MCC Global N.V.
MCC Global N.V.: MCC Global Announces Material Increase in Fund Management Income and Equity Holdings
MCC Global N.V. / Miscellaneous Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- 18 February 2008 MCC Global Announces Material Increase in Fund Management Income and Equity Holdings MCC Global N.V. ('MCC' or the 'Company')(IFQ2), the global private equity investment and advisory company, today announced a material increase in 2008 fund management income and unrealized capital gains from its holdings in, and management of, Equus Total Return, Inc. (NYSE: EQS), a New York Stock Exchange listed closed-end fund ('Equus'). Moore Clayton Capital Advisors, Inc., a wholly-owned subsidiary of the Company, has been the sole investment advisor to Equus since June 2005. On 14 February, Equus announced a net asset value increase of approximately $17.7 million, or $2.10 per share, due to the write-up in value of Infinia Corporation ('Infinia'), an Equus portfolio investment. Infinia is a solar technology company currently seeking to commercialize its Infinia Solar System, a solar power generation product that converts concentrated solar energy into electricity. The write-up was a result of Infinia raising $50 million in additional equity capital from Equus and other investors such as GLG Partners (New York, NY), Wexford Capital LLC (Greenwich, CT), Khosla Ventures (Menlo Park, CA), Vulcan Capital (Seattle, WA), and Power Play Energy, LLC (New Canaan, CT. Based upon the increase in the value of Infinia, if Equus were to dispose of this holding at today’s value (and assuming no other capital gains or losses in other Equus portfolio holdings), MCC could receive approximately $3.55 million in incentive fees. Moreover, due to the write-up in value and assuming all other portfolio holdings are held constant throughout the year, MCC will receive approximately $350,000 in additional management fees per year, with total management fees and expense reimbursement for 2008, exclusive of any incentive fees, expected to be approximately $2.57 million. Besides increased investment management income, the value of MCC’s holding in Equus also rose sharply following the Equus announcement. The closing price for shares of Equus on the New York Stock Exchange for Friday, 15 February, was $6.93 per share, an increase of $0.79 prior to its announcement. As MCC holds 1,273,252 shares of Equus, this increase resulted in an unrealized gain for MCC of $1.01 million. Sharon Clayton, Chairman of the Management Board of MCC, commented, 'Today’s announcement provides further validation to MCC’s fund management platform as well as the MCC business model of advisory and investment. The performance of Equus is a positive reflection of MCC’s ability to select exciting growth-oriented businesses through our international network and realize returns from our involvement. We look forward to further developing this platform and seizing on future opportunities to generate attractive returns for Equus and for our MCC shareholders.' About MCC Global MCC Global NV is a global private equity investment and advisory company specializing in providing strategic and financial advisory and investment services to emerging and established companies in specific industry sectors such as healthcare, energy renewables, media, real estate, and hospitality and lifestyle. MCC Global NV (www.mccglobal.com) is listed on the Frankfurt Stock Exchange Geregelter Markt (General Standard), ticker IFQ2. This press release may contain certain forward-looking statements regarding future circumstances. These forward-looking statements are based upon current expectations and assumptions of MCC Global N.V. (the 'Company') and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements including, in particular, the risks and uncertainties described in the Company’s most recently filed prospectus and other public filings. Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statements are material.Enquiries: MCC Global Dana Smith, Investor Ralations Email: ir@mccglobal.com GTH Media Tel: 020 7153 8039/8036 Toby Hall/Christian Pickel toby@gth.co.uk; christianp@gth.co.uk18.02.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: MCC Global N.V. Keizersgracht 62-64 1015 CS Amsterdam Niederlande Phone: +31 20 520 6826 Fax: +31 20 520 7510 E-mail: ir@mccglobal.com Internet: http://www.mccglobal.com ISIN: NL0000687705 WKN: A0LFAF Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, Stuttgart, München, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------
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