American Capital, parent company of European Capital Financial Services, has closed its Frankfurt affiliate.
The closure of the Frankfurt office is in response to the global downturn in the private equity markets over the past two years.
The assets originated by the Frankfurt office of European Capital will continue to be owned by European Capital Limited and continue to be managed by the London branch of ECFS, headed by Nathalie Faure Beaulieu.
"We would like to thank Robert von Finckenstein, managing director Germany, and his team for their valuable contribution in building a significant Mezzanine franchise in the DACH region over the past two and a half years," says Ira Wagner, president of ECFS. "In support of notable international private equity firms the Frankfurt office has invested a total of approximately EUR153m in Euro-Druckservice, Norma Group, Hofmann Menu, DruckChemie and Stabilus, which we continue to believe are market leading companies with strong business models."
European Capital is an investment company for pan-European equity, mezzanine and senior debt investments. It is managed by European Capital Financial Services (Guernsey), a wholly-owned affiliate of American Capital.
