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European Capital Opens Madrid Office
Madrid, Spain (ots/PRNewswire) -
European Capital Financial Services Limited ("European Capital") announced today the opening of its Madrid office, which will be in operation pending the approval of the Financial Services Authority (FSA) and La Comision Nacional del Mercado de Valores (CNMV). The office will concentrate on mezzanine investments, while also providing flexible financing for the Spanish market. Leading European Capital in Madrid is Luis Felipe Castellanos, Managing Director. The Madrid office is the fourth European Capital office, in addition to London, Paris and Frankfurt. The Frankfurt office was recently opened in April 2007. The four offices combined have approximately 90 employees.
European Capital Financial Services Limited is the sub-investment manager of European Capital Limited (LSE: ECAS). European Capital is an affiliate of American Capital Strategies Ltd. (Nasdaq: ACAS), a member of the S&P 500 and largest U.S. publicly traded private equity firm and one of the largest publicly traded alternative asset managers.
"We are delighted that Luis Felipe Castellanos is joining European Capital at such an exciting time. European Capital has established a strong base in Europe and the opening of the Madrid office is the next step in expanding our presence in the European marketplace," said Ira Wagner, President of European Capital and Chief Operating Officer of American Capital Strategies Ltd. "We are excited with the many opportunities in Spain and Portugal. Luis Felipe's extensive investment experience in this region makes him a valued addition to European Capital as we continue to expand our investment horizons."
"European Capital offers extensive competitive advantages to private equity firms seeking financing for buyouts," continued Wagner. "With euro 2.1 billion of capital resources we can invest euro 5 million to euro 500 million, as a public company we can provide one stop financing, with permanent capital we can be a patient partner, with 37 investment professionals we can speed to a closing, with 11 audit professionals we can help private equity firms avoid mistakes, with 12 offices worldwide we can provide local service and with our global operations we can fund in U.S. dollars, Euros, Sterling or Canadian dollars."
European Capital Limited has invested an aggregate of euro 2.3 billion in 58 companies since its establishment in August 2005, of which euro 968 million was invested in 27 companies in the first and second quarters of 2007. Euro 707 million was invested in 14 companies in the second quarter of 2007. European Capital Limited investments in Spain total euro 55 million (based on portfolio company headquarter locations), including Amadeus Global Travel Distribution S.A., a worldwide provider of marketing and distribution services to the travel industry and Telepizza, an Iberian market leader in the pizza delivery and take-away sector.
European Capital Limited has investments in the U.K., Germany, France, Luxembourg, the Netherlands, Sweden, Norway, Spain, Switzerland and Italy. Mezzanine investments have been in consumer and leisure, healthcare, business and financial services and the industrials sector. For more information about European Capital's portfolio, go to www.ECAS.com/our_portfolio/portfolio.html
"Luis Felipe brings to European Capital a profound knowledge of the leveraged finance market in Spain and Portugal. We believe that Luis Felipe and the team he develops will be a great contributor in expanding European Capital's mezzanine business," said Jean Eichenlaub, Managing Director, European Capital.
The 34 private equity sponsors with which European Capital Limited has worked include: 3i, 21 Centrale Partners, ABN AMRO Capital France, Apax Partners, Argan Capital, Astorg Partners, AXA Private Equity, Bain Capital, Barclays Private Equity, BC Partners, The Blackstone Group International, Candover Partners, CapVest Equity Partners, Charterhouse Capital Partners, Cinven, Doughty Hanson & Co., Duke Street Capital, Electra Partners Europe, Financiere Agache Private Equity, Investcorp International, Kohlberg Kravis Roberts & Co., LBO France, Legal & General Ventures, Lehman Brothers Merchant Banking, Lion Capital, Nordic Capital, Permira, Vestar Capital Partners, Weinberg Capital Partners, and WENDEL Investissement.
"I am excited to be joining the European Capital organization," said Mr. Castellanos. "The firm's low-cost capital, its ability to arrange and participate in subordinated debt financing, including mezzanine, PIK and second lien and its impressive institutional resources produce a great variety of high quality investment opportunities. I look forward to assisting in building this innovative and powerful franchise in Europe."
Mr. Castellanos was Managing Director and Head of Leveraged Finance of Spain and Portugal at BNP Paribas in Madrid. At BNP Paribas, he managed LBOs, MBOs, recapitalizations and refinancings, among other types of transactions. While at BNP Paribas, Luis Felipe also held other positions, including Head of Energy, Commodities, Export & Project Finance for Spain and Portugal and Director of the Project Finance & Utilities Group first in Paris and then in New York. Mr. Castellanos began his career at ACS-Dragados in Madrid, working in the M&A Group. He holds a degree in economics from the Universidad Autonoma in Madrid.
ABOUT EUROPEAN CAPITAL
European Capital Limited is a closed-end investment company for pan-European equity, mezzanine and senior debt investments with capital resources of approximately euro 2.1 billion (US$2.9 billion). European Capital Limited 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 Limited generally invests between euro 5 million and euro 500 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 Luis Felipe Castellanos at +34-(91)-745-99-63 in Madrid, Jean Eichenlaub at +33-(0)-1-40-68-06-66 in Paris, or Nathalie Faure Beaulieu or Simon Henderson at +44-(0)-20-7539-7000 in London, or Robert von Finckenstein at +49-(0)-69-71-71-297-0 in Frankfurt, or visit the website at www.EuropeanCapital.com.
ABOUT AMERICAN CAPITAL
American Capital Strategies Ltd. (Nasdaq: ACAS), a member of the S&P 500 with US$15 billion in assets under management, is the largest U.S. publicly traded private equity firm 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 euro 5 million to euro 500 million per company in Europe.
This announcement includes statements that are, or may be deemed to be, 'forward-looking statements'. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms 'believes', 'estimates', 'plans', 'projects', 'anticipates', 'expects', 'intends', 'may', 'will', or 'should' or, in each case, their negative or other variations or comparable terminology. These forward-looking statements include matters that are not historical facts and include statements regarding European Capital's intentions, beliefs or current expectations concerning, among other things, European Capital's results of operations, financial condition, liquidity, prospects, growth and strategies.
By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. A number of factors could cause actual results and developments to differ materially from those expressed or implied by the forward-looking statements.
Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements in this announcement reflect European Capital's view with respect to future events as at the date of this announcement and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to European Capital's operations, results of operations, growth strategy and liquidity. European Capital undertakes no obligation publicly to release the results of any revisions to any forward-looking statements in this announcement that may occur due to any change in its expectations or to reflect events or circumstances after the date of this announcement.
Information in this announcement or any of the documents cannot be relied upon as a guide to future performance.
ots Originaltext: European Capital Financial Services Limited
Im Internet recherchierbar: http://www.presseportal.ch
Jean Eichenlaub, Managing Director, +33-(0)-1-40-68-06-66, Luis
Felipe Castellanos, Managing Director, +34-(91)-745-99-63, Brian
Maney, Director of Corporate Communications, +1-301-951-6122, all of
European Capital Financial Services Limited