![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Acp Capital | LSE:APL | London | Ordinary Share | GB00B0T9K295 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.375 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:5435W ACP Capital Limited 06 January 2006 6th January 2006 ACP Capital Ltd Announcement of first day of dealings on AIM ACP Capital Limited (the "Company" or "ACP Capital" or "ACP"), a Jersey based niche investment and fund manager, today announces the admission to trading of its ordinary shares on the AIM market of the London Stock Exchange ("Admission"). * The Admission is by way of placing a total of 50,000,000 shares (the " Placing") at 100p per ordinary share (the "Placing Price"), representing 80.53% of the enlarged issued share capital of the company. Following Admission the number of ordinary shares in issue will total 64,194,018. * Based on the Placing Price, the market capitalisation of ACP Capital on commencement of dealings in the Ordinary Shares is approximately #64 million. * Gross proceeds of the Placing are approximately #50m. Derek Vago, Chief Executive Officer, said: "Institutional investors are seeking to invest in the rapidly growing structured finance sectors within the European markets. ACP, given its strategy of developing niche funds specialising in these sectors, enables such investors to access these markets through ACP directly rather than by investing in individual funds." Collins Stewart Limited acted as Nominated Adviser, Financial Adviser and Broker to the placing. For further information: ACP Capital Derek Vago, Chief Executive Officer +44 7901 516 382 Collins Stewart Limited +44 (0) 20 7523 8350 (Nominated Adviser, Financial Adviser and Broker) Simon Atkinson Kripa Radhakrishnan Citigate Dewe Rogerson +44 (0) 20 7638 9571 Simon Rigby Sarah Gestetner Nicola Smith Notes to Editors The Business ACP Capital, based in Jersey and incorporated in August 2005, focuses primarily on the asset-backed (real estate) sectors by providing/investing mezzanine and/ or equity financing to opportunities in Continental Europe and the UK. The Company intends to develop a series of third party funds in niche investment products in which it will act as the fund manager. It is envisaged that the first fund to be launched by ACP will be a fund focussing on investment in mezzanine financings (the "Mezzanine Fund"). ACP's activities are intended to include financing and investing in operating companies with asset-backing and where the Company can add value through financial optimisation such as sale-leasebacks, and financing/investing in sale-leaseback opportunities itself. The Company also intends to become a strategic investor in and/or form strategic alliances with companies who operate in similar sectors to it ("Strategic Platforms"), and where the Company, through the expertise of its personnel in financial optimisation, can add strategic value, whilst at the same time providing ongoing funding from its proposed various funds and funding vehicles in order to assist such companies in their growth. ACP believes that Continental Europe will be its primary area of focus, given that it is relatively underserved the sectors that ACP will focus on and where there will be significant demand in the future. In this respect ACP board members, Heiner Kamps and Francois Georges, will play a significant role in origination of investment opportunities for the Company in the German and French markets. ACP Capital's principal aims are therefore to: * Build a niche investment and fund management business in primarily the asset backed sectors (ACP intends to launch a new managed fund targeting a niche product sector each year); * Have assets under management and direct investments in excess of #1 billion and annual revenues of #40 million by the end of its third year (it is anticipated that further funding will be required to achieve these goals); * Achieve returns on equity of 20+%; and * Deliver a dividend yield of 6% for 2007. Management ACP Capital has a highly experienced international management team: Derek Vago, founder and CEO, has an excellent track record with circa 15 years experience in the European and Asian finance markets. Derek was responsible for growing Nomura International PLC's Asset Finance Group into one of the leading players in the provision of both investment and non-investment grade finance in the European markets. This included notable transactions such as the acquisition of seven Center Parcs European assets (Euro433m) with Pierres et Vacances, and the acquisition of Earls Court & Olympia (Euro370m) alongside St James Capital, and its subsequent restructuring & sale/manage-back. Non-executive Directors include Heiner Kamps, founder of Kamps AG and a leading retail operator in Germany, and Francois Georges, the former CEO of Pierre & Vacances who has extensive sale-leaseback experience. Additionally, Alan Braxton, co-founder and Managing Director of Presidio Partners, a leading international private placement advisor, will also be a non-executive director. Purpose of the IPO ACP Capital intends to use the majority of the net proceeds of the fundraising, along with its existing capital, to provide funds for investing in and financing a combination of (a) mezzanine assets including capital required for the Mezzanine Fund, (b) operating companies / sale-leasebacks, and (c) Strategic Platforms. This information is provided by RNS The company news service from the London Stock Exchange END MSCBAMPTMMJMBTF
1 Year ACP Capital Chart |
1 Month ACP Capital Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions