To: ladyjane
According to their website. Very interesting.
Caribou Coffee became a public company after our initial public offering priced on September 28, 2005 .
Our majority shareholder since 2000 is an affiliate of Arcapita Bank B.S.C.(c), a global investment group founded in 1997 with offices in Atlanta, London and Bahrain, a strong U.S. ally in the Middle East and the headquarters of the U.S. Navys 5 th Fleet. Following our initial public offering, Arcapita continues to own approximately 61% of our outstanding common stock.
Arcapita Bank has provided Caribou with the necessary resources for continuing to expand our store base in the U.S. Arcapita has total assets of over $1.2 billion and has executed transactions valued at over $7 billion in three main lines of business corporate investment (private equity), real estate investment and asset-based investment. Arcapitas corporate investment line of business has invested over $1 billion in equity across 17 transactions totaling over $2 billion in transaction value. Current and past corporate investments span a broad range of industries, including consumer products, healthcare, specialized manufacturing and technology. Portfolio companies include Cypress Communications (a telecommunications provider), Churchs Chicken (a quick service restaurant chain), Cirrus Industries (a general aviation aircraft manufacturer), Loehmanns (a specialty retailer) and TLC Health Care Services (a national home nursing provider).
Arcapita, whose investors are located primarily in the Middle East , makes its investments in a manner consistent with the body of Islamic principles known as Shariah. Consequently, we operate our business in a manner consistent with Shariah principles and will continue to do so as long as Arcapita is a significant shareholder.
In particular, we must comply with Shariah principles regarding money that we borrow from other parties. For example, our lease financing arrangement, under which we have obtained financing to fund our operations and expand our business, is structured in a manner that complies with Shariah principles. The structure of this lease financing arrangement is described in the prospectus relating to our initial public offering. Also, a Shariah-compliant company is prohibited from dealing in the areas of alcohol, gambling, pornography, pork and pork- related products.
36 posted on
02/06/2006 6:36:51 PM PST by
VA40
To: VA40
Very interesting! And they have a stake in Loehmanns!!
39 posted on
02/06/2006 6:42:27 PM PST by
ladyjane
To: VA40
Dayaaam! I'm gonna miss that Church's Fried Chicken.
122 posted on
02/07/2006 3:17:08 PM PST by
thelastvirgil
("When the roll is called in congress, they don't know whether to answer 'present' or 'not guilty'.")
To: VA40
Verry interesting. What I've concluded is that their process ("Shariah-compliant companies") is to first and foremost provide inroads and lay groundwork for more "Shari'ah".
That means that these businesses (the "home nursing provider" TLC one is concerning) are avenues and road building processes.
Interesting how they describe their Bahrain office as also being home to "headquarters of the U.S. Navy's 5th Fleet."
Wolf in sheep's clothing (not the fleet) indicated by the extent of obfuscation in that overall statement.
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