Firm News
Investment of EUR 32.5m by ACP Capital Limited in Kamps Food Retail Investments S.A. through a combination of Equity and Mezzanine Loans
| Release Date: |
18 May 2006 |
| Law Firm: |
Mishcon de Reya |
| Client Name: |
ACP Capital Limited |
| Description of Deal: |
Investment of approximately EUR 32.5 million by ACP Capital Limited ("ACP") in Kamps Food Retails Investments S.A. ("KFRI"), through a combination of equity and mezzanine loans. The investment enabled (i) ACP to acquire a shareholding of approximately 12% in KFRI, (ii) the acquisition by KFRI of the remaining 19.5% stake in Nordsee GmbH not owned by KFRI, and (iii) the refinancing of certain existing mezzanine debt within Nordsee GmbH. |
| Value of Deal : |
EUR 32.5 million |
| Deal Exchange Date: |
10 May 2006 (completion remains subject to receiving German anti-competition clearance) |
| Firm's Key Personnel: |
Corporate Partner Nick Davis and Corporate Senior Assistant Karl Huckle
assisted by Banking Partner Matthew Lindsay |
| Other Parties: |
Dr Georg Schneider, Gerhard Rischbieter, Dr Alexander Birnstiel and Sebastian Bock of Noerr Stiefenhofer Lutz acted for ACP Capital Limited in Germany
Alex Schmitt and Lionel Noguera of
Bonn Schmitt Steichen acted for ACP Capital Limited in Luxembourg
Heiner Kamps
TML Invest S.a.r.l. |
Mishcon de Reya acted for ACP Capital Limited; a Jersey based niche investment and fund manager, on its Euro 32.5 Million investment in Kamps Food Retail Investments S.A through a combination of Equity and Mezzanine Loans.
The investment enabled ACP to acquire a shareholding of approximately 12% in KFRI, the acquisition by KFRI of the remaining 19.5% stake in Nordsee GmbH (not owned by KFRI) and the refinancing of certain existing mezzanine debt within Nordsee GmbH.
Corporate Partner, Nick Davis and Corporate Senior Assistant, Karl Huckle led the Mishcon de Reya team. Banking Partner, Matthew Lindsay assisted.
Nick Davis, Head of Mishcon de Reya's Corporate Group stated: "This was our first deal for ACP Capital following its admission to AIM earlier this year. We believe that ACP will become one of the key clients for the Corporate Group in the future and we look forward to continuing our relationship with them ".
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