![](/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:7891C ACP Capital Limited 11 May 2006 ACP Capital ("the Company") 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 approximately 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. KFRI KFRI is an acquisition platform with a focussed strategy of consolidating the Continental European small/mid-cap food retail industry. Through a number of selected acquisitions, KFRI intends to transform itself into a leading food retail group with a targeted turnover in excess of Euro 2bn within the next five years. The combination of Heiner Kamps' retail operating skills alongside ACP's strategic advice and financial expertise will give KFRI a strong base on which to successfully achieve its growth objectives. A number of targets similar to Nordsee, with strong brand names, synergistic benefits and the opportunity for improving operational efficiencies, have already been identified. Heiner Kamps and ACP, as lead shareholders, are currently evaluating various funding alternatives to raise sufficient capital to achieve this consolidation strategy. KFRI represents the establishment of ACP's first "strategic platform" and its first significant transaction since its listing on AIM in January 2006. In line with ACP's stated investment strategy, ACP believes KFRI represents an attractive equity investment in its own right. It also enables ACP to utilize its integrated finance approach in underwriting/arranging all funding for KFRI to achieve its expansion strategy, including the use of capital that will be provided by ACP's planned funding vehicles, the first of which is intended to be ACP Mezzanine. ACP Mezzanine It is intended that ACP Mezzanine will be a focused mezzanine provider specialising across the entire mezzanine loan spectrum, predominantly in the real-estate asset backed and leveraged loan sectors. Alongside the mezzanine loans provided for the Transaction, ACP is completing a number of further mezzanine loans totalling circa Euro 15m that will form part of ACP Mezzanine's initial portfolio, prior to its proposed admission to AIM (anticipated later this year). In parallel, ACP considers the underwriting of KFRI's mezzanine loans to be the first step in developing a German mezzanine lending subsidiary within ACP Mezzanine, to target the German small/mid cap market in general. Related parties Heiner Kamps is a non-executive director of ACP and, by virtue of his interest in over 30% of the equity of KFRI, the investment in and financing of KFRI by ACP is a related party transaction under the AIM Rules. The other members of the Board of ACP, upon consultation with Collins-Stewart, the nominated adviser to ACP, consider the terms of the transaction fair and reasonable insofar as ACP's shareholders are concerned. Commenting on the transaction, Derek Vago, CEO of ACP Capital, said "I am delighted ACP has completed its first significant transaction since its listing in January this year. By forming a strategic platform with KFRI it provides the opportunity for ACP to benefit from KFRI's intended consolidation of the food retail market in Continental Europe and to provide a strong pipeline of transactions in which ACP can provide mezzanine funding through ACP Mezzanine. In addition, financing KFRI represents the first step in ACP Mezzanine's intention to target the German small/mid cap mezzanine market." Commenting on the transaction Heiner Kamps, CEO of Kamps Food Retail Investments, said "This strategic partnership enables KFRI to benefit from the combination of my operational experience in the food retail sector with ACP's financial expertise. Through ACP, KFRI will obtain access to both the required funding lines to undertake the envisaged future acquisitions, as well as the advice to execute the transactions successfully." Contact details: ACP Capital Derek Vago, CEO +44 790 151 6382 Redleaf Communications Emma Kane +44 20 7955 1410 Rob Bain Notes to the editors: ACP Capital Ltd ACP Capital is a Jersey based company, which listed on AIM in January 2006 and has a current market capitalization of approximately #70m. ACP is focused on providing an integrated finance approach (through the use of equity, mezzanine and/or senior debt) to businesses with strong asset backing and with recognised leadership positions in the sectors they operate in. In the main, ACP is seeking opportunities in Continental Europe, where opportunities for consolidation and growth are considerable. ACP also intends to launch a series of alternative investment vehicles in primarily niche sectors focussed on the asset-backed sector by being a provider of funding across the entire capital structure. It will also act as fund manager for these vehicles, effectively establishing itself as an alternative investment and fund manager. The first such fund is the ACP Mezzanine Ltd., proposed to be listed on AIM later this year. It is ACP's stated aim to launch one new managed fund targeting a niche product sector each year. Such vehicles will enable ACP to be a strategic investor and/or partner with companies who operate in sectors ("strategic platforms") where ACP can provide both strategic advice and the funding described above. ACP Capital has a highly experienced international management team. Derek Vago, CEO, was previously managing director and co-head of Nomura International plc's Asset Finance Group where he was responsible for the acquisition of seven Center Parcs European assets and the acquisition of Earls Court and Olympia. Non executive directors include Heiner Kamps, founder of Kamps AG and a leading retail operator in Germany, and Francois George, former CEO of Pierres Vacances. Herr Kamps and Mr George provide direct access to opportunities arising in Germany and France. In addition, Alan Braxton is a non executive director. Mr Braxton is currently managing director of Presidio Partners, a leading international private placement advisor whose experience and expertise will help with establishment of the various listed investment funds. Kamps Food Retail Investment SA., Kamps Food Retail Investment SA was established in 2005 by Heiner Kamps as a holding company for the purpose of acquiring and amalgamating small and medium-sized retail concepts in the food and beverage field, mainly in Germany. Through integration into a unified group, these businesses will be able to operate more efficiently and reposition themselves in the market. Kamps Food Retail Investments acquired 80% of Nordsee from Apax Partners in 2005. Nordsee NORDSEE GmbH is the largest provider of fish specialities in Europe and the largest fish restaurant chain in Germany. NORDSEE generates a turnover in its more than 400 branches in Germany, Austria, Switzerland and Eastern Europe of about Euro 350 million per annum. In the six months to 31 March 2006 its turnover increased +2.2% (excluding this April's strong Easter trade), with operating profits growing by +35%. This information is provided by RNS The company news service from the London Stock Exchange END ACQMGGMKFGGGVZZ
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