American Capital Opens Affiliate European Capital Office in Paris
28 4월 2005 - 2:01PM
PR Newswire (US)
American Capital Opens Affiliate European Capital Office in Paris
BETHESDA, Md., April 28 /PRNewswire-FirstCall/ -- American Capital
Strategies Ltd. (NASDAQ:ACAS) announced today the opening of the
Paris office of its affiliate European Capital Financial Services
Ltd. Leading European Capital in Paris are Jean Eichenlaub,
Managing Director and member of the Investment Committee and
Jacques Pancrazi, Director. The office will open with six
employees. European Capital is a buyout and mezzanine investment
company. European Capital will be an investor in and sponsor of
management and employee buyouts, invest in private equity buyouts,
and provide capital directly to private and mid-sized public
companies. European Capital intends to invest from euro 5 million
to euro 125 per transaction million in equity, mezzanine debt and
senior debt to fund growth, acquisitions and recapitalizations. "We
are proud to announce the opening of our first European Capital
office in Paris and the appointment of Jean Eichenlaub as Managing
Director and Jacques Pancrazi as Director of European Capital,"
said Malon Wilkus, American Capital Chairman, President and CEO and
Chairman and CEO of European Capital. "This is an outstanding,
established team, with tremendous buyout experience in Europe.
Jean's team will be instrumental in developing European Capital's
presence in Europe. American Capital has spent the past 18 months
measuring market opportunities, evaluating industry practices and
considering the advantages of our business model in the European
market. Having invested in three buyouts in Europe over the past
three years without a European presence, we concluded, as part of
our strategic planning process, that it was time we establish
European Capital as a permanent presence on the Continent."
"European Capital will be introducing to Europe American Capital's
unique strengths and financial capabilities made possible by its
public company format," said Jean Eichenlaub, Managing Director of
European Capital and member of its Investment Committee. "The
European buyout and mezzanine middle market totaled over euro 12
billion in 2004, the second largest in the world. European Capital
intends to finance one-stop buyouts of high performing middle
market companies, funding with equity, mezzanine and senior debt,
and provide financing to equity sponsors in non-control
investments. With our large institutional capabilities, we can
respond throughout Europe with fast and attractive financing
solutions ranging from euro 5 million to euro 125 million for
middle market companies with enterprise values from euro 20 million
to euro 250 million." "We believe that our Paris office will be a
cornerstone of our European presence and critical to our success,"
said Ira Wagner, American Capital Chief Operating Officer and
President of European Capital. "Jean Eichenlaub and Jacques
Pancrazi, with 15 years of combined experience, bring to European
Capital a wealth of European middle market experience. In addition,
American Capital Managing Director Roland Cline, a member of our
Investment Committee, will be residing in the Paris office to
provide integration with American Capital and future offices we
establish in Europe. Roland has been with American Capital for 17
years and will provide important institutional continuity to
European Capital." Jean Eichenlaub has been at Banque Lazard's
private equity subsidiary, Fonds Partenaires-Gestion, for five
years, including serving three years as Deputy Managing Director.
Mr. Eichenlaub has led middle market private equity transactions in
health care, light industry and manufacturing, specialized
distribution and hospitality involving in the aggregate more than
euro 500 million in the French market. Before that he was a
Director and head of the asset and structured finance department at
Commerzbank in Paris. He has served on the Board of Directors of 11
middle market companies throughout Europe. Jacques Pancrazi also
joins European Capital from Banque Lazard's private equity
subsidiary, Fonds Partenaires-Gestion. At Lazard, Mr. Pancrazi was
responsible for portfolio management and financial performance
monitoring, in addition to several restructuring assignments. Prior
to Lazard, he was Corporate Controller, Western Europe, for
Primagaz Group and Financial Controller, BTR plc (now Invensys),
Sealing Systems France division. Mr. Pancrazi began his career as
an auditor at Price Waterhouse, Paris. He has served on the Board
of Directors of 7 middle market companies throughout Europe. ABOUT
AMERICAN CAPITAL American Capital is a publicly traded buyout and
mezzanine investment company with capital resources of
approximately $5.2 billion and $1 billion of availability. American
Capital has invested in over 160 portfolio companies. American
Capital is an investor in and sponsor of management and employee
buyouts, invests in private equity buyouts, and provides capital
directly to private and small public companies. American Capital
provides equity, mezzanine debt and senior debt to fund growth,
acquisitions and recapitalizations. As of March 31, 2005, American
Capital shareholders have enjoyed a total return of 311% since the
Company's 1997 IPO -- an annualized return of 21%, assuming
reinvestment of dividends. American Capital has paid a total of
$717 million in dividends and paid $16.76 dividends per share since
its IPO at $15 per share. Companies interested in learning more
about American Capital's flexible financing should contact Mark
Opel, Senior Vice President, Business Development, at (800)
248-9340, or visit our website at http://www.americancapital.com/.
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 made investments. DATASOURCE:
American Capital Strategies Ltd. CONTACT: Ira Wagner, COO of
American Capital, President of European Capital, +1-301-951-6122;
Jean Eichenlaub, Managing Director of European Capital,
+33-0-1-40-68-06-66; or Brian Maney, Director, Corporate
Communications of American Capital, +1-301-951-6122 Web site:
http://www.americancapital.com/
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