APL Acp Capital

RNS Number:1510M
ACP Capital Limited
21 January 2008





Trading Update for ACP Capital



21 January 2008



ACP Capital Limited ("ACP Capital" or the "Company": APL.LN), the merchant bank
and asset manager focused on European small and medium-sized enterprises 
("SME"), today provides an update on trading.


*    ACP Capital has made strong progress during 2007, establishing strategic
     SME loan and investment platforms in Germany and France

*    The Company has withdrawn its offer for Davenham Group PLC ("Davenham") but
     has subsequently approached the Board of Davenham with a proposal to 
     establish an SME corporate loan joint venture funding program for the UK

*    In December 2007, the Company successfully refinanced Euro175 million of
     senior and second lien advances via a primary syndication with European 
     banks and investors

*    ACP Capital remains confident that it will meet its dividend target for
     2007

*    Management estimates that the net asset value is circa 115 pence per share
     as at 31 December 2007 with no deterioration since this date

*    ACP Capital reiterates that it has no distressed assets, no credit losses,
     and no exposure to US subprime credit markets

*    The Company has no short-term funding lines - debt finance is secured in 5-
     year term facilities

*    The pipeline of European SME loan and investment opportunities remains
     strong and the outlook continues to improve given current market conditions

*    ACP intends to announce shortly two further joint ventures, including one
     for the European renewable energy sector which will be part of ACP
     Infrastructure, a vehicle to be managed by ACP Capital Investment 
     Management

*    ACP is currently evaluating a planned secondary for ACP Mezzanine, given
     the strong market opportunities, and is in discussions with banks as 
     regards the planned launch of ACP Infrastructure and ACP Senior, a vehicle 
     which will predominantly acquire senior loan assets and which will target 
     the private client and high net worth investor market


ACP Capital will announce preliminary results for the 12 months ended 31
December 2007 no later than 29 February 2008

Enquiries:

Rob Bailhache & Nick Henderson, Financial Dynamics      +44 (0) 207 269 7200
(Media Relations)

Sacha Macintosh, ACP Capital UK LLP                     +44 (0) 844 800 4530

Chris Wells, Stewart Wallace, Collins Stewart           +44 (0) 207 523 8350

Andrew Thompson, Robert Redshaw, Citigroup              +44 (0) 207 986 4000



For further information on ACP Capital, please visit www.acpcapital.com.



About ACP Capital

ACP Capital Limited (LSE AIM: APL) is a Jersey-incorporated specialist
integrated finance and asset management company focused on European small and
mid-sized enterprises. ACP Capital provides equity, mezzanine and senior debt to
companies targeting an integrated finance solution across their capital
structure. ACP Capital aims to benefit from the strong growth in SME demand for
integrated finance to optimise corporate profitability and the reduced appetite
for SME lending among traditional banks owing to higher regulatory capital
requirements. ACP Capital is establishing strategic platforms in Germany,
France, the United Kingdom and Italy to originate lending and investment
opportunities to generate interest and fee income. In addition ACP Capital earns
management and performance-related fees from its listed investment vehicles ACP
Mezzanine Limited and IFR Capital Plc. Since January 2006 ACP Capital has raised
�215 million of public equity from leading institutional investors in primary
and secondary transactions.



                      This information is provided by RNS
            The company news service from the London Stock Exchange
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