Click here to close now.



Welcome!

News Feed Item

European Capital Arranges The Unirate Bonds Financing To Support The Acquisition Of INSEEC Group By Apax Partners

ST. PETER PORT, Guernsey, Jan. 31, 2014 /PRNewswire/ -- European Capital Limited and its consolidated subsidiaries ("European Capital") announced today that they, along with Tikehau, arranged the unirate bonds financing supporting the acquisition of INSEEC Group ("INSEEC" or the "Group"), by funds advised by Apax Partners.  INSEEC is one of the leading private education groups in France.  European Capital is Agent and Bondholders' Representative of the unirate bonds and, as lead investor in the unirate bonds, will appoint an observer to the Group's Board of Directors.

INSEEC is a leading French education network operating in France (Paris, Lyon, Bordeaux and Chambery) and abroad (Monaco, London and Chicago). It offers business oriented academic programs to c. 15,000 post high school students through 11 schools and 17 programs with a particular focus on four educational segments: business, communication, executive education and exam preparation courses. The Group is a member of the Conference des Grandes Ecoles and partners with 200 foreign universities to offer the most diverse international exposure. Over the years, INSEEC has been able to create a powerful brand around its name confirmed by recent graduate employability studies and is particularly praised for its entrepreneurial spirit as highlighted by the success of its incubator launched in 2010 and permanent search to tailor its programs to student's wishes and companies' needs. INSEEC Group has recently developed innovative on-line programs and is ready to benefit from the promising growth of this segment.   

"We are pleased to invest in unitranche bonds to support the acquisition of INSEEC," stated Tristan Parisot, Managing Director of European Capital Financial Services Limited ("ECFS"). "This investment demonstrates our ability to provide tailor-made financing solutions to industry leaders in the mid-market. We remain focused on originating high quality private debt opportunities in midcap businesses with commitments of up to €100 million across Europe."

"We are pleased to support an excellent and highly experienced management team that has been very successful in acquiring and integrating other schools and programs, which allowed the Group to enlarge its offering and further enhance its reputation in France and abroad," said Stephane Legrand, Managing Director of ECFS. "With its network of 11 schools specialized in attractive niches and its three campus locations in Monaco, London,  and Chicago, the Group has not only reached a critical mass but also demonstrates its capacity to manage numerous campuses across the world and benefits from complementarities and synergies that constitute a clear competitive advantage in a fragmented sector. Therefore, we believe that INSEEC Group is very well positioned to benefit from the growing penetration of higher education and to drive the consolidation of its sector."

"We aim at offering the best programs to INSEEC's students through academic excellence, ever tighter links with the corporate world, entrepreneurship and a constant focus on international exposure," said Catherine Lespine, CEO of INSEEC. "This is evidenced by the signature with Tsinghua University in Shenzhen of our joint-DBA program and the opening of our second campus in the US, in San Francisco, in 2014."

"Apax Partners is very pleased to partner once again with European Capital," said Bertrand Pivin, Partner at Apax Partners. "We appreciate European Capital's capacity to value the management team's strategic rationale, positioning themselves as a partner of choice for the Group, with a shared focus on the quality of education."

ABOUT EUROPEAN CAPITAL
European Capital is an investment company for pan-European equity, mezzanine and senior debt investments with €1.0 billion in assets under management.  European Capital is a wholly-owned affiliate of American Capital, Ltd ("American Capital").  It is managed by European Capital Asset Management Limited ("ECAM" or the "Investment Manager"), a wholly-owned affiliates of American Capital.  Since its inception, European Capital has invested €3.5 billion in over 100 companies in Europe.  The Investment Manager has offices in London and Paris with 55 employees.  European Capital and its affiliates will consider senior and mezzanine debt investment opportunities from 10 million to 100 million in either euros or sterling and up to 400 million for One Stop Buyouts®.  For further information, please refer to www.EuropeanCapital.com.

ABOUT AMERICAN CAPITAL
American Capital (Nasdaq: ACAS) is a publicly traded private equity firm and global asset manager.  American Capital, both directly and through its asset management business, originates, underwrites and manages investments in middle market private equity, leveraged finance, real estate and structured products.  American Capital manages US$ 20 billion of assets, including assets on its balance sheet and fee earning assets under management by affiliated managers, with US$ 117 billion of total assets under management (including levered assets). Through an affiliate, American Capital manages publicly traded American Capital Agency Corp. (Nasdaq: AGNC) with approximately US$ 10 billion of net book value, American Capital Mortgage Investment Corp. (Nasdaq: MTGE) with approximately US$1 billion of net book value and American Capital Senior Floating, Ltd. (Nasdaq: ACSF).  From its eight offices in the U.S. and Europe, American Capital and its affiliate, European Capital, will consider investment opportunities from US$ 10 million to US$ 750 million.  For further information, please refer to www.AmericanCapital.com.

ABOUT APAX PARTNERS
Apax Partners is a leading private equity firm in French-speaking European countries. With more than 40 years of experience, Apax Partners provides long-term equity financing to build and strengthen world-class companies. Funds managed and advised by Apax Partners exceed €2.5 billion.

These funds invest in fast-growing middle-market companies across six specialist sectors. Companies currently supported by Apax Partners are:

  • Technology Media Telecom: Altran Technologies, GFI Informatique, Infopro Digital, and Vocalcom
  • Retail & Consumer: ALAIN AFFLELOU, Europe Snacks, Groupe Royer, and Thom Europe (Histoire d'or, Marc Orian and TresOr)
  • Healthcare: Amplitude, Capio, DBV Technologies, and Unilabs
  • Business & Financial Services: Albioma, Buy Way Personal Finance, Groupe INSEEC, and Texa

For more information, please visit www.apax.fr

ABOUT INSEEC GROUP
With close to 15,000 students and 40,000 alumni, the INSEEC Group has year after year confirmed its place as one of the leading groups in French private higher education. Located in four cities in France (Paris, Bordeaux, Lyon, and Chambery) as well as Monaco, London and Chicago, the Group has enhanced the friendly environment provided to its students with every opportunity offered by large cities. Over the years, the INSEEC Group has been a pioneer in providing international experience to its students and become a reference in the international private Higher Education sector. For more information, please visit: www.groupeinseec.com  

Contact: European Capital Financial Services Limited + 33 1 40 68 06 66
Stephane Legrand, Managing Director

SOURCE European Capital Limited

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Advances in technology and ubiquitous connectivity have made the utilization of a dispersed workforce more common. Whether that remote team is located across the street or country, management styles/ approaches will have to be adjusted to accommodate this new dynamic. In his session at 17th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., focused on the challenges of managing remote teams, providing real-world examples that demonstrate what works and what do...
It's easy to assume that your app will run on a fast and reliable network. The reality for your app's users, though, is often a slow, unreliable network with spotty coverage. What happens when the network doesn't work, or when the device is in airplane mode? You get unhappy, frustrated users. An offline-first app is an app that works, without error, when there is no network connection.
Father business cycles and digital consumers are forcing enterprises to respond faster to customer needs and competitive demands. Successful integration of DevOps and Agile development will be key for business success in today’s digital economy. In his session at DevOps Summit, Pradeep Prabhu, Co-Founder & CEO of Cloudmunch, covered the critical practices that enterprises should consider to seamlessly integrate Agile and DevOps processes, barriers to implementing this in the enterprise, and pr...
In most cases, it is convenient to have some human interaction with a web (micro-)service, no matter how small it is. A traditional approach would be to create an HTTP interface, where user requests will be dispatched and HTML/CSS pages must be served. This approach is indeed very traditional for a web site, but not really convenient for a web service, which is not intended to be good looking, 24x7 up and running and UX-optimized. Instead, talking to a web service in a chat-bot mode would be muc...
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 ad...
Most people haven’t heard the word, “gamification,” even though they probably, and perhaps unwittingly, participate in it every day. Gamification is “the process of adding games or game-like elements to something (as a task) so as to encourage participation.” Further, gamification is about bringing game mechanics – rules, constructs, processes, and methods – into the real world in an effort to engage people. In his session at @ThingsExpo, Robert Endo, owner and engagement manager of Intrepid D...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies adopt disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevO...
One of the bewildering things about DevOps is integrating the massive toolchain including the dozens of new tools that seem to crop up every year. Part of DevOps is Continuous Delivery and having a complex toolchain can add additional integration and setup to your developer environment. In his session at @DevOpsSummit at 18th Cloud Expo, Miko Matsumura, Chief Marketing Officer of Gradle Inc., will discuss which tools to use in a developer stack, how to provision the toolchain to minimize onboa...
With microservices, SOA and distributed architectures becoming more popular, it is becoming increasingly harder to keep track of where time is spent in a distributed application when trying to diagnose performance problems. Distributed tracing systems attempt to address this problem by following application requests across service boundaries, persisting metadata along the way that provide context for fine-grained performance monitoring.
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, will discuss the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filte...
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
SYS-CON Events announced today that Fusion, a leading provider of cloud services, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Fusion, a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry's single source for the cloud. Fusion's advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including clou...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
SYS-CON Events announced today that AppNeta, the leader in performance insight for business-critical web applications, will exhibit and present at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. AppNeta is the only application performance monitoring (APM) company to provide solutions for all applications – applications you develop internally, business-critical SaaS applications you use and the networks that deli...