European Capital Recaps Audika

European Capital has sponsored a recapitalization of Audika Group, a listed French distributor of hearing aids with 340 fully-owned locations. ECAS received a 39% ownership stake in Audika's holding company, which in turn owns 53.9% of Audika. No pricing terms were disclosed for European Capital's participation, which includes common equity, senior mezzanine notes and junior mezzanine notes.