European Capital Completes Second One Stop Buyout(TM)
17 2월 2006 - 10:30PM
PR Newswire (US)
Invests in Leading Distributor of Motorcycle and Bicycle Gear and
Accessories PARIS, Feb. 17 /PRNewswire-FirstCall/ -- 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. Action Sport's management
team is investing in common equity and warrants. Post close,
European Capital owns approximately 88% of Action Sport, on a fully
diluted basis. "European Capital's Paris office opened eight months
ago and has now completed its second One Stop Buyout(TM)," said Ira
Wagner, President of European Capital Financial Services Limited
("European Capital Services"), the sub-investment manager of
European Capital. "Action Sport is exactly the type of company in
which European Capital seeks to invest: a market leader with a
motivated management team and a history of solid financial
performance." European Capital has invested approximately euro 253
million ($300 million) in 12 companies since its formation in
August of 2005. For more information about European Capital's
portfolio, go to
http://www.europeancapital.com/our_portfolio/our_portfolio.cfm.
"Action Sport's fully owned subsidiary Royal Moto France holds a
leading market position in the highly fragmented French motorcycle
parts and accessories market, which is secured through its
exclusive distribution rights to many strong brand names and its
extensive and growing contractual network of independent retailers
known as 'UVSON'," said Jean Eichenlaub, European Capital Managing
Director. "In addition to its own private label brands, such as
MaCadam and Techno, Action Sport has long established positive
relationships with key leading brands of motorcycle and cycle gears
and accessories, including Sidi, Scott, Fox, Shift, Schuberth
Helme, KBC, Giro, and Bell. Action Sport has been distributing Fox
Racing Inc., the global leader of specialty clothing for off-road
motorcycle and bicycle riders for almost 30 years and is Fox's
largest distributor in Europe." "Action Sport has a widely
acclaimed reputation for professionalism and its product offering
of high quality brand names generate additional revenues for
retailers," said Jacques Pancrazi, European Capital Director. "Over
recent years, the Action Sport management team has implemented
proven growth strategies, which we anticipate will continue to
drive the Company's success. We're looking forward to working with
the team, especially newly appointed President and CEO Michael
Stelzhammer, who has worked at Action Sport since 1979 and been
instrumental in key strategic developments." Founded in 1971,
Action Sport's motorcycle and bicycle products are marketed through
four different operating entities: Royal Moto France Accessories, a
distributor of motorcycle gear and accessories; Royal Velo France,
a distributor of bicycle gear and accessories; PXP, a distributor
of motorcycle performance/tuning parts; and Royal Outdoor, a
distributor of branded outdoor accessories such as Fox sportswear
and footwear and Camelbak bags. Action Sport customers include
motorcycle dealers, bicycle retailers, motorcycle accessories
retailers and outdoor products retailers. The Company is
headquartered in Troyes, France and employs approximately 100
people. "European Capital is exactly the partner Action Sport needs
as we move forward with our strategic growth initiatives," said
Michael Stelzhammer, Action Sport President and CEO. "With their
financial support and the combined experience of their investment
team, we can significantly expand our network of retailers in
France, further strengthen our value-added services to our
retailers and enhance our sourcing capabilities, all the while
solidifying our position in the French motorcycle and bicycle gear
and accessories market." 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)20 7539 7000
in London, or visit the website at http://www.europeancapital.com/.
ABOUT AMERICAN CAPITAL American Capital Strategies Ltd.
(NASDAQ:ACAS), an affiliate of European Capital, is a publicly
traded buyout and mezzanine fund with capital resources of
approximately $7 billion. American Capital invests in and sponsors
management and employee buyouts, invests in private equity buyouts,
provides capital directly to 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. 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.
First Call Analyst: FCMN Contact: Brian.Maney@EuropeanCapital.com
DATASOURCE: European Capital CONTACT: Jean Eichenlaub, Managing
Director, +33 (0)1 40 68 06 66, or Jacques Pancrazi, Director, +33
(0)1 40 68 06 66, both of European Capital Services; or Brian
Maney, Director, Corporate Communications of European Capital,
+1-301-951-6122 Web site: http://www.europeancapital.com/
Copyright
American Capital Strategies (NASDAQ:ACAS)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
American Capital Strategies (NASDAQ:ACAS)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024