APL Acp Capital

RNS Number:5482Z
ACP Mezzanine Ltd
04 July 2007

 ACP Mezzanine announces funding of Euro75 million debt facility for IFR Capital's
                             acquisition of Homann

ACP Mezzanine Limited ("ACP Mezzanine" or the "Company": ACPM.LN), the
sub-investment grade lender focused on European small and medium sized
enterprises ("SMEs"), today announces the funding of a debt bridge of Euro75
million for IFR Capital Plc's ("IFR": IFR.LN) acquisition of Homann Chilled Food
GmbH. The Company has provided this debt as part of an integrated finance
package alongside a Euro142 million senior debt bridge provided by ACP Capital
Limited ("ACP Capital": APL.LN).

As a result, the Company is on track to meet its performance objectives for the
first half of 2007. The Company is therefore intending to initiate a secondary
equity offering, which will be launched in the fourth quarter of this year.


Enquiries:


Simon Atkinson, Collins Stewart Europe Limited            +44 (0) 20 7523 8350
(Nominated Advisor to the Company)

Rob Bailhache & Nick Henderson, Financial Dynamics        +44 (0) 20 7269 7200
(Media Relations)



For further information on ACP Mezzanine, please visit www.acpcapital.com.


About ACP Mezzanine

ACP Mezzanine Limited (LSE AIM: ACPM) is a Jersey-incorporated company that
listed on AIM in July 2006 after raising Euro100 million. Its strategy is to pursue
opportunities as a mezzanine lender, originating, structuring and underwriting
the majority of its investments primarily in the European small and mid-sized
enterprise (SME) market. ACP Mezzanine's investment strategy is implemented and
managed by ACP Capital through an Investment Management Agreement. ACP
Mezzanine's strategy is different from that followed by a number of participants
in the mezzanine financing market, which focus on acquiring assets directly from
third parties through a syndication process, and can underwrite / syndicate such
loans originated directly.

ACP Mezzanine lends primarily across Europe, with origination arising through a
direct integrated finance approach alongside ACP Capital's strategic platforms
and managed vehicles, and, to a lesser extent, purchases of assets in the
secondary market if the expected risk adjusted returns are attractive. It is
expected that the integrated finance approach will account for at least two
thirds of ACP Mezzanine's investments over time.

ACP Mezzanine's Board includes Derek Vago, Christophe Tanghe, Wolfgang
Mellinghof and two other Non-Executive Directors.


About ACP Capital

ACP Capital Limited (LSE AIM: APL) is a Jersey-incorporated specialist
integrated finance and asset management company focusing on both the
asset-backed and non asset-backed sectors in the European small and mid-sized
enterprise (SME) market. The company's shares were admitted to trading on AIM in
January 2006, raising approximately #50m before costs, followed by a further
#15m share placing in December 2006. In March 2007, the company completed a
further #150m capital raising in order to finance its intended development
plans, including the development of additional funding lines, managed vehicles
and strategic platforms to originate loans and assets in Germany, the UK, France
and Italy.

As an integrated finance specialist, ACP Capital offers a combination of equity,
mezzanine and senior debt to companies in niche markets, such as the German '
Mittelstand' (privately-owned SMEs), and for asset-backed transactions in
sectors like real estate and infrastructure. The company intends to put in place
levered loan and non-investment grade funding vehicles in order to complement
its current product base with a view to providing financing solutions across the
capital structure.

As an asset manager, ACP Capital manages a series of investment vehicles that
can provide the required funding for its integrated finance capabilities. ACP
Capital intends to launch at least two managed vehicles each year in specific
sectors in its target markets. These managed vehicles are intended to take
advantage of the planned flow of asset opportunities from the expansion of the
company's funding capabilities and strategic platforms. ACP Capital intends to
receive management and performance-related fees from these vehicles in addition
to any share price increase as a strategic equity investor. To date, ACP Capital
has launched two such vehicles, ACP Mezzanine Limited and IFR Capital plc. On 8
March 2007 ACP Capital announced that it had raised a committed leverage
facility of #125 million with Deutsche Bank for ACP Senior High Yield, a
soon-to-be-launched managed vehicle focusing on the acquisition of European
senior debt assets originated primarily through ACP Capital's SME-focused
integrated finance business, and through the primary and secondary markets.

ACP Capital's Board includes the highly regarded retail entrepreneur, Heiner
Kamps, the Director General of the international real estate investment and
development company Jesta Group, Francois Georges, the Managing Director of the
full service real estate private equity firm Presidio Partners LLC, Alan
Braxton, an Italian certified barrister and Director of Investimente e Sviluppo
S.p.a., Daniele Discepolo, Derek Vago, Eric Youngblood, Nikolaj Larsen and two
other Non-Executive Directors.


About IFR Capital

IFR Capital plc (LSE AIM: IFR) is an acquisition platform targeting small and
medium-sized businesses in the continental European food industry across three
sub-sectors: retail (mainly shops/ restaurants), industry (wholesale and
production), and distribution.

Founded in October 2006 by ACP Capital and food retail entrepreneur Heiner
Kamps, IFR was admitted to trading on AIM in November 2006 after raising
approximately Euro135 million pre costs.

IFR is currently considering various opportunities in the European food sector
with a view to acquiring potentially synergistic businesses that would help
propagate the company's further growth. IFR recently acquired 100% of the fully
diluted share capital of Homann Chilled Food GmbH for Euro89 million, representing
a significant step towards the vision of creating a diversified European food
enterprise. Further opportunities include the ongoing expansion of IFR's new
premium bakery brand, Bastians, to major European cities. Further details of
these opportunities will be announced as they become available.

Ultimately, IFR's intended long-term strategy is to create a leading,
vertically-integrated food business with turnover of at least Euro1.5 billion by
2009 and an EBITDA margin of approximately 10%. IFR benefits from the
operational management of Heiner Kamps as well as the broad financing experience
and capabilities of ACP Capital.




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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