ACP Capital Share Discussion Threads

[rambutan2] 25/10/2007 07:43

PRESS ANNOUNCEMENT
EMBARGOED FOR RELEASE AT 7.00 AM

25 October 2007

DAVENHAM GROUP PLC ('DAVENHAM' OR THE 'COMPANY')

The Board of Davenham announces that it has received an approach from ACP
Capital Limited ('ACP') which may or may not lead to an offer being made for the Company. The approach, which indicated a possible cash offer for Davenham at 325p per share (with a possible share alternative), is subject to a number of important pre-conditions (including a refinancing of ACP's existing bridge
facility, which ACP has stated that it expects to complete by the end of
November 2007). This announcement is not being made with the agreement or
approval of ACP. There can be no certainty that an offer will be made nor can
there be certainty regarding the terms on which an offer might be made.

Having regard to the current position and prospects of the Company, the Board
has concluded that the ACP proposal is not one which fairly reflects the value
of Davenham. The Board has noted to ACP that it would in any event expect
clarification on ACP's pre-condition regarding refinancing.

The Board is open to further dialogue with ACP and to any other opportunities
which enhance value for Davenham's shareholders.

The Company will be making a statement at the time of its forthcoming Annual
General Meeting concerning current trading and prospects. Davenham continues to
trade in line with the Board's expectations supported by its dedicated teams in
Manchester and around the UK. Davenham continues to enjoy the support of its
banking syndicate which has been the basis of funding the Company for many years and which has committed to provide the Company's principal facilities until December 2009. The Board believes that the recent tightening in the availability of credit to customers will provide additional attractive lending opportunities for the Company over the coming months.

Further announcements will be made as appropriate.

In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, the
Company confirms that it has 26,021,453 ordinary shares of 1p each in issue and
admitted to trading on the London Stock Exchange under the UK ISIN code
GB00B0P32071.

Davenham's nominated adviser is Hawkpoint Partners Limited (contact names:
Lawrence Guthrie / Joseph Ayala).

Hawkpoint Partners Limited, which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting exclusively for Davenham
and no-one else in connection with the approach by ACP and will not be
responsible to anyone other than Davenham for providing the protections afforded to clients of Hawkpoint Partners Limited nor for providing advice in relation to the approach by ACP.

Dealing disclosure requirements:
Under the provisions of Rule 8.3 of the Takeover Code (the 'Code'), if any
person is, or becomes, 'interested' (directly or indirectly) in 1% or more of
any class of 'relevant securities' of ACP or Davenham, all 'dealings' in any
'relevant securities' of that company (including by means of an option in
respect of, or a derivative referenced to, any such 'relevant securities') must
be publicly disclosed by no later than 3.30 pm (London time) on the London
business day following the date of the relevant transaction. This requirement
will continue until the date on which the offer becomes, or is declared,
unconditional as to acceptances, lapses or is otherwise withdrawn or on which
the 'offer period' otherwise ends. If two or more persons act together pursuant
to an agreement or understanding, whether formal or informal, to acquire an
'interest' in 'relevant securities' of ACP or Davenham, they will be deemed to
be a single person for the purpose of Rule 8.3.

Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant
securities' of ACP or Davenham by ACP or Davenham, or by any of their respective 'associates', must be disclosed by no later than 12.00 noon (London time) on the London business day following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose 'relevant
securities' 'dealings' should be disclosed, and the number of such securities in issue, can be found on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.

[rambutan2] 10/9/2007 08:12

davenham prelims out, no disasters to disclose...

[its the oxman] 31/8/2007 19:25

any holders with a view/reasons on the share price now its sub 100p

[labatie] 25/6/2007 14:17

Thank you v much. V useful

[rambutan2] 25/6/2007 11:14

labatie, for UK read davenham...

ACP Capital is in the process of developing strategic platforms from which the
Company intends to originate SME loans and assets in its four core markets:
France, Germany, the UK and Italy. These strategic platforms involve partnering
with or acquiring stakes in existing financing specialists that already have SME client bases and established operations in these target markets. The strategic platforms will provide ACP Capital with direct access to established origination channels, while ACP Capital will assist its platform partners in extending and broadening their existing SME product lines, such as non-recourse/recourse corporate funding, lease financing, real estate and equity products, through support from ACP Capital's comprehensive funding capabilities.

[rambutan2] 25/6/2007 11:07

25 June 2007

ACP Capital creates strategic platform in France


ACP Capital Limited ('ACP Capital' or the 'Company': APL.LN), the merchant bank
and asset manager focused on the European small and medium sized enterprise ('
SME') markets, today announces the acquisition of a 45% stake in Leasecom Group
SAS, the holding company for France's leading independent IT lease broker
Leasecom SAS and its subsidiaries (collectively, 'Leasecom'), for approximately
€33 million.

The transaction is ACP Capital's first in France and a major step in the
development of a strategic loan and asset origination platform in the country.
The transaction is subject to a few outstanding conditions precedent including
the repayment of the existing debt...

[labatie] 23/6/2007 08:52

I've just got involved in this co. I see they have been buying a large holding in Davenham, also specialising in the SME area in the UK. Has anyone asked the co whether this is just a strategic long term investment?

[rambutan2] 06/6/2007 02:41

been a few chunky trades this week.

from last fri...

1 June 2007

ACP Capital makes strategic investment in GCI Management AG

ACP Capital Limited ("ACP Capital" or the "Company"), the merchant bank
specializing in the provision of integrated finance and asset management
services for the European small and medium sized enterprise ("SME") markets,
today announces its participation as a strategic investor though a scheduled
capital increase in GCI Management AG ("GCI").

GCI is a Deutsche Borse-listed private equity company focused on the SME sector
in the German-speaking part of Europe. Alongside its investment activities, GCI
also operates a consultancy business in the areas of strategy, management and
financing.

GCI intends to increase its existing issued share capital of 8,813,934 shares by issuing 3,299,100 new shares. ACP Capital has agreed to acquire 2,401,805 of these new shares at Euro8.00 each. The shareholding represents 19.83% of GCI's enlarged issued share capital following the capital increase. The transaction is is expected to be effective following the approval of GCI shareholders at at its Annual General Meeting in July 2007.

Together, ACP Capital and GCI intend to continue to identify complementary
benefits from their strategic alignment in the areas of co-investment, debt
financing and other business...



and on same day as above...
I
FR Capital Plc (AIM: IFR)

1 June 2007

IFR acquires Homann, a leading German food producer

IFR Capital Plc ('IFR' or the 'Company'), an AIM-listed investment company
focused on consolidation opportunities in the European retail food sector, today
announces its acquisition of 100% of the fully diluted share capital of Homann
Chilled Food GmbH ('Homann') from Henderson European Partners I LP for €89
million while assuming financial debt of approximately €93 million. Homann is
the third acquisition by IFR following its purchases of Nordsee GmbH ('Nordsee')
and Bastians GmbH ('Bastians') and represents a significant step towards its
vision of creating a diversified European food enterprise...

[erwarsim] 23/4/2007 16:35

can't believe how quiet this board is.These are creeping up every day but are still seriously cheap.EPS 16.7 for 2007 and 27.1 for 2008...pays a divi...growth and income - what more do you want?

[guru11] 09/4/2007 22:46

One certainly to watch - looks interesting.

[artful dodger] 21/3/2007 14:20

bought a few today

[rambutan2] 15/12/2006 09:15

15 December 2006


IFR Capital Plc ('IFRC' or 'The Company') - Acquisition of Kamps Food Retail
Investment S.A. ('KFRI')


IFRC, a company incorporated in Cyprus and set up as an acquisition platform to
target small and medium-sized businesses in the continental European food
industry, announces today that it has reached an agreement with the shareholders of KFRI to acquire the entire issued ordinary share capital of KFRI.

[rambutan2] 30/10/2006 16:29

relevant float...

[rambutan2] 10/7/2006 14:39

first launch...


and quote...

[rambutan2] 11/5/2006 08:18

game commences...

ACP Capital invests in acquisition platform targeting the Continental European
food retail industry

11 May 2006

ACP Capital Ltd ('ACP'), a Jersey based niche investment and fund manager, today announces subject to receiving German anti-competition clearance, its first significant investment through the commitment in total of approximately Euro 32.5m through a combination of equity and mezzanine loans (together the '
Transaction'). This funding enables:

(a) ACP to acquire approx a 12% shareholding in Kamps Food Retail
Investments S.A. ('KFRI'), an acquisition vehicle primarily
targeting the continental European small/mid cap food retail
industry. KFRI is led by the renowned German retail entrepreneur
Heiner Kamps;

(b) KFRI to acquire the remaining shareholding that it does not own in
Nordsee GmbH ('Nordsee'), a German fast food operator; and

(c) KFRI to refinance certain existing mezzanine debt within Nordsee

Furthermore, ACP and KFRI have agreed, in principle, that ACP will be the
retained financial advisor to KFRI. The Transaction is subject to receiving
German anti-competition clearance, which is expected to take no more than one
month. The Transaction further reflects ACP's capabilities to actively fund
across the capital structure whilst providing strategic advice to its partners
on a pan European basis.

[rambutan2] 13/4/2006 02:16

a few million shares swapping instit hands today at 108p.

[nockybalboa] 08/4/2006 08:42

Those boys over at www.fairshare.biz seem to be in the know as usual

[arnoldlane] 17/3/2006 13:50

rambutan,

Well done on starting a thread. The shareholder list of ACP is world-class for this size of company. The Artemis Alpha Fund is where the Artemis founders invest their money as it is smaller and thus more flexible than their retail funds (which are all above £500m).

Another worthy name is Hansa Trust, which has been fanstastic and is managed by John Alexander, who for many years was a top-performing fund manager at Henderson.

Like you, I believe it will take time to be recognised as money will have to be raised for the mezzanine fund's and the deals will take time to come through, but once the model is exhibited, these will command the sort of premium rating that other alternative investment management groups receive.

al

[rambutan2] 12/3/2006 02:39

re artemis 10.9% stake. good to see that their ultimate fund, investment trust artemis alpha trust (ats) took some of those shares...

Fund Manager's (john dodd) Comment
Data as at 30th December 2005
There has been a strong recovery in performance led by a re-valuation of the holding in Artemis Investment Management following a recent third party transaction in which Artemis Alpha reduced its holding. The main acquisitions in the month were, ACP Capital, a niche investment and fund manager, Plexus, a manufacturer of a new enabling technology for the Oil & Gas Wellhead market and Reenergy, a waste management, sustainable energy and water treatment company.

[rambutan2] 12/3/2006 01:35

I like backing known money makers, especially those in the financial sector, and this one looks potentially interesting. However, it will most likely be a slow burner, at least to start with ie the first couple of years. Also, note that they expect to raise more capital during that time, so, further opps may present themselves. The question is, how much higher, if at all, will the price be by then.

[rambutan2] 12/3/2006 01:14

Substantial stakes at admission:
Derek Vago (through nominee company LN Limited) 19.47
Artemis 10.90
Jupiter 9.35
Montepasci 7.79
Morley 7.79
UBS Asset Management 6.23
Credit Suisse Asset Management 5.30
Hansa 4.67
MPC Investors 4.67
Rathbones Liverpool 4.36
Baillie Gifford 3.12

Related vehicles/strategic stakes:
(stake + fees)

(stake + fees)

(26% stake)

(20% stake)