APL Acp Capital

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

ACP Capital (LSE:APL)
Historical Stock Chart
From Jun 2024 to Jul 2024

ACP Capital (LSE:APL)
Historical Stock Chart
From Jul 2023 to Jul 2024