ALF Group Holdings AG – Major Japanese Fund Supports Capital Increase
(firmenpresse) - ALF Group Holdings AG – Major Japanese Fund Supports Capital Increase
Zurich – 14th March 2011 – In the third quarter 2010 ALF Group Holdings AG (ALF) executed an agreement with a major Japanese Fund that invests on a principal basis and also acts in an institutional agency capacity to procure capital for profitable companies. ALF undertook a vigorous round of discussions with investment firms and funds managers with a view to appointing a firm with a proven track record in providing access to capital and a strong focus on capital raising for small to medium cap companies.
ALF executed a mandate in late 2010 followed by a company due diligence performed by the Japanese Fund. The due diligence report issued to ALF directors earlier this year required much greater due diligence and a number of detailed and complex answers.
As of last week ALF had satisfactorily answered all questions. As at today ALF have now reviewed and made a number of comments on the draft investment report and will subsequently rely on for itself and its underlying investors.
End of last week the Japanese Fund with offices in Tokyo and New York have now confirmed having cleared all obstacles they will participate in the CHF 25m Pre Secondary Public Offering. Simultaneously it has been confirmed that a series of term sheets will now be forthcoming.
This reassurance gives ALF the confidence to prepare for the settlement of the current acquisitions.
Please note that the Fund’s office has not been physically affected by the Japanese tragedy. The ALF management stays in regular contact with the investor’s management in Tokyo.
About ALF Group Holdings AG
ALF Group Holdings AG (ALF) wholly owns ALF Group Pty Ltd and its subsidiaries, which includes one of Australia’s largest litigation funders, and a corporate restructuring services company which also provides funding and debt and equity solutions. It is also an acquirer and developer of distressed assets.
For further information please contact:
ALF Group Holdings AG
Level 29, Chifley Tower, 2 Chifley Square, Sydney, NSW 2000, Australia
Telephone +61-2-9293-2500
Fax +61-2-9293-2930
Website: www.alfgroupag.com
E-mail: info(at)alfgroupag.com
max. Equity Marketing GmbH
Maximilian Fischer, Marienplatz 2, 80331 Munich, Germany
Telephone +49 89 1392889 0
Fax +49 89 1392889 29
Website: www.max-em.de
E-mail: m.fischer(at)max-em.de
Legal Disclaimer
This press release contains forward-looking statements based on beliefs of ALF management. When used in this press release, words such as "anticipate", "believe", "estimate", "expect", "intend", "plan" and "project" are intended to identify forward-looking statements. Such statements reflect the views of ALF Group Holdings AG as of the date made with respect to future events and are subject to risks and uncertainties. Many factors could cause actual results to be materially different from those projected here, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy. ALF disclaims any intention or obligation to update these forward-looking statements.
Leseranfragen:
Can Can Lingerie Holding AG
HEAD OFFICE
77-79 Anzac Parade
Kensington, 2033
Sydney, NSW, Australia
Ph: 02 9663 2842
Fax: 02 9663 2638
Email: reception(at)cancan.com.au
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Sprache: Deutsch
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