European Capital

European Capital Announces euro 30 Million Share Repurchase Plan

    St. Peter Port, Guernsey (ots/PRNewswire) -

    European Capital Limited ("European Capital") (LSE: ECAS) announced today  that its Board of Directors has approved a share repurchase plan.

    Under this plan, European Capital may repurchase up to euro 30 million of  its ordinary shares at prices below its net asset value, as reported in its  then most recently published financial statements, and otherwise in  accordance with resolutions adopted at the company's annual general meeting  held on 17 March 2008.

    European Capital anticipates that share repurchases will be made from  time to time, depending upon market conditions. The repurchase programme does  not obligate European Capital to acquire any specific number of shares and  may be discontinued at any time.

    European Capital intends to fund the repurchases with available cash. The  repurchase plan is expected to be in effect until 1 March 2009, or until the  approved amount has been used to repurchase shares.

    "We believe that acquiring up to euro 30 million of our shares at prices  below European Capital's net asset value will be accretive on a per share  basis to our earnings and net asset value and will also provide a great risk  adjusted return to our shareholders," said Malon Wilkus, European Capital  Chairman. "In the first quarter of 2008, European Capital invested a total of  euro 168 million in seven companies, raised over euro 520 million in capital  and realised euro 115 million from investments. Not only have our buyout and  mezzanine teams been making outstanding investments in some of Europe's best middle market companies, but our capital raising activities and portfolio  realisations give us significant resources to continue doing so."


    European Capital is a publicly traded investment company for pan-European  equity, mezzanine and senior debt investments with current capital resources  of approximately euro 2.8 billion (US$4.4 billion). It is managed by European  Capital Financial Services (Guernsey) Limited ("ECFGS"), an indirect wholly- owned affiliate of American Capital Strategies Ltd. ECFSG, together with its  wholly owned subsidiary European Capital Financial Services Ltd ("ECFS"), is referred to as the "Investment Manager". ECFS has offices in Paris, London,  Frankfurt and Madrid. As of 31 March 2008 the Investment Manager had 44  investment professionals and 66 support staff.

    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 primarily in Europe. European Capital  generally invests between euro 5 million and euro 500 million per transaction  in equity, mezzanine debt and senior debt to fund growth, acquisitions and  recapitalisations.

    The investment objective of European Capital is to provide investors with  dividend income and the potential for share value appreciation by investing  in debt and equity investments in private and public companies headquartered  primarily in Europe.

    European Capital seeks to achieve this through pursuing the following  types of investments:

    European Capital One Stop Buyouts(TM)

    Through our One Stop Buyouts(TM), European Capital provides equity,  mezzanine debt and senior debt as the lead investor in the buyout of private  and public companies.

    Mezzanine Direct with Sponsors

    European Capital provides debt and equity financing for buyouts sponsored  by private equity firms where European Capital is either the sole or lead  mezzanine debt investor.

    Syndicated Mezzanine and Senior Debt

    European Capital provides mezzanine and senior financing for buyouts  sponsored by private equity firms where European Capital is neither the sole  nor lead mezzanine or senior debt investor.

    Direct Investments

    European Capital provides debt and equity financing directly to private  and public companies, which is used for growth, acquisitions or  recapitalisations, and investing in structured finance vehicles.

    Companies interested in learning more about European Capital's flexible  financing should contact Nathalie Faure Beaulieu at +44-(0)20-7539-7000 in  London, Jean Eichenlaub at +33-(0)1-40-68-06-66 in Paris, Robert von  Finckenstein at +49-(0)-69-71-71-297-0 in Frankfurt, or Luis Felipe  Castellanos at +34-91-423-27-60 in Madrid, or visit the website at


    American Capital Strategies Ltd. (Nasdaq: ACAS) is the only private  equity fund and alternative asset management company that is a member of the  S&P 500. With US$19 billion in capital resources under management, the  largest U.S. publicly traded alternative asset manager.

    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, recapitalisations and securitisations. American Capital and its affiliates invest from US$5 million to US$800 million per company in North  America and euro 5 million to euro 500 million per company in Europe.


    This document may contain "forward-looking statements". By their nature,  forward-looking statements involve risk and uncertainty because they relate  to future events and circumstances. Many of these risks and uncertainties  relate to factors beyond European Capital's control or which cannot be  estimated precisely. These factors include, but are not limited to,  uncertainties associated with the timing of transaction closings, changes in interest rates, availability of transactions, changes in regional, national or international economic conditions, and changes in the conditions of the industries in which European Capital has made investments. Actual outcomes and results may therefore differ materially from any outcomes or results expressed or implied by any such forward-looking statements.

    Performance data quoted above represents past performance of European  Capital. Past performance does not guarantee future results and the  investment return and principal value of an investment in European Capital will likely fluctuate. Consequently, an investor's shares, when sold, may be worth more or less than their original cost. Additionally, European Capital's current performance may be lower or higher than the performance data quoted above.

    Nothing in this document is intended to be a profit forecast.

      Web site:

ots Originaltext: European Capital
Im Internet recherchierbar:

John Erickson, Dir., European Capital Financial Services (Guernsey)
Limited, or Tom McHale, Dir., European Capital Financial Services
Limited, or Justin Cressall, Equity Capital Markets, European Capital
Financial Services Limited, all of European Capital Limited,

Weitere Meldungen: European Capital

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