European Capital Limited announced that it had closed on the offering of euro 750 million ($900 million) of equity commitments.
An aggregate of euro 229 million ($275 million) of equity commitments were provided by third party institutional investors with the balance provided by European Capital’s affiliate, American Capital Strategies Ltd. These equity commitments were privately placed. European Capital expects to draw down the equity commitments over an approximately two year period to fund its investments and operations in the ordinary course of business.
European Capital, through its subsidiary European Capital S.A. SICAR, will invest in and sponsor management and employee buyouts, invest in private equity buyouts and provide capital directly to private and mid-sized public companies. A wholly owned affiliate of American Capital, European Capital Financial Services (Guernsey) Limited, will serve as the investment manager of European Capital S.A. SICAR.