American Capital's Sponsor Finance Group Invests Over $300 Million
in 28 Companies in 2012
BETHESDA, Md., Feb. 4, 2013 /PRNewswire/ -- American
Capital, Ltd. (Nasdaq: ACAS) ("American Capital") announced today
that in 2012 it, along with its affiliate European Capital Limited
("European Capital"), invested over $300
million in 28 new and existing companies. These
investments were led by American Capital's offices in the United States and Europe and were made in support of leading
private equity firms' company buyouts, refinancings, add-on
acquisitions, dividend recapitalizations and growth
opportunities.
"In 2012, our Sponsor Finance Group was successful in sourcing
and closing attractive new investment opportunities by working
closely with some of the best private equity firms in the United States and Europe," said Adam
Spence, Managing Director, American Capital. "We very
much look forward to continuing to deepen and expand our sponsor
relationships as we seek to aggressively put capital to work in
2013 and beyond."
"Our ability to provide flexible financing solutions of up to
$150 million in senior, mezzanine,
second lien, unitranche and equity co-investment, as well as our
responsive execution with a global underwriting platform and
commitment to growing portfolio companies make American Capital an
ideal investment partner for sponsors, lenders and management
teams," added Bowen Diehl, Managing
Director, American Capital.
"American Capital and European Capital's ability to support
global businesses in their development both in North America and Europe is a unique value proposition
highly recognized by the sponsors and management teams we work
with," said Tristan Parisot,
Managing Director, European Capital Financial Services Limited.
"The multi-currency financing adapted to every situation is
also strong evidence of our global coverage and our
flexibility."
A summary of selected transactions is outlined below.
Aderant Holdings, Inc.
In December 2012, American Capital
invested in first and second lien facilities to support a private
equity firm in its purchase of Aderant Holdings, Inc., a global
provider of comprehensive business management software for law and
professional services firms.
AmWINs Group, Inc.
In June 2012, American Capital
invested in a second lien facility to support a private equity firm
in its purchase of AmWINs Group, Inc., a leading wholesale
insurance broker.
CAMP Systems International
In May 2012, American Capital invested in a second
lien facility to support a private equity firm in its purchase of
CAMP Systems International, a leading provider of
subscription-based maintenance tracking information services to the
corporate aviation market. CAMP Systems International has
been a portfolio company of American Capital since 2007 when
American Capital invested in a second lien facility to support its
recapitalization led by a private equity firm.
Consolidated Precision Products
In December 2012, American Capital invested in a
second lien facility to support a private equity firm in its
purchase of Consolidated Precision Products, a global aerospace
castings manufacturer for the commercial aerospace, military and
industrial markets.
The Flexitallic Group
In July 2012, European Capital
invested in unitranche bonds to support a private equity firm in
the refinancing of The Flexitallic Group, formerly the FDS Group.
In December 2012, European Capital
invested in unitranche bonds to support The Flexitallic Group's
add-on acquisition of Custom Rubber Products, a manufacturer of
elastomer, phenolics, and thermoset plastic products for upstream
and midstream oilfield and industrial markets. The
Flexitallic Group is an international market leader in the
manufacturing and distribution of high-end sealing solutions.
Sage Products, Inc.
In December 2012, American Capital
invested in a second lien facility to support a private equity firm
in its purchase of Sage Products, Inc., a leading healthcare
products manufacturer focused on innovative infection prevention
and patient safety products.
Tomkins Air Distribution, Inc.
In November 2012, American Capital invested in a
second lien facility to support a private equity firm in its
purchase of Tomkins Air Distribution, Inc., a leading provider of
ventilation solutions to non-residential and residential
buildings.
Transtar Holding Company
In October 2012, American Capital invested in a
second lien facility to support a private equity firm in the
dividend recapitalization of Transtar Holding Company, a leading
distributor of automotive aftermarket parts.
Unipex Group
In September 2012, European Capital
invested in unitranche bonds to support a private equity firm in
its purchase of Unipex Group, a global distributor of natural
active ingredients and specialty chemicals for the cosmetic,
pharmaceutical, nutrition and industrial sectors. Unipex
Group has been a portfolio company of European Capital since 2008
when European Capital invested in a mezzanine facility then put in
place to support the spin-off of Unipex Group from Atrium
Innovations, led by a private equity firm.
American Capital and its affiliated funds have invested
approximately $31 billion in over 540
portfolio companies both directly and in support of leading
financial partners in change of control transactions. For
more information about American Capital's portfolio, go to
http://www.americancapital.com/Pages/our_portfolio/our_portfolio.aspx.
ABOUT AMERICAN CAPITAL
American Capital is a publicly
traded private equity firm and global asset manager. American
Capital, both directly and through its asset management business,
originates, underwrites and manages investments in middle market
private equity, leveraged finance, real estate and structured
products. American Capital manages $18.6 billion of assets, including assets on its
balance sheet and fee earning assets under management by affiliated
managers, with $118 billion of total
assets under management (including levered assets). American
Capital, through a wholly-owned portfolio company, manages publicly
traded American Capital Agency Corp. (NASDAQ: AGNC) with
approximately $10 billion market
capitalization and American Capital Mortgage Investment Corp.
(NASDAQ: MTGE) with approximately $850
million market capitalization. From its eight offices in the
U.S. and Europe, American Capital
and its affiliate, European Capital, will consider investment
opportunities from $10 million to $750
million. For further information, please refer to
www.AmericanCapital.com.
ABOUT EUROPEAN CAPITAL
European Capital is an
investment company for pan-European equity, mezzanine and senior
debt investments with €1.2 billion in assets under management.
European Capital is a wholly-owned affiliate of American
Capital. It is managed by European Capital Financial Services
(Guernsey) Limited ("ECFSG" or the "Investment Manager"), a
wholly-owned affiliate of American Capital. The Investment
Manager has offices in London and
Paris. As of 31 December 2012 the Investment Manager had 5
investment teams with 22 investment professionals and employed 27
support staff. European Capital and its affiliates will
consider senior and mezzanine debt investment opportunities from 10
million to 40 million in either euros or sterling and up to 400
million for One Stop Buyouts®. For further information,
please refer to www.EuropeanCapital.com.
This press release contains forward-looking statements. The
statements regarding expected results of American Capital are
subject to various factors and uncertainties, including the
uncertainties associated with the timing of transaction closings,
changes in interest rates, availability of transactions, changes in
regional, national or international economic conditions, or changes
in the conditions of the industries in which American Capital has
made investments.
Contact:
Adam
Spence, Managing Director, American Capital
Bowen Diehl, Managing Director,
American Capital
Tristan Parisot, Managing Director,
European Capital Financial Services Limited
(301) 951-6122
(301) 654-6714 Fax
Info@AmericanCapital.com
www.AmericanCapital.com
SOURCE American Capital, Ltd.