Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

European Capital Completes First One Stop Buyout

17.11.2005


euro 29 Million Invested in Leading Producer in European Commercial Sushi Market

European Capital, S.A. SICAR announced today it has invested approximately euro 29 million in the One Stop Buyout of Marco Polo Foods, the leading producer in the European commercial sushi market. European Capital’s investment takes the form of senior term debt, senior subordinated debt, redeemable bonds and common equity. Marco Polo management is investing in redeemable bonds and common equity.

"Only six months after opening an office in France, we are very pleased to announce European Capital’s first One Stop Buyout, executed by our Paris office," said Ira Wagner, President of European Capital Financial Services Limited ("European Capital Services"), the investment advisor of European Capital. "The buyout of Marco Polo Foods is a significant milestone in the development of our European franchise and France in particular. Since opening the Paris and London offices, we are seeing a very robust transaction pipeline. In addition, we are successfully bringing to bear our institutional capabilities to the European mid cap market, establishing a foundation for continued growth."



European Capital has invested nearly euro 100 million in five companies since its formation in August of this year. For more information about European Capital, go to http://www.EuropeanCapital.com.

"We are investing in a company with a proven track record of growth as well as attractive future growth potential," said European Capital Services Managing Director Jean Eichenlaub. "Marco Polo was the first to introduce and develop commercially produced high quality fresh and frozen sushi and created YEDO, the only established brand on the market. The Company also holds a worldwide patent for the rapid defrosting of sushi products. Marco Polo has proven that it has mastered the logistics of fresh sushi production, consistently delivering a quality product and meeting growing demand. It continues to innovate, now introducing a seven day shelf-life sushi product with the potential to expand the market further in Europe to hyper and super chains."

"Retailers strongly support sushi because it is a relatively small product that requires limited shelf space yet generates high gross margins," said Jacques Pancrazi, European Capital Services Director. "Marco Polo was the first company in France to make sushi available outside of Japanese restaurants and is now solidly positioned to lead the market as sushi consumption continues to rise."

Marco Polo Foods was established in 1999 as the first commercial producer of fresh and frozen sushi products to the French and European retail markets. The Company’s ISO certified manufacturing facility is located approximately 100 miles south of Paris in Contres, France, where it operates from a top quality controlled newly built production site. The Company, which has consistently improved operating margins, currently has 120 employees producing more than 300,000 sushi per day.

"European Capital’s institutional capabilities and access to capital make it a very good investment partner for our business," said Jean-Charles Halimi, Marco Polo founder and CEO. "We are pleased to know them and we welcome them as a partner as we grow the European market and develop our sushi concept for expansion to North America. This type of frozen sushi is not sold in American supermarkets and that presents us with opportunities for future development."

ABOUT EUROPEAN CAPITAL

European Capital is a buyout and mezzanine fund with capital resources of euro 750 million. European Capital invests in and sponsors management and employee buyouts, invests in private equity buyouts and provides capital directly to private and mid-sized public companies. European Capital invests from euro 5 million to euro 125 million per transaction in equity, mezzanine debt and senior debt to fund growth, acquisitions and recapitalizations.

Companies interested in learning more about European Capital’s flexible financing should contact Jean Eichenlaub at +33-(0)-1-40-68-06-66 in Paris, Simon Henderson at +44-(0)-87-0351-6988 or Nathalie Faure Beaulieu at +44-(0)-87-0735-4184 in London, or visit our website at http://www.EuropeanCapital.com.

ABOUT AMERICAN CAPITAL

American Capital Strategies Ltd. (Nasdaq: ACAS), an affiliate of European Capital, is a publicly traded buyout and mezzanine fund with capital resources of approximately US$6.8 billion. American Capital invests in and sponsors management and employee buyouts, invests in private equity buyouts, provides capital directly to private and small public companies and through its asset management business is a manager of debt and equity investments in private companies. American Capital provides senior debt, mezzanine debt and equity to fund growth, acquisitions and recapitalizations.

As of October 31, 2005, American Capital shareholders have enjoyed a total return of 419% since the Company’s IPO -- an annualized return of 22%, assuming reinvestment of dividends. American Capital has paid a total of US$868 million in dividends and paid or declared US$19.08 dividends per share since its August 1997 IPO at US$15 per share.

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 Strategies 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.

Jean Eichenlaub | presseportal
Further information:
http://www.EuropeanCapital.com
http://www.americancapital.com

More articles from Business and Finance:

nachricht Europe's microtechnology industry is attuned to growth
10.03.2017 | IVAM Fachverband für Mikrotechnik

nachricht Preferential trade agreements enhance global trade at the expense of its resilience
17.02.2017 | International Institute for Applied Systems Analysis (IIASA)

All articles from Business and Finance >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Giant Magnetic Fields in the Universe

Astronomers from Bonn and Tautenburg in Thuringia (Germany) used the 100-m radio telescope at Effelsberg to observe several galaxy clusters. At the edges of these large accumulations of dark matter, stellar systems (galaxies), hot gas, and charged particles, they found magnetic fields that are exceptionally ordered over distances of many million light years. This makes them the most extended magnetic fields in the universe known so far.

The results will be published on March 22 in the journal „Astronomy & Astrophysics“.

Galaxy clusters are the largest gravitationally bound structures in the universe. With a typical extent of about 10 million light years, i.e. 100 times the...

Im Focus: Tracing down linear ubiquitination

Researchers at the Goethe University Frankfurt, together with partners from the University of Tübingen in Germany and Queen Mary University as well as Francis Crick Institute from London (UK) have developed a novel technology to decipher the secret ubiquitin code.

Ubiquitin is a small protein that can be linked to other cellular proteins, thereby controlling and modulating their functions. The attachment occurs in many...

Im Focus: Perovskite edges can be tuned for optoelectronic performance

Layered 2D material improves efficiency for solar cells and LEDs

In the eternal search for next generation high-efficiency solar cells and LEDs, scientists at Los Alamos National Laboratory and their partners are creating...

Im Focus: Polymer-coated silicon nanosheets as alternative to graphene: A perfect team for nanoelectronics

Silicon nanosheets are thin, two-dimensional layers with exceptional optoelectronic properties very similar to those of graphene. Albeit, the nanosheets are less stable. Now researchers at the Technical University of Munich (TUM) have, for the first time ever, produced a composite material combining silicon nanosheets and a polymer that is both UV-resistant and easy to process. This brings the scientists a significant step closer to industrial applications like flexible displays and photosensors.

Silicon nanosheets are thin, two-dimensional layers with exceptional optoelectronic properties very similar to those of graphene. Albeit, the nanosheets are...

Im Focus: Researchers Imitate Molecular Crowding in Cells

Enzymes behave differently in a test tube compared with the molecular scrum of a living cell. Chemists from the University of Basel have now been able to simulate these confined natural conditions in artificial vesicles for the first time. As reported in the academic journal Small, the results are offering better insight into the development of nanoreactors and artificial organelles.

Enzymes behave differently in a test tube compared with the molecular scrum of a living cell. Chemists from the University of Basel have now been able to...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

International Land Use Symposium ILUS 2017: Call for Abstracts and Registration open

20.03.2017 | Event News

CONNECT 2017: International congress on connective tissue

14.03.2017 | Event News

ICTM Conference: Turbine Construction between Big Data and Additive Manufacturing

07.03.2017 | Event News

 
Latest News

Pulverizing electronic waste is green, clean -- and cold

22.03.2017 | Materials Sciences

Astronomers hazard a ride in a 'drifting carousel' to understand pulsating stars

22.03.2017 | Physics and Astronomy

New gel-like coating beefs up the performance of lithium-sulfur batteries

22.03.2017 | Materials Sciences

VideoLinks
B2B-VideoLinks
More VideoLinks >>>