“ACP” means ACP Capital Limited, ACP Mezzanine Limited, IFR Capital plc and all related companies, details of which are provided on the Legal page.
ACP Capital Limited (ACP Capital) is an AIM-listed integrated finance and asset management company focused on both the asset-backed and non asset-backed sectors in the European small and medium-sized enterprise (SME) markets.
Our key focus is on the development of our integrated financing capabilities, the expansion of our origination sources and the continued development of our asset management business, so as to create a comprehensive and fully scalable financing platform that positions us as the preferred financier for Europe 's SMEs.
Integrated Finance
We specialize in providing a comprehensive range of integrated financing products to the European SME market, including:
equity,
mezzanine,
senior debt funding (inc. leveraged loan, & investment grade debt for all sectors).
Since January 2006, we have raised over €1 billion in equity and leverage facilities for our various vehicles and have the capability to finance up to €250 million per transaction on a standalone basis.
Origination
ACP Capital is developing region-specific origination platforms (Strategic Platforms), in order to extend our access to the SME market. These are created by partnering with, or acquiring, existing financing specialists which already have large SME client bases and established operations in our key target markets of France, Germany, Italy and the UK .
Our Strategic Platforms provide us with direct access to well-established origination sources and enable us to assist our partners in extending and broadening their existing SME product lines, such as non-recourse/ recourse corporate funding, lease financing, real estate and equity products, through support from ACP Capital's comprehensive funding capabilities.
Asset Management
ACP Capital's origination network gives us access to a flow of opportunities for our asset management business which we administer through dedicated sector-specific managed vehicles (Managed Vehicles).
To date, ACP Capital has launched two Managed Vehicles, ACP Mezzanine Limited (ACP Mezzanine) a dedicated subordinated lender, and IFR Capital plc (IFR Capital, or IFR), an acquisition platform focusing on consolidation in the European food sector which forms part of ACP Strategic Equity. Further details are available on the ACP Mezzanine page and the IFR page.
ACP Capital intends to launch two Managed Vehicles per year, focusing on, amongst other areas, strategic equity holdings in European SMEs, high-yielding senior debt instruments, and infrastructure assets which will be originated either directly or through our Strategic Platforms throughout Europe.
Expansion
ACP Capital has significant plans for the future and intends to continue the roll-out of its integrated finance and asset management business in its key markets. This is clearly evident with ACP's newly-announced strategic investment of 19.83% in GCI Management AG as well as the commitment of ACP Capital and ACP Mezzanine to underwrite a senior debt and mezzanine bridge respectively for the acquisition by IFR Capital of Homann Chilled Food GmbH. Furthermore, ACP has recently announced the creation of a strategic platform in France through the acquisition of a 45% stake in Leasecom Group SAS. For more information on these transactions and other related announcements, please view the news page .
We have recently opened an office in Munich and intend to open an additional one in Milan later in 2007 in order to be closer to our key markets.
ACP Capital also expects to move to full listing on the London Stock Exchange's main board at the earliest opportunity.
ACP Capital's first year results summary to 31 December 2006:
For the complete results, please see the investor information page.
ACP Capital Financial Highlights |
31/12/2006 |
Total Income |
£19.0m |
Net Profit |
£15.0m |
Total assets |
£87.3m |
Diluted earnings per ordinary share |
21.5p |
Dividend per share |
3.0p |