Equus II Incorporated Announces Investment Commitment of Up to $11,100,000 in Assisted Living Market
August 14 2006 - 7:19PM
PR Newswire (US)
HOUSTON, Aug. 14 /PRNewswire-FirstCall/ -- Equus II Incorporated
(NYSE:EQS) ("Equus" or the "Fund") announces an investment
commitment of up to $11,100,000 in RP&C International
Investments LLC ("RP&C"), a Delaware LLC private investment
fund. RP&C, which is managed by RP&C International, Inc.,
will invest in preferred equity or subordinated debt of entities,
which will acquire nursing and residential care homes in the United
Kingdom and/or Germany. "This investment fits well within the Equus
strategy to capitalize on twenty-first century trends, with the
private sector providing healthcare services to an aging
population. These services are underwritten by governments which
can't afford to provide them directly on a competitive basis,"
commented Anthony R. Moore, Co-Chairman, CEO and President of
Equus. RP&C International, Inc. is an investment banking firm
providing specialist advisory services to public and private
companies globally. These include private placements of equity,
debt and convertible securities for public and private issuers;
formation, re-structuring and management of investment funds;
development and placement of structured finance products; as well
as merger and acquisition and other corporate finance advice.
RP&C International's shareholders include Nationwide Mutual
Insurance Company, one of the largest property/casualty insurance
companies in the United States and BOCP Holdings Corporation, a
subsidiary of JP Morgan Chase & Co. Equus is a business
development company that trades as a closed-end fund on the New
York Stock Exchange, under the symbol "EQS". Additional information
on Equus may be obtained from the website at
http://www.equuscap.com/ . This press release may contain certain
forward-looking statements regarding future circumstances. These
forward-looking statements are based upon the Company's current
expectations and assumptions and are subject to various risks and
uncertainties that could cause actual results to differ materially
from those contemplated in such forward-looking statements
including, in particular, the risks and uncertainties described in
the Company's filings with the Securities and Exchange Commission.
Actual results, events, and performance may differ. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as to the date hereof. The Company
undertakes no obligation to release publicly any revisions to these
forward-looking statements that may be made to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events. The inclusion of any statement in this
release does not constitute an admission by the Company or any
other person that the events or circumstances described in such
statements are material. CONTACT: Brett Chiles (713) 529-0900
DATASOURCE: Equus II Incorporated CONTACT: Brett Chiles of Equus II
Incorporated, +1-713-529-0900 Web site: http://www.equuscap.com/
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