PORTEFEUILLE

European Capital Portfolio Companies

Avery Weigh-Tronix Holdings Limited

European Capital exited its investment in Avery Weigh-Tronix Holdings Limited in the third quarter of 2008.

Visit Avery Weigh-Tronix Holdings Limited website

European Capital Realises 53% Equity Return from Sale of Portfolio Company Avery Weigh-Tronix
St. Peter Port, Guernsey – 26 September 2008 – European Capital Limited (LSE: ECAS) ("European Capital") announced today that it realised a 53% annual equity rate of return from the sale of its portfolio company Avery Weigh-Tronix Holdings Limited (“Avery”) to Illinois Tool Works Inc. (NYSE: ITW). The European Capital proceeds exceeded the second quarter 2008 valuation of its holding by €2 million, or 5%. [more...]

European Capital Announces Refinancing of Portfolio Company Avery Weigh-Tronix and the Repayment of £18 Million of Preference Shares
St. Peter Port, Guernsey – 28 February 2008 – European Capital Limited (“European Capital”) (LSE: ECAS) announced today that its portfolio company Avery Weigh-Tronix Holdings Limited (“Avery”) has completed the refinancing of £36 million (€48 million) of senior credit facilities with The Royal Bank of Scotland Plc and HSBC Bank Plc. The refinancing follows the disposal of Avery’s food retail weighing business and will result in the repayment of £18 million (€24 million) of European Capital’s preference shares.  Post completion of the transaction, European Capital will continue to hold £10 million (€13 million) of loan notes and preference shares in Avery as well as 61% of the common stock of the company. [more...]

European Capital Invests €123 Million In One Stop Buyout™ of Avery Weigh-Tronix
London - August 1, 2006 - European Capital S.A. SICAR announced today it has invested €123 million ($157 million) in the One Stop Buyout™ of Avery Weigh-Tronix Holdings Limited, a leading designer and manufacturer of weighing equipment and solutions to industrial and food retail customers worldwide. European Capital’s investment takes the form of senior term debt, senior subordinated debt and loan, preference and common equity. European Capital is also providing a revolving credit facility. Avery Weigh-Tronix management is investing in equity. Post close, European Capital owns approximately 80% of Avery Weigh-Tronix, on a fully diluted basis, with Avery Weigh-Tronix management owning the remaining balance. [more...]