Cleary Gottlieb advised European Capital, the European arm of American Capital, in its leveraged acquisition of the share capital of Action Sport Holding. The transaction was financed through a mixture of senior and mezzanine facilities together with equity and quasi-equity instruments.
European Capital is a buyout and mezzanine fund with capital resources of €750 million. American Capital is a publicly traded buyout and mezzanine fund with capital resources of approximately $6.8 billion. Action Sport Holding is a leading distributor of motorcycle and bicycle gear and accessories in France.