13th Apr 2006 16:10
Avanti Capital PLC13 April 2006 Avanti Capital plc ("the Company") Directorate The Company announces today that, following the recent £310m fund-raising byRaven Russia Limited, Anton Bilton has stepped down from the board. As ExecutiveChairman of Raven Mount plc, the property manager of Raven Russia Limited, Antonhas in recent times found it increasingly difficult to devote as much time as hewould want to the affairs of the Company. Anton is a founder of the Company and, in a more informal manner, will continuehis close relationship with Richard Kleiner and Julian Fellerman, the joint CEOsof the Company. Having acted as a director of the Company since 1997, the board would like toextend its thanks to Anton for all of the support and assistance he has givenover the last nine years. Contact:Avanti Capital plc 020 7070 7070Julian Fellerman , Joint CEORichard Kleiner, Joint CEO Notes to Editors Avanti Capital is a private equity company. Unlike conventional close endedprivate equity funds, Avanti has no set investment timetable and focuses on thequality of individual investments rather than a portfolio strategy-led highquantity investment ethic. Avanti has an executive team with extensive experience of investing in andrunning companies across a wide range of sectors. The professional backgroundsand business experience of the executive team enable Avanti to see value insituations which may be unattractive to the other investors. The presence ofstructural issues within business are seen as an opportunity to create morevalue from any particular investment. Avanti's approach to investments is both rigorous and discerning and reflectsthe fact that it is seeking exceptional opportunities to invest in businesseswith high quality management teams and where Avanti's own management can feeltruly passionate about the business's prospects. Avanti's investment criteria are as follows: - • European businesses.• Strong management with a proven track record.• Wide ranging businesses, which show the potential for material growthin the short to medium term, including consumer brands, leisure, retail andspecialist support services.• Undervalued businesses or assets in both the public and privatearena.• Where appropriate, the company will seek to raise debt finance topart fund any investment. Avanti Capital is listed on the Alternative Investment Market of the LondonStock Exchange and therefore offers shareholders participation in private equitydeals through a quoted vehicle. Date of Announcement: 13th April 2006 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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