European Capital's Frankfurt Office Closes First Investment, euro 10 Million In Euro-Druckservice
30 7월 2007 - 4:00PM
PR Newswire (US)
FRANKFURT, Germany, July 30 /PRNewswire-FirstCall/ -- ECAS S.a.r.l.
("European Capital"), a wholly-owned subsidiary of European Capital
Limited (LSE:ECAS), announced today that it has invested euro 10
million ($13.8 million) in the mezzanine facility of
Euro-Druckservice AG ("EDS"), a leading commercial printer
operating in central and eastern Europe. European Capital's
investment represents a significant share of the mezzanine facility
arranged by Dresdner Kleinwort and supports the acquisition of EDS
by 3i. "We are investing in a leading commercial printing company
that is ideally positioned to service the rapidly growing economies
of central and eastern Europe," said Ira Wagner, President of
European Capital Financial Services Limited ("European Capital
Services"), the sub-investment manager of European Capital and
Chief Operating Officer of American Capital Strategies Ltd. "This
is our Frankfurt office's first investment since its opening just
four months ago. We are delighted that its first transaction is
with 3i, a world leader in private equity with whom we have a
successful and widening partnership." European Capital has invested
euro 1.9 billion ($2.6 billion) in the last twelve months, euro 1.1
billion ($1.5 billion) year to date and euro 141 million ($194
million) quarter to date. For more information about European
Capital's portfolio, go to
http://www.ecas.com/our_portfolio/portfolio.html . "While
commercial printing in western Europe reflects the region's overall
modest growth, demand for commercial printing in central and
eastern European countries is growing strongly, driven by the
accelerated expansion of their economies since accession to the
European Union," said Robert von Finckenstein, Managing Director,
European Capital Services. "EDS, having invested in the most
up-to-date printing equipment and having established relationships
among major international publishers and retailers, commands
leading positions in several markets. In the most competitive of
these, EDS has strategically adapted its focus to serve well-known
European retail customers to further build market share. Led by a
management team proven in integrating acquisitions, EDS is
positioned to further increase output through additional
acquisitions and greenfield expansion." Founded in 1992, Euro
Druckservice provides a full range of web and sheet fed offset
printing services to large publishing houses and retail groups. The
Company prints magazines, newspapers, books, advertising products
and labels, among other items. EDS has customers in the Czech
Republic, Poland, Hungary, Germany and Austria. Its top customers
include Oberoesterreichische Rundschau, Burda Verlag Ost Europa,
Tesco and Metro Group. Headquartered in Passau, Germany, EDS has
facilities in Passau and Bad Worishofen, Germany; Poznan and
Krakow, Poland; Usti n. Labem and Pilsen, Czech Republic; and Weis,
Austria. EDS employs nearly 1,500 people. "We are pleased to be
partnering again with European Capital and we welcome the firm's
expansion into central Europe with the opening of its Frankfurt
office," said Wolf Wolfsteiner, Director for Central & Eastern
European Buyouts at 3i. "In addition to its extensive financing
capabilities, European Capital consistently brings incisive and
expert analysis to our collaborations. We look forward to a growing
relationship enhanced by its widening presence." ABOUT EUROPEAN
CAPITAL European Capital is a closed-end investment company for
pan-European equity, mezzanine and senior debt investments with
capital resources of approximately euro 2.1 billion ($2.9 billion).
European Capital 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 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 Robert von
Finckenstein at +49 (0) 69 71 71 297 0 in Frankfurt, Nathalie Faure
Beaulieu or Simon Henderson at + 44 (0)20 7539 7000 in London, Jean
Eichenlaub at + 33 (0)1 40 68 06 66 in Paris, or Luis Felipe
Castellanos at +(34) 91 745 99 63 in Madrid or visit the website at
http://www.europeancapital.com/ . ABOUT AMERICAN CAPITAL American
Capital Strategies Ltd. (NASDAQ:ACAS) is an affiliate of European
Capital and the only alternative asset management company that is a
member of the S&P 500. With $15(1) billion in assets under
management, American Capital is the largest U.S. publicly traded
private equity fund 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 $5 million to $800 million
per company in North America and euro 5 million to euro 500 million
per company in Europe. ABOUT 3i 3i is a FTSE100 company and a world
leader in private equity and venture capital. 3i focuses on
Buyouts, Growth Capital and Venture Capital in Europe, the United
States and Asia Pacific across most sectors. The 3i European Buyout
Business leads mid-market buyouts up to euro 1 billion. Managing
euro 3 billion invested in over 60 companies across Europe, the
business invests in all sectors, with a particular focus on media,
healthcare and business support services. 3i recently raised a euro
5 billion fund, the largest fund in Europe dedicated to mid-market
buyouts. 'Eurofund V' will be invested in buyout transactions over
the next four years, primarily in Europe. (1) Includes internally
and externally managed assets at fair value as of 3/31/07,
including our investments in externally managed funds, plus
investments at cost through 6/30/07 and less repayments through
6/30/07. 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: Robert
von Finckenstein, Managing Director, +49-69-7171-297-0, or Brian
Maney, Director, Corporate Communications, +1-301-951-6122, both of
European Capital Services Web site:
http://www.ecas.com/our_portfolio/portfolio.html
http://www.americancapital.com/ http://www.europeancapital.com/
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