APL Acp Capital

RNS Number:4062K
ACP Capital Limited
20 December 2007


                ACP Capital completes refinancing of IFR Capital

ACP Capital Limited ("ACP Capital": APL.LN), the merchant bank and asset manager
focused on European small and medium sized enterprises, today announces that it,
as adviser and joint mandated lead arranger to IFR Capital plc ("IFR Capital":
IFR.LN), has successfully completed the primary syndication of Euro175 million of
senior and second lien debt to a number of European banks and investors, out of
an approximately Euro223 million refinancing for IFR Capital (the "Debt").

This refinancing repays the Euro142 million bridge facility ACP Capital provided to
IFR Capital in July 2007 and approximately Euro80 million of cash is being released
upfront to ACP Capital.

Following the refinancing, ACP Capital will hold an approximately Euro24 million
bridge preferred equity position, which it expects to be repaid by IFR Capital
in 2008, as well as Euro47 million of senior debt that it expects to sell down to a
final hold of Euro20 million by the end of the first quarter of 2008, releasing a
further approximately Euro30 million of cash to ACP Capital. This final holding of
senior debt is intended to be warehoused for the forthcoming launch of ACP
Capital Senior, ACP Capital's senior debt managed vehicle.

As part of its role as adviser, ACP Capital co-ordinated and achieved a private
rating of IFR Capital and Debt from Fitch Ratings, enabling ACP Capital to
access its ACP Capital Senior funding facility provided by Deutsche Bank.

The cash released will enable ACP Capital to pursue further strategic
transactions in the short to mid-term.


Enquiries:

Rob Bailhache & Nick Henderson, Financial Dynamics +44 (0) 207 269 7200
(Media Relations)

Sacha Macintosh, ACP Capital UK LLP                +44 (0) 844 800 4530

Chris Wells, Stewart Wallace, Collins Stewart      +44 (0) 207 523 8350

Andrew Thompson, Robert Redshaw, Citigroup         +44 (0) 207 986 4000

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

About ACP Capital

ACP Capital Limited (LSE AIM: APL) is a Jersey-incorporated specialist
integrated finance and asset management company focused on European small and
mid-sized enterprises. ACP Capital provides equity, mezzanine and senior debt to
companies targeting an integrated finance solution across their capital
structure. ACP Capital aims to benefit from the strong growth in SME demand for
integrated finance to optimise corporate profitability and the reduced appetite
for SME lending among traditional banks owing to higher regulatory capital
requirements. ACP Capital is establishing strategic platforms in Germany,
France, the United Kingdom and Italy to originate lending and investment
opportunities to generate interest and fee income. In addition ACP Capital earns
management and performance-related fees from its listed investment vehicles ACP
Mezzanine Limited and IFR Capital Plc. Since January 2006 ACP Capital has raised
�215 million of public equity from leading institutional investors in primary
and secondary transactions.




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