European Capital Announces Departure of UK Managing Director
02 5월 2008 - 11:42PM
PR Newswire (US)
ST. PETER PORT, Guernsey, May 2 /PRNewswire-FirstCall/ -- European
Capital Financial Services Limited ("European Capital"), the
sub-investment manager of European Capital Limited (LSE:ECAS),
announced the departure of Simon Henderson, Managing Director, UK
Buyouts, effective May 1. Mr. Henderson is leaving the firm to
pursue time with his family. "We thank Simon for his efforts on
behalf of European Capital and we wish him well in the future,"
said Ira Wagner, President, European Capital Financial Services
Limited. "We are continuing to develop both our buyout as well as
our mezzanine operations in Europe under the strong and experienced
leadership of our Regional Managing Directors -- Jean Eichenlaub
for Southern Europe and Nathalie Faure Beaulieu for the UK and
Northern Europe. The UK Buyouts team, now led by Giles Cheek and
Alex Morey, will report to Nathalie Faure Beaulieu in London. We
continue to be an active investor in Europe -- having completed
four add-on acquisitions for our buyout portfolio in the first
quarter of this year as well as five mezzanine investments." "It
has been tremendously rewarding building a new franchise over the
last three years and firmly establishing European Capital on the
map for mid market buyouts in the UK," said Mr. Henderson. "My
departure will allow others to flourish and the firm will go from
strength to strength. The One Stop Buyout(TM) model is an
outstanding concept and a very powerful differentiator." In the
first quarter of 2008, European Capital invested a total of euro
142 million in five companies, compared to euro 267 million
invested in ten companies in the first quarter of 2007. European
Capital raised over euro 520 million in capital in the first
quarter of 2008, compared to euro 47 million raised in the first
quarter of 2007 and euro 518 million in all of 2007. In addition,
European Capital realized euro 115 million from investments in the
first quarter of 2008, compared to euro 163 million in the first
quarter of 2007 and euro 707 million in all of 2007; a portion of
these funds are available for reinvestment. ABOUT EUROPEAN CAPITAL
European Capital is a publicly traded investment company for
pan-European equity, mezzanine and senior debt investments with
capital resources of approximately euro 2.8 billion ($4.4 billion).
It is managed by European Capital Financial Services (Guernsey)
Limited ("ECFSG" or "the Investment Manager"), a wholly-owned
affiliate of American Capital Strategies, Ltd ("American Capital").
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. The investment objective of European Capital is
to provide investors with dividend income and the potential for
share value appreciation by investing in debt and equity
investments in private and public companies headquartered primarily
in Europe. European Capital seeks to achieve this through pursuing
the following types of investments: European Capital One Stop
Buyouts(TM) Through our One Stop Buyouts(TM), European Capital
provides equity, mezzanine debt and senior debt as the lead
investor in the buyout of private and public companies. Mezzanine
Direct with Sponsors European Capital provides one stop financing
of subordinated debt and equity for buyouts sponsored by private
equity firms where European Capital is either the sole or lead
mezzanine debt investor. Syndicated Mezzanine and Senior Debt
European Capital provides mezzanine financing for buyouts sponsored
by private equity firms where European Capital is neither the sole
nor lead mezzanine or senior debt investor. Direct Investments
European Capital provides subordinated debt and equity financing
directly to private and public companies, which is used for growth,
acquisitions or recapitalizations, and investing in structured
finance vehicles. Companies interested in learning more about
European Capital's flexible financing should contact Nathalie Faure
Beaulieu at + 44 (0)20 7539 7000 in London, Jean Eichenlaub at + 33
(0)1 40 68 06 66 in Paris, Robert von Finckenstein at +49 (0) 69 71
71 297-0 in Frankfurt, or Luis Felipe Castellanos at +(34) 91 423
27 60 in Madrid, or visit the website at
http://www.europeancapital.com/. ABOUT AMERICAN CAPITAL American
Capital is the only private equity fund and the largest alternative
asset management company that is a member of the S&P 500. With
$19 billion in capital resources under management, American Capital
is the largest U.S. publicly traded alternative asset manager.
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. As of March 31, 2008, American Capital shareholders have
enjoyed a total return of 490% since the Company's IPO -- an
annualized return of 18%, assuming reinvestment of dividends.
American Capital has paid a total of $2.3 billion in dividends and
paid $27.17 dividends per share since going public in August 1997
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 http://www.americancapital.com/ or
http://www.europeancapital.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 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: European Capital Financial Services Limited CONTACT:
Ira Wagner, President, +44-20-7539-7000, or Brian Maney, Corporate
Communications, +1-301-951-6122, both of European Capital Financial
Services Limited; or Shona Prendergast, Penrose Public Relations,
+44-20-7786-4888, for European Capital Financial Services Limited
Web site: http://www.americancapital.com/
http://www.europeancapital.com/
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