From Caribou Coffee’s Web site:
“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.”
Other Arcapita investments:
Church’s Chicken, too? Jeeeeze
Thanks for the link.
Arcapita is the major backer of Cirrus Design, an aircraft manufacturer that is very prominent now.
It's less than thrilling to find out that an Islamist fund is behind them.
Thanks for the link...interesting line-up
Meridian Surgical Partners, LLC is an ambulatory surgery center company developing multiple centers in key US markets.
and check out that management team ...