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European Capital invests in fabric supplier Eau Ecarlate

03 Dec '05

3 min read

"Under its leadership, Eau Ecarlate has prospered, grown and continued to build its historic brand as well as produced outstanding financial performance."

The Eau Ecarlate brand was established more than 150 years ago and is widely recognized as the leading laundry aid brand in France.

The Company's products include Eau Ecarlate linen care products, Vigor surface cleaners, Vu eye glasses cleaner, Javel Dose bleach products, Allume Vite fire lighters, and Septifos toilette and septic system cleaner, all highly recognized brands.

Eau Ecarlate sells to every major supermarket and hypermarket in France. The Company has seen revenues increase at nearly 18%, annualized, over the last ten years.

"European Capital proved to be the right mezzanine partner for this transaction," said Philippe Poletti, Axa Private Equity Director.

"They appreciate their ability to quickly understand their investment thesis and then quickly get to closing."

European Capital is a buyout and mezzanine fund with capital resources of euro 750 million.

European Capital invests in and sponsors management and employee buyouts, invests in private equity buyouts and provides capital directly to private and mid-sized public companies.

European Capital invests from euro 5 million to euro 125 million per transaction in equity, mezzanine debt and senior debt to fund growth, acquisitions and recapitalizations.

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