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European Capital

European Capital Invests 29 Million Euro in Buyout of Soflog-Telis

St. Peter Port, Guernsey (ots/PRNewswire)

European Capital S.A. SICAR, a wholly-owned subsidiary of European
Capital Limited (LSE: ECAS) ("European Capital") announced today that
it, together with ECAS S.a.r.l. and ECAS II S.a.r.l., has invested 29
million euro in the buyout of Soflog-Telis, a leading provider of
logistics services to major industrial customers in France. The
investment was led by the Paris office of European Capital Financial
Services Limited ("European Capital Services"), the sub-investment
manager of European Capital, and takes the form of equity and senior
and junior mezzanine debt. Following the investment, European Capital
and the Soflog-Telis' management team led by Bruno de Chaisemartin,
former Chairman, are the majority shareholders of Soflog-Telis with a
combined 55% ownership. 3i maintains its current 45% stake in
Soflog-Telis.
"We are very proud to support Soflog-Telis. The Company has
successfully implemented a unique business model in the industrial
logistics sector in France and has a large offering of business
services for the industrial supply chain," said Jean Eichenlaub,
Managing Director of European Capital Services.
"Bruno de Chaisemartin is a highly successful manager with a deep
knowledge of the logistics outsourcing sectors. Soflog-Telis'
attractive business model is centered on its operational flexibility
and national network, which provides effective and rapid response to
industrial demand fluctuations as companies are increasingly willing
to outsource their industrial logistics," said Tristan Parisot,
Director of European Capital Services. "This majority buyout
alongside Soflog-Telis CEO Bruno de Chaisemartin and his management
team will enable Soflog-Telis to remain independent while providing
the group the resources to pursue its growth strategy."
Founded in 1952, Soflog-Telis is the leading provider of
outsourced industrial logistics to over 2,100 customers, among them
many blue chip industrial companies operating within a diversity of
end-markets, including aerospace, naval, energy, telecom, medical,
automotive and transportation. Soflog-Telis provides a comprehensive
range of logistics services which allow customers to focus on their
core-business while outsourcing and lowering logistics costs. The
Company's services include upstream operations, production line
operations and downstream operations. Soflog grew at approximately
10% annually between 2003 and 2006 when it acquired Groupe Telis,
another fast-growing supplier of logistics services. This build-up
doubled the size of the group which now reaches 158 million euro
revenues. Soflog-Telis is based in Asnieres, near Paris, and has 52
leased sites nationwide, 6 sites situated within client facilities,
and more than 1,800 employees.
"European Capital stands out with its flexibility, speed and
dedication to working closely with management teams," said Bruno de
Chaisemartin, new CEO of Soflog-Telis. "The Company has enjoyed a
solid organic growth over the last 5 years and I am very excited to
pursue this adventure with the existing team. The growth potential of
Soflog-Telis is strongly supported by the outsourcing trend in France
and its ability to provide quality, customized logistics solutions at
a local level is a significant advantage."
"Soflog-Telis now aims to extend its offer of services to its
industrial customers by offering new added-value services, such as
specific packaging, outsourced control, and reverse logistics offer,"
continued Mr. de Chaisemartin. "Soflog-Telis offers its customers
innovative and customized solutions with high level quality and
closed follow-up. This strategy will enable the group to increase its
presence in aerospace, medical, energy and railway sectors."
ABOUT EUROPEAN CAPITAL
European Capital is a publicly traded company for pan-European
equity, mezzanine and senior debt investments with capital resources
of approximately 2.3 billion euro (US$3.2 billion). European Capital
invests in and sponsors management and employee buyouts, invests in
private equity buyouts and provides capital directly to private and
public companies headquartered predominantly in Europe. European
Capital generally invests between 15 million euro and 500 million
euro per transaction in equity, mezzanine debt and senior debt to
fund growth, acquisitions and recapitalizations.
European Capital has invested over 1.7 billion euro (US$ 2.3
billion) in the last twelve months, 1.3 billion euro (US$ 1.7
billion) year to date and 304 million euro (US$ 419 million) quarter
to date. For more information about European Capital's portfolio, go
to http://www.ecas.com/our_portfolio/portfolio.html
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, Nathalie Faure Beaulieu or Simon
Henderson at +44-(0)-20-7539-7000 in London, Robert von Finckenstein
at +49-(0)-69-7171-2970 in Frankfurt, or Luis Felipe Castellanos at
+34-91-745-99-63 in Madrid, or visit the website at
http://www.EuropeanCapital.com .
ABOUT AMERICAN CAPITAL
American Capital Strategies Ltd. (Nasdaq: ACAS) is an affiliate of
European Capital and the only alternative asset management company
that is a member of the S&P 500. With US$17 billion in assets under
management(1), American Capital is the largest U.S. publicly traded
private equity fund and one of the largest publicly traded
alternative asset managers. American Capital, both directly and
through its global asset management business, is an investor in
management and employee buyouts, private equity buyouts, and early
stage and mature private and public companies. American Capital
provides senior debt, mezzanine debt and equity to fund growth,
acquisitions, recapitalizations and securitizations. American Capital
and its affiliates invest from US$5 million to US$800 million per
company in North America and 5 million euro to 500 million euro per
company in Europe.
(1) Assets Under Management is an estimate of internally and
externally managed assets as of July 31, 2007 and does not include
any fair value adjustments subsequent to June 30, 2007.
This press release contains forward-looking statements. The
statements regarding expected results of European Capital and/or
American Capital 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 European
Capital and/or American Capital has made investments.
Web site: http://www.EuropeanCapital.com
              http://www.americancapital.com

Contact:

Jean Eichenlaub, Managing Director, Tristan Parisot, Director, or
Marie Bal, Communication Manager, all of European Capital Services,
+33-0-1-40-68-06-66

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