Paris, November 17 (ots/PRNewswire) -
- euro 29 Million Invested in Leading Producer in European
Commercial Sushi Market
European Capital, S.A. SICAR announced today it has invested
approximately euro 29 million in the One Stop Buyout of Marco Polo
Foods, the leading producer in the European commercial sushi market.
European Capital's investment takes the form of senior term debt,
senior subordinated debt, redeemable bonds and common equity. Marco
Polo management is investing in redeemable bonds and common equity.
"Only six months after opening an office in France, we are very
pleased to announce European Capital's first One Stop Buyout,
executed by our Paris office," said Ira Wagner, President of European
Capital Financial Services Limited ("European Capital Services"), the
investment advisor of European Capital. "The buyout of Marco Polo
Foods is a significant milestone in the development of our European
franchise and France in particular. Since opening the Paris and
London offices, we are seeing a very robust transaction pipeline. In
addition, we are successfully bringing to bear our institutional
capabilities to the European mid cap market, establishing a
foundation for continued growth."
European Capital has invested nearly euro 100 million in five
companies since its formation in August of this year. For more
information about European Capital, go to
"We are investing in a company with a proven track record of
growth as well as attractive future growth potential," said European
Capital Services Managing Director Jean Eichenlaub. "Marco Polo was
the first to introduce and develop commercially produced high quality
fresh and frozen sushi and created YEDO, the only established brand
on the market. The Company also holds a worldwide patent for the
rapid defrosting of sushi products. Marco Polo has proven that it has
mastered the logistics of fresh sushi production, consistently
delivering a quality product and meeting growing demand. It continues
to innovate, now introducing a seven day shelf-life sushi product
with the potential to expand the market further in Europe to hyper
and super chains."
"Retailers strongly support sushi because it is a relatively small
product that requires limited shelf space yet generates high gross
margins," said Jacques Pancrazi, European Capital Services Director.
"Marco Polo was the first company in France to make sushi available
outside of Japanese restaurants and is now solidly positioned to lead
the market as sushi consumption continues to rise."
Marco Polo Foods was established in 1999 as the first commercial
producer of fresh and frozen sushi products to the French and
European retail markets. The Company's ISO certified manufacturing
facility is located approximately 100 miles south of Paris in
Contres, France, where it operates from a top quality controlled
newly built production site. The Company, which has consistently
improved operating margins, currently has 120 employees producing
more than 300,000 sushi per day.
"European Capital's institutional capabilities and access to
capital make it a very good investment partner for our business,"
said Jean-Charles Halimi, Marco Polo founder and CEO. "We are pleased
to know them and we welcome them as a partner as we grow the European
market and develop our sushi concept for expansion to North America.
This type of frozen sushi is not sold in American supermarkets and
that presents us with opportunities for future development."
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 Jean Eichenlaub at
+33-(0)-1-40-68-06-66 in Paris, Simon Henderson at
+44-(0)-87-0351-6988 or Nathalie Faure Beaulieu at
+44-(0)-87-0735-4184 in London, or visit our website at
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$6.8 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.
As of October 31, 2005, American Capital shareholders have enjoyed
a total return of 419% since the Company's IPO -- an annualized
return of 22%, assuming reinvestment of dividends. American Capital
has paid a total of US$868 million in dividends and paid or declared
US$19.08 dividends per share since its August 1997 IPO at US$15 per
Performance data quoted above represents past performance of
American Capital. Past performance does not guarantee future results
and the investment return and principal value of an investment in
American Capital will likely fluctuate. Consequently, an investor's
shares, when sold, may be worth more or less than their original
cost. Additionally, American Capital's current performance may be
lower or higher than the performance data quoted above.
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
Web site: http://www.EuropeanCapital.com
ots Originaltext: European Capital
Im Internet recherchierbar: http://www.presseportal.ch
Jean Eichenlaub, Managing Director, +33-(0)-1-40-68-06-66, Jacques
+33-(0)-1-40-68-06-66, or Brian Maney, Corporate Communications,
+1-301-951-6122, all of European Capital