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European Capital

European Capital Invests Euro 22.5 Million in Alma Consulting Group

Paris (ots/PRNewswire)

European Capital, S.A. SICAR announced today it has invested euro
22.5 million in the mezzanine facility of Alma Consulting Group
("Alma"), the leading French provider of tax recovery and cost
reduction services for companies. European Capital's investment
represents 50% of the mezzanine facility arranged by Royal Bank of
Scotland, supporting Apax Partners' acquisition of Alma. European
Capital will be Agent of the mezzanine facility and will have a Board
observer seat. Alma management and employees retain significant
equity investments.
"European Capital is investing in the undisputed leader in a
dynamic market," said Ira Wagner, President of European Capital
Financial Services Limited ("European Capital Services"), the
sub-investment manager of European Capital. "In addition, we are very
pleased to be working with Apax Partners, one of the world's leading
private equity firms, and Royal Bank of Scotland, one of the leading
leveraged loan arrangers in Europe and the world."
European Capital has invested approximately euro 300 million
(US$356 million) in 14 companies since its formation in August of
2005. For more information about European Capital, go to
http://www.EuropeanCapital.com.
"Alma has developed a low cost, standardized approach to achieving
cost savings for its clients," said European Capital Managing
Director Jean Eichenlaub. "It has a widely diversified, loyal client
base and operates in one of the fastest growing segments of overall
consulting services. Its strong sales growth, high margins and
extraordinarily high rate of contract renewals make it a very
attractive investment."
"We are supporting a strong, experienced and well incentivized
management team that has driven Alma's growth and remarkable
success," said European Capital Vice President Stephane Legrand.
Alma generates clearly identified, measurable and secured savings
for its customers with respect to social charges, tax-related costs
and G&A costs, as well as obtaining Research and Development tax
credits or subsidies. The Company is paid on the basis of an agreed
percentage of the savings achieved or subsidies obtained. Operating
from its two main offices in Paris and Lyon, Alma has a customer base
of 9,000 companies, including 60% of the top 200 largest French
companies. The Company has 585 employees, operates in France,
Belgium, Spain, Poland and Israel, and has seen annualized sales
growth above 20% over the past 10 years.
"We are pleased to work with European Capital and value our
relationship with them," said Apax Partners Director Simon Marc.
"They bring a rare combination of depth and speed to a transaction."
"European Capital immediately understood the investment thesis and
acted quickly to complete the transaction," said Royal Bank of
Scotland Managing Director Howard Sharp. "We are impressed with their
flexibility and hard work."
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, or Nathalie Faure Beaulieu or Simon
Henderson at +44(0)207-539-7000 in London, or visit our website at
http://www.EuropeanCapital.com.
ABOUT AMERICAN CAPITAL
American Capital Strategies Ltd. (Nasdaq: ACAS) 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 early stage and mature private and small
public companies and through its asset management business is a
manager of debt and equity investments in private companies and
commercial loan obligations. American Capital provides senior debt,
mezzanine debt and equity to fund growth, acquisitions,
recapitalizations and securitizations. American Capital invests up to
US$300 million per transaction.
About Apax Partners
Apax Partners is one of the world's leading private equity
investment groups, operating across Europe, Israel and the United
States. Apax Partners has raised or advised approximately US$20
billion around the world. With over 30 years of direct investing
experience, Apax Partners' Funds provide long-term equity financing
to entrepreneurs. Apax invests in late venture, growth capital and
buyouts. Apax Partners' Funds invest in companies across its global
sectors of Tech & Telecoms, Retail & Consumer, Media, Healthcare and
Financial and Business Services. Other Apax investments include
Travelex, the world's largest foreign exchange specialist; SULO
Group, one of Germany's largest waste management companies; and UK
consumer finance group Picture Financial.
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, Stephane
Legrand, Vice President, +33 (0)1-40-68-06-66, or Brian Maney,
Director, Corporate Communications, +1-301-951-6122, all of European
Capital

Weitere Storys: European Capital
Weitere Storys: European Capital
  • 17.02.2006 – 14:34

    European Capital Completes Second One Stop Buyout (TM)

    Paris (ots/PRNewswire) - - Invests in Leading Distributor of Motorcycle and Bicycle Gear and Accessories European Capital, S.A. SICAR announced today it has completed the One Stop Buyout(TM) of Action Sport Holding, a leading distributor of motorcycle and bicycle gear and accessories in France. European Capital's investment takes the form of senior term loans, mezzanine debt, redeemable bonds and common equity. ...