Goldsmith Agio Helms Announces the Sale of 3SI Security Systems to Stirling Square Capital Partners
11 3월 2006 - 12:05AM
Business Wire
Goldsmith Agio Helms is pleased to announce the completed sale of
its client, 3SI Security Systems, Inc. ("3SI" or the "Company"), a
portfolio company of American Capital Strategies, Ltd.
(Nasdaq:ACAS), to Stirling Square Capital Partners ("Stirling
Square"), a pan-European mid-market private equity firm based in
London, England. 3SI is a leading designer, manufacturer, and
marketer of electronic security systems for cash protection. The
Company's products protect currency over all critical aspects of
the cash-handling chain, including the bank teller's drawer, in
automatic-teller machines, in the vault, and in across the pavement
applications. 3SI is based in Exton, Pennsylvania and has
operations in Europe. HIGHLIGHTS FROM THE TRANSACTION Multiple
potential acquirers expressed strong interest in 3SI. Thomas
Oxenfeld, president and CEO of 3SI stated, "3SI has established an
excellent reputation in the security market and is a clear market
leader. We have a strong portfolio of products and are continually
introducing new and effective solutions to stay ahead of crime. I
am excited about working together with Stirling Square in ensuring
the next stage in 3SI's growth." Bolaji Odunsi, Partner at Stirling
Square said, "3SI has an experienced and dynamic management team,
strong customer relationships and an extensive line of patented and
proprietary products. We see great opportunities for the company in
Europe and further afield." Martin Calderbank, Partner at Stirling
Square commented "We look forward to working with Tom and his team
to capitalize on the opportunities ahead, in particular backing new
product development and international growth. This deal is a
classic example of the investments Stirling Square makes, buying
and building proven market leaders." "American Capital is gratified
to have assisted in the growth of 3SI at the board level during our
investment," said American Capital Managing Director Frank Do. "We
enjoyed working along side such a high caliber management team and
wish them and Stirling Square all the best in the future." James
Frommelt, Managing Director at Goldsmith Agio Helms, commented,
"The acquisition of 3SI provides Stirling Square with one of the
leading players in the security industry. The Company features a
very talented management team and provides an extremely attractive
platform for future growth. We firmly believe the Company's
partnership with Stirling Square will be as successful as the
Company's partnership with American Capital Strategies." THE
COMPANY 3SI Security Systems, Inc. (www.3sisecurity.com) is a
leading designer, manufacturer, and marketer of electronic security
systems for cash protection. The Company's products protect
currency over all critical aspects of the cash-handling chain,
including the bank teller's drawer, in automatic-teller machines,
in the vault, and in across the pavement applications. 3SI's
flagship products are the SecurityPac(R) Electronic Protection
System, which consists of bundles of real currency containing a
combination of dye, tear gas, and electronics, the Scorpion(TM)
Cassette Protection System, which is designed to protect cash in
transit and inside automatic-teller machines, and the ESP(R)
Electronic Satellite Pursuit, a tracking product based on
high-sensitivity global-positioning system ("GPS") technology. The
Company's customer base consists of leading financial institutions
in North America and Europe. 3SI is based in Exton, Pennsylvania
and has operations in Europe. THE BUYER Stirling Square Capital
Partners (www.stirlingsquare.com) is a pan-European mid-market
private equity firm with $250 million of committed capital from
Citigroup. Stirling Square Capital Partners provides private equity
investment to European companies with enterprise values in the EUR
50 million - EUR 500 million range, operating across a broad range
of sectors and industries. Target companies are sector leaders with
international aspirations, defensible competitive advantages, and
talented management teams capable of executing a clearly defined
value creation strategy. THE SELLER American Capital Strategies,
Ltd. (Nasdaq:ACAS) is a publicly traded buyout and mezzanine fund
with capital resources of approximately $7 billion. American
Capital invests in and sponsors management and employee buyouts,
invests in private equity buyouts, provides capital directly to
early stage and mature private and small public companies and
through its asset management business is a manager of debt and
equity investments in private companies and commercial loan
obligations. American Capital provides senior debt, mezzanine debt
and equity to fund growth, acquisitions, recapitalizations and
securitizations. American Capital invests up to $300 million per
transactions. ABOUT GOLDSMITH AGIO HELMS Goldsmith Agio Helms
(www.agio.com) provides sophisticated corporate finance advice and
investment banking services to middle-market businesses. The firm's
services include mergers and acquisitions, private placements of
debt and equity, distressed advisory and restructuring, and
valuations and fairness opinions. The firm operates internationally
from its offices in Minneapolis, New York, Chicago, Los Angeles,
and London. If you would like more information about this
transaction, contact James Frommelt, jfrommelt@agio.com, at
612-339-0500.
American Capital Strategies (NASDAQ:ACAS)
과거 데이터 주식 차트
부터 9월(9) 2024 으로 10월(10) 2024
American Capital Strategies (NASDAQ:ACAS)
과거 데이터 주식 차트
부터 10월(10) 2023 으로 10월(10) 2024