UNSER BETEILIGUNGSPORTFOLIO

European Capital Portfolio Companies

Action Sport Holding

European Capital Completes Second One Stop Buyout^TM
Invests in Leading Distributor of Motorcycle and Bicycle Gear and Accessories
Paris - February 17, 2006 - European Capital, S.A. SICAR announced today it has completed the One Stop Buyout^TM of Action Sport Holding, a leading distributor of motorcycle and bicycle gear and accessories in France. European Capital's investment takes the form of senior term loans, mezzanine debt, redeemable bonds and common equity. Action Sport's management team is investing in common equity and warrants. Post close, European Capital owns approximately 88% of Action Sport, on a fully diluted basis. [more...]