4/2006 Cegelec Leading international engineering group Mezzanine in Private Equity Buyout €12,000 Paris
Above is taken from ECAS list of portfolio company's on the ACAS web page. Attached is a link to the announcement that this company is being taken over by Vinci SA. Is it possible ACAS could get there fund back?
Seems that Cegelec is contributing itself for 31.5 million VINCI shares. Therefore, ECAS now has 31.5 million shares of the VINCI/CEGELEC energy services partnership. Further, the agreement stipulates that Qatari Diar (Cegelec) is to KEEP its stake in VINCI for three years. So ECAS/ACAS does not appear to reap any sales proceeds to as yet but hopefully will reap mark-to-market ("mtm") gains over the three years.
More Exits A' Coming! Probably a few more before Q3 end.
ECAS' €12,000 investment in "Financiere Cegelec" was pledged as collateral. Cegelec does not show up on ACAS' most current portfolio list. I'm guessing ACAS no longer has much, if any, stake in this deal.