European Capital Invests in Add-On Acquisition for Portfolio Company Eau Ecarlate
22 9월 2006 - 5:15AM
PR Newswire (US)
PARIS, Sept. 21 /PRNewswire/ -- European Capital S.A. SICAR
announced today it has made an additional investment in its
portfolio company Eau Ecarlate to support its acquisition of the
Household Products Division of Guaber, a branded consumer products
company in the Italian market. The combined entity will operate as
The Spotless Group. Guaber's senior management is investing in
equity. AXA Private Equity is the majority owner of Eau Ecarlate.
"We are pleased to be partnering with AXA Private Equity for the
second time and supporting the growth of our portfolio company Eau
Ecarlate," said Ira Wagner, President of European Capital Financial
Services Limited, ("European Capital Services"), the sub-investment
manager of European Capital. "Eau Ecarlate, the clear category
leader in the linen care products in France, and Guaber, the leader
in branded fabric care, household cleaning and insecticides in
Italy, are an excellent match," said Jean Eichenlaub, European
Capital Managing Director. "This strategic acquisition provides Eau
Ecarlate with a strong portfolio of well-known Italian household
brands, which will increase and diversify its current product
portfolio as well as broaden its geographic reach through Guaber's
extensive international distribution network." "Guaber's strong
financial performance and leading brand names make it an excellent
addition to the household products platform that AXA Private Equity
is developing," said Stephane Legrand, European Capital Director.
"We are excited to play a part in helping create this larger
pan-European household products company, which will have leading
market positions in niche household market segments across Europe."
Headquartered in Bologna, Italy and founded in 1961, Guaber's
Household Products Division manufactures and supplies branded
fabric care, household cleaning, insecticides and other home and
garden products for the Italian household products market. Guaber's
products include insect, pest and rodent sprays, baits, traps and
repellants; linen care products such as laundry protection sheets,
textile dyes and additives and stain removers; surface cleaners;
and household deodorants, such as aerosol sprays, pumps, self-
adhesive disk deodorizers, liquid fragrances and air fresheners.
Guaber's well-recognized brands include Grey, L'Acchiappacolore,
L'Acchiappagrigio, Vim Clorex, VAPE, Coloreria, Drago, Fito and
Deo. European Capital originally invested in Eau Ecarlate in
November 2005, supporting AXA Private Equity's buyout. Eau Ecarlate
is the leading supplier of branded fabric care products to the
French retail market. The Eau Ecarlate brand was established more
than 150 years ago and is widely recognized as the leading laundry
aid brand in France. The Company's products include Eau Ecarlate
linen care products, Vigor surface cleaners, Vu eye glasses
cleaner, Javel Dose bleach products, Allume Vite fire lighters, and
Septifos toilette and septic system cleaner, all highly recognized
brands. Eau Ecarlate sells to every major supermarket and
hypermarket in France. For more information about European
Capital's investment in Eau Ecarlate, go to
http://www.ecas.com/our_portfolio/companies/company.cfm?p_comp=219.
ABOUT EUROPEAN CAPITAL European Capital is a buyout and mezzanine
fund with capital resources of approximately euro 1.7 billion ($2.2
billion). 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 generally invests from euro 5 million to euro 125
million per transaction in equity, mezzanine debt, senior debt and
convertible bonds 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 $8.9 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. American Capital provides
senior debt, mezzanine debt and equity to fund growth,
acquisitions, recapitalizations and securitizations. American
Capital invests up to $400 million per company. ABOUT AXA PRIVATE
EQUITY AXA Private Equity, an AXA Investment Managers company with
offices in Paris, Frankfurt, London, New York and Singapore,
participates in private equity activities including Leveraged Buy
Outs, Expansion, Venture, Co- investment, Mezzanine, Primary, Early
Secondary and Secondary Funds of Funds. AXA Private Equity manages
and/or advises Private Equity funds with assets in excess of euro
8.5 billion. This press release contains forward-looking
statements. The statements regarding expected results of European
Capital and/or American Capital 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 European Capital and/or American Capital
has made investments. DATASOURCE: European Capital CONTACT: Jean
Eichenlaub, Managing Director, European Capital Services, +33 (0)1
40 68 06 66, Stephane Legrand, Director, European Capital Services,
+33 (0)1 40 68 06 66, Brian Maney, Director, Corporate
Communications, +1-301-951-6122, all of European Capital Web site:
http://www.europeancapital.com/ http://www.americancapital.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