Atlantic-Pacific Capital, Inc. Completes EUR 300 Million Direct Private Equity Placement for Oakwood Financial.GREENWICH, Conn. -- Atlantic-Pacific Capital, Inc., the largest independent global placement agent for alternative investment funds Noun 1. investment funds - money that is invested with an expectation of profit investment assets - anything of material value or usefulness that is owned by a person or company and direct private placements, is pleased to announce that Oakwood Financial ("Oakwood") has completed a direct private equity placement transaction which culminates in its' receipt of a [euro]300 million strategic investment from CIR (Committed Information Rate) In a frame relay network, the average transmission rate in bits per second (typically Kbps) for a virtual circuit. It defines the maximum rate that the network can handle under normal conditions. , a publicly listed Italian investment company, Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. , and certain minority investors including Oakwood's management team. Atlantic-Pacific Capital acted as the exclusive placement agent for Oakwood, an innovative financial asset investment company. Commenting on the transaction, Michael Culhane, Chief Executive of Oakwood said: "I welcome Merrill Lynch and CIR as investors in Oakwood. I believe that with their support, we are better positioned than ever before to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. opportunities in the market and to further expand the success of Oakwood's business. Oakwood has a strong track record of developing growth businesses and we now have partners that will allow us to further develop our existing businesses and will enhance our strategic capabilities, as we turn our attention to future investments." Rodolfo De Benedetti, Chief Executive of CIR said: "This investment in Oakwood reinforces our strategy of expanding into high growth businesses with the potential of significant value creation. We are impressed by the results reached so far, by the commitment and the drive of Oakwood's management team, and we are happy to partner with a leading global financial institution like Merrill Lynch." About Atlantic-Pacific Capital, Inc. With offices in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe and Asia, Atlantic-Pacific Capital, Inc. is a leading global placement agent solely dedicated to raising capital for alternative investment funds and direct private placement transactions. Typical projects include private equity, real estate and hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" placements, as well as private placement financings in support of acquisitions, buy-outs and growth capital transactions. Founded in 1995, Atlantic-Pacific has raised in excess of $28 billion for its clients and has developed relationships with over 4,000 alternative investors worldwide. For more information, visit www.apcap.com. About Oakwood Financial Founded in 2003, Oakwood Financial capitalizes on opportunities in specialist finance markets around the world. To date Oakwood has made five investments in specialist lending businesses in Australia, Italy and the UK. Most recently, the company launched edeus in the UK mortgage market. Oakwood is led by CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Michael Culhane, a former investment banker Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. in Friedman Billings Ramsay's financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. group. Mr. Culhane established Future Mortgages, which was sold to Citigroup in 2001, and Pepper Homeloans, now the 3rd largest specialist mortgage lender in Australia. For more information, visit www.oakwoodholdings.com. |
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