European Capital Invests 29 Million Euro in Buyout of Soflog-Telis
13 9월 2007 - 3:27AM
PR Newswire (US)
ST. PETER PORT, Guernsey, Sept. 12 /PRNewswire-FirstCall/ --
European Capital S.A. SICAR, a wholly-owned subsidiary of European
Capital Limited (LSE:ECAS) ("European Capital") announced today
that it, together with ECAS S.a.r.l. and ECAS II S.a.r.l., has
invested 29 million euro in the buyout of Soflog-Telis, a leading
provider of logistics services to major industrial customers in
France. The investment was led by the Paris office of European
Capital Financial Services Limited ("European Capital Services"),
the sub- investment manager of European Capital, and takes the form
of equity and senior and junior mezzanine debt. Following the
investment, European Capital and the Soflog-Telis' management team
led by Bruno de Chaisemartin, former Chairman, are the majority
shareholders of Soflog-Telis with a combined 55% ownership. 3i
maintains its current 45% stake in Soflog-Telis. "We are very proud
to support Soflog-Telis. The Company has successfully implemented a
unique business model in the industrial logistics sector in France
and has a large offering of business services for the industrial
supply chain," said Jean Eichenlaub, Managing Director of European
Capital Services. "Bruno de Chaisemartin is a highly successful
manager with a deep knowledge of the logistics outsourcing sectors.
Soflog-Telis' attractive business model is centered on its
operational flexibility and national network, which provides
effective and rapid response to industrial demand fluctuations as
companies are increasingly willing to outsource their industrial
logistics," said Tristan Parisot, Director of European Capital
Services. "This majority buyout alongside Soflog-Telis CEO Bruno de
Chaisemartin and his management team will enable Soflog-Telis to
remain independent while providing the group the resources to
pursue its growth strategy." Founded in 1952, Soflog-Telis is the
leading provider of outsourced industrial logistics to over 2,100
customers, among them many blue chip industrial companies operating
within a diversity of end-markets, including aerospace, naval,
energy, telecom, medical, automotive and transportation.
Soflog-Telis provides a comprehensive range of logistics services
which allow customers to focus on their core-business while
outsourcing and lowering logistics costs. The Company's services
include upstream operations, production line operations and
downstream operations. Soflog grew at approximately 10% annually
between 2003 and 2006 when it acquired Groupe Telis, another
fast-growing supplier of logistics services. This build-up doubled
the size of the group which now reaches 158 million euro revenues.
Soflog-Telis is based in Asnieres, near Paris, and has 52 leased
sites nationwide, 6 sites situated within client facilities, and
more than 1,800 employees. "European Capital stands out with its
flexibility, speed and dedication to working closely with
management teams," said Bruno de Chaisemartin, new CEO of
Soflog-Telis. "The Company has enjoyed a solid organic growth over
the last 5 years and I am very excited to pursue this adventure
with the existing team. The growth potential of Soflog-Telis is
strongly supported by the outsourcing trend in France and its
ability to provide quality, customized logistics solutions at a
local level is a significant advantage." "Soflog-Telis now aims to
extend its offer of services to its industrial customers by
offering new added-value services, such as specific packaging,
outsourced control, and reverse logistics offer," continued Mr. de
Chaisemartin. "Soflog-Telis offers its customers innovative and
customized solutions with high level quality and closed follow-up.
This strategy will enable the group to increase its presence in
aerospace, medical, energy and railway sectors." ABOUT EUROPEAN
CAPITAL European Capital is a publicly traded company for
pan-European equity, mezzanine and senior debt investments with
capital resources of approximately 2.3 billion euro ($3.2 billion).
European Capital invests in and sponsors management and employee
buyouts, invests in private equity buyouts and provides capital
directly to private and public companies headquartered
predominantly in Europe. European Capital generally invests between
15 million euro and 500 million euro per transaction in equity,
mezzanine debt and senior debt to fund growth, acquisitions and
recapitalizations. European Capital has invested over 1.7 billion
euro ($ 2.3 billion) in the last twelve months, 1.3 billion euro ($
1.7 billion) year to date and 304 million euro ($ 419 million)
quarter to date. For more information about European Capital's
portfolio, go to http://www.ecas.com/our_portfolio/portfolio.html
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, Nathalie Faure Beaulieu or Simon Henderson at +
44 (0)20 7539 7000 in London, Robert von Finckenstein at +49 (0)69
7171 2970 in Frankfurt, 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 $17 billion in assets under
management(1), 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 5 million euro to 500 million euro
per company in Europe. (1) Assets Under Management is an estimate
of internally and externally managed assets as of July 31, 2007 and
does not include any fair value adjustments subsequent to June 30,
2007. 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 Limited CONTACT: Jean
Eichenlaub, Managing Director, Tristan Parisot, Director, or Marie
Bal, Communication Manager, all of European Capital Services,
+33-0-1-40-68-06-66 Web site: http://www.europeancapital.com/
http://www.americancapital.com/
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