Closing of $238.4 Million Private Offering of Common Shares for Arco Capital Corporation Ltd.



    15.89 Million Common Shares Placed

    SAN JUAN, Puerto Rico, April 27 /CNW/ -- Arco Capital Corporation Ltd.
("ACC") today announced that it has completed a $238.4 million private
offering of its common shares.  ACC is a holding company that, through its
subsidiaries, engages in lending and acquisition activities primarily in
emerging European and Latin American markets.  ACC is externally managed by
Arco Capital Management LLC ("ACM"), which is beneficially owned in part by
the principals of Gramercy Advisors LLC and its affiliates, a leading asset
manager of emerging market investments with $3.8 billion face value of assets
and nearly $2 billion in equity capital under management as of March 31, 2007.
    In the offering, ACC sold an aggregate of 15.89 million of its common
shares in transactions that were exempt from registration under U.S.
Securities Act of 1933, as amended (the "Securities Act"), pursuant to Rule
144A, Regulation S and Regulation D.  ACC will be using the net proceeds from
the transactions, together with credit facilities, to engage in lending and
acquisition activities in its target markets.
    Citigroup Global Markets Inc. served as sole initial purchaser and
placement agent for the offering.
    Commenting on the transaction, Jay Johnston, Chairman and Chief Executive
Officer of ACC said "The ACC management team is excited about building a truly
unique specialty finance company expressly catering to our target markets."

    About Arco Capital Corporation Ltd.
    Arco Capital Corporation Ltd. ("ACC") is a holding company domiciled in
the Cayman Islands that, through its subsidiaries, engages in lending and
acquisition activities in emerging European and Latin American markets.  ACC
is externally managed by Puerto Rico domiciled Arco Capital Management LLC
("ACM"), which is beneficially owned in part by the principals of Gramercy
Advisors LLC and its affiliates, a leading U.S. based asset manager in
emerging market investments with $3.8 billion face value of assets and nearly
$2 billion in equity capital under management as of March 31, 2007.

    This announcement does not constitute or form part of an offer to sell or
solicitation of an offer to purchase or subscribe for securities in the United
States or in any other jurisdiction.  The securities referred to herein have
not been and will not be registered under the Securities Act or under the
securities laws of any other jurisdiction, and may not be reoffered or resold
within the United States or in any other jurisdiction absent registration or
pursuant to an applicable exemption from the registration requirements of the
Securities Act or from the registration requirements in any such other
jurisdiction. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of these securities.  No public offering
of securities is being made in the United States or in any other jurisdiction.





For further information:

For further information: Media and Investors: Maritza Pizarro of Arco
Capital Management LLC, +1-787-993-9655, or info@arcocapital.com

Organization Profile

ARCO CAPITAL CORPORATION LTD.

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