizations.
Companies interested in learning more about European Capital's flexible financing should contact one of the following European Capital Services Managing Directors: Nathalie Faure Beaulieu at +44-20-7539-7020 in London, Simon Henderson at +44-20-7539-7042 in London, or Jean Eichenlaub at +33-(0)-1-40-68-06-66 in Paris, or visit our website at http://www.EuropeanCapital.com.
ABOUT AMERICAN CAPITAL
American Capital Strategies Ltd. (Nasdaq: ACAS), an affiliate of European Capital, is a publicly traded buyout and mezzanine fund with capital resources of approximately US$7 billion. American Capital invests in and sponsors management and employee buyouts, invests in private equity buyouts, provides capital directly to private and small public companies and through its asset management business is a manager of debt and equity investments in private companies. American Capital provides senior debt, mezzanine debt and equity to fund growth, acquisitions and recapitalizations.
This press release contains forward-looking statements. The statements regarding expected results of American Capital Strategies are subject to various factors and uncertainties, including the uncertainties associated with the timing of transaction closings, changes in interest rates, availability of transactions, changes in regional, national or international economic conditions, or changes in the conditions of the industries in which American Capital has made investments.
Web site: http://www.EuropeanCapital.com http://www.americancapital.com
Contact:
Jean Eichenlaub, Managing Director, +33-(0)-1-40-68-06-66, Simon
Henderson, Managing Director, +44-20-7539-7000, or Nathalie Faure
Beaulieu, Managing Director, +44-20-7539-7000, all of European
Capital Services; or Brian Maney, Corporate Communications of
American Capital Strategies Ltd., +1-301-951-6122