• European Capital Obtains €400 Million ($474 Million*) Credit Facility
• October 2005 Equity Offering Raises €750 Million ($900 Million*) of Equity Commitments

European Capital Obtains €400 Million ($474 Million*) Credit Facility

In February 2006, European Capital announced that it obtained commitments from affiliates of Wachovia Bank, NA and Harris Nesbitt Corp. for a €400 million ($474 million*) multi-currency revolving credit facility, denominated in Euros, Pounds Sterling and U.S. Dollars. The ability to make draws under the facility expires in February 2008, unless the facility is extended prior to such date for an additional one or two years. Interest on borrowings under the facility is charged at either the applicable base rate, EURIBOR or LIBOR, plus 110 basis points. The facility is secured by investments made by European Capital and has a variable advance rate. At closing, European Capital borrowed €111 million ($132 million*) under the facility to repay intercompany debts to its affiliate, American Capital, associated with the formation of European Capital.

For the complete press release click here.

*Exchange rate as of announcement date, 28/02/06.

October 2005 Equity Offering Raises €750 Million ($900 Million*) of Equity Commitments

In October 2005, European Capital Limited announced that it had closed on the offering of €750 million ($900 million*) of equity commitments. An aggregate of €229 million ($275 million*) of equity commitments were provided by third party institutional investors with the balance provided by American Capital. These equity commitments were privately placed. European Capital Limited 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.

The equity interests in European Capital Limited described above have not been and will not be registered under the United States Securities Act of 1933, as amended, or the laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Consent under the Control of Borrowing (Bailiwick of Guernsey) Ordinance, 1959 as amended, has been obtained by European Capital Limited. Neither the Guernsey Financial Services Commission nor the States of Guernsey Policy Council takes any responsibility for the financial soundness of European Capital Limited or for the correctness of any of the statements made or opinions expressed with regard to it.

For the complete release click here.

*Exchange rate as of announcement date, 06/10/05.

European Capital has invested €57 million in two One Stop Buyouts™ and €431 million in 19 mezzanine investments in private equity buyouts since its August 2005 formation.

European Capital Expands to 41 Employees in Two Offices

European Capital currently has 41 employees in its U.K. Buyout Team, Paris Buyout and Mezzanine Team, Pan European Mezzanine Team, Finance Team, Financial Analysis and Compliance Team and Information Technology Department.

For more information about the European Capital staff click here.