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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:5984X ACP Capital Limited 01 June 2007 ACP Capital Limited (AIM: APL) 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. The acquisition is expected to cement a long-term relationship, with GCI becoming ACP Capital's key strategic partner for its merchant banking strategy in Germany. The partnership fulfils a key strategic objective for ACP Capital in Europe's largest economy of building a pan-European merchant banking and asset management platform for SMEs in the core markets of Germany, Italy, France, and the UK. GCI intends to continue to manage its existing assets and funds under management with future growth focused on later-stage private equity and turnaround investment opportunities, primarily in Germany. ACP Capital aims to provide a series of financing products to GCI's existing and future investment portfolio that would enable GCI to expand its financial product ranges in areas such as senior debt, and senior and junior mezzanine. The partnership is also expected to enable GCI to increase overall transaction sizes leading to possibilities of investing in majority stakes and buyouts with longer time horizons. ACP Capital anticipates that the strategic relationship with GCI will generate a range of new investment opportunities. As a result of a potential co-investment agreement, ACP Capital will be granted rights to co-invest in the equity of GCI transactions on the same terms as GCI, enabling potential deal flow for ACP Strategic Equity (a strategic equity holding vehicle anticipated to be launched by the end of 2007). Additionally, ACP Capital will be the preferred debt funding partner for GCI transactions, resulting in potential opportunities for senior debt underwriting and mezzanine lending opportunities for ACP Mezzanine Limited, the AIM-listed sub-investment grade lender managed by ACP Capital. Other benefits for ACP Capital arising from the acquisition of the strategic shareholding include leasing business opportunities throughout Europe and increased market presence in Germany, taking the Company to the next level in its development following the establishment of an associated office in Munich. Enquiries: Simon Atkinson, Collins Stewart Europe Limited (Nominated Advisor to the Company) +44 (0) 20 7523 8350 Rob Bailhache, Financial Dynamics Limited +44 (0) 20 7269 7200 (Media Relations) About GCI Management GCI Management AG, Munich (www.gci-management.com), listed on the Frankfurt stock exchange (ISIN DE0005855183), is a management and investment company engaged in consulting, private equity and financial services. In line with its growth strategy, GCI Management strives to acquire minority and majority interests in companies with high value potential, generally of the old economy such as machinery manufacturers, automotive suppliers and in the real estate sector. About ACP Capital ACP Capital is a Jersey-incorporated specialized integrated finance and asset management company focusing on both the asset-backed and non asset-backed sectors in the European small and mid-sized enterprise (SME) market. The company's shares were admitted to trading on AIM in January 2006, raising approximately #50m before costs, followed by a further #15m share placing in December 2006. In March 2007, the company announced a further #150m capital raising in order to finance its intended development plans, including the development of additional funding lines, managed vehicles and strategic platforms (as announced 6 February 2007). As an integrated finance specialist, ACP Capital offers a combination of equity, mezzanine and senior debt to companies in niche markets, such as the German "Mittelstand" (small and middle-sized privately-owned companies), and for asset backed transactions, for example, in the real estate and infrastructure sectors. The company intends to put in place levered loan and non-investment grade funding vehicles in order to complement its current product base with a view to providing financing solutions across the capital structure. As an asset manager, ACP Capital manages a series of investment vehicles that can provide the required funding for its integrated finance capabilities. ACP Capital intends to launch at least 2 managed vehicles each year in specific sectors in its target markets. These managed vehicles are intended to take advantage of the planned flow of asset opportunities from the expansion of the company's funding capabilities and strategic platforms. ACP Capital intends to receive management and performance related fees from these vehicles in addition to any share price increase as a strategic equity investor. To date, ACP Capital has launched 2 such vehicles, ACP Mezzanine and IFR Capital. As announced on 8 March 2007, ACP Capital has raised a committed leverage facility of #125m with Deutsche Bank for ACP Senior High Yield, a soon-to-be-launched managed vehicle focusing on the acquisition of European senior debt assets originated primarily through ACP Capital's SME-focused integrated finance business, and through the primary and secondary markets. ACP Capital's Board includes the highly regarded retail entrepreneur, Heiner Kamps, the Director General of the international real estate investment and development company Jesta Group, Francois Georges, the Managing Director of the full service real estate private equity firm Presidio Partners LLC, Alan Braxton, an Italian certified barrister and Director of Investimente e Sviluppo S.p.a., Daniele Discepolo, Derek Vago, Eric Youngblood, Nikolaj Larsen and two other Non-Executive Directors. About ACP Mezzanine ACP Mezzanine Limited is a Jersey-incorporated company which listed on AIM in July 2006 and whose strategy is to pursue a primary strategy as a mezzanine lender, originating, structuring and underwriting the majority of its mezzanine investments. ACP Mezzanine's investment strategy is implemented and managed by ACP Capital through an Investment Management Agreement. ACP Mezzanine's strategy is different from that followed by a number of participants in the mezzanine financing market, which focus on acquiring assets directly from third parties through a syndication process. ACP Mezzanine lends primarily across Europe, with origination arising through a direct integrated finance approach alongside ACP Capital's strategic platforms and managed vehicles, and, to a lesser extent, purchases assets in the secondary market if the expected risk adjusted returns are attractive. It is expected that the integrated finance approach will account for at least two thirds of ACP Mezzanine's investments over time. ACP Mezzanine's Board includes Derek Vago, Christophe Tanghe, Wolfgang Mellinghof and two other Non-Executive Directors. This information is provided by RNS The company news service from the London Stock Exchange END MSCEAXKFELKXEEE
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