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American Capital’s Sponsor Finance Group Invests $59MM in Q1

April 22, 2013, 07:29 AM
Filed Under: Industry News

American Capital announced that in the first quarter of 2013, its Sponsor Finance Group invested over $59 million, in support of leading private equity firms.

"During the first quarter of 2013, we invested in three global middle market companies.  Our transaction execution was efficient and we were able to provide competitive pricing and terms, working both directly with sponsors and participating in syndicated second lien term loans with leading investment banks," said Adam Spence , managing director, American Capital.  "The American Capital Sponsor Finance Group, with 29 investment professionals in the United States and Europe, is able to provide one stop financing solutions and subordinated debt capital and participate in syndicated second lien term loans."

"Our flexible capital and our wide-ranging financing capabilities position us to move quickly and finance new attractive acquisitions, capital structure refinancings and corporate growth initiatives," said Bowen Diehl , managing director, American Capital.  "We look forward to an active year of supporting our sponsor partners in new buyouts and in growing their portfolio companies, while forging and enhancing new relationships in the sponsor community."

The transactions are outlined below.

Total Safety, Inc.

In March 2013, American Capital invested in a second lien facility to support a leading private equity firm in the refinancing of Total Safety, Inc., the premier global outsourced provider of integrated safety and compliance solutions for clients operating in highly-regulated, hazardous environments.  Headquartered in Houston, TX, the company's solutions include the rental, inspection, service and repair of respiratory protection equipment, gas detection and monitoring equipment and portable instrumentation, as well as the installation and service of complex breathing air systems, technical private facility communication networks and gas monitoring, fire detection and suppression systems.

Datapipe, Inc.

In March 2013, American Capital invested in a second lien facility to support a leading private equity firm's purchase of Datapipe, Inc., a leading global provider of outsourced IT solutions to medium and large size enterprise customers.  Headquartered in Jersey City, NJ, with data center facilities in New York, Virginia, San Jose, London, Iceland, Hong Kong and Shanghai, Datapipe offers a range of managed services, including Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) and cloud computing solutions.

Neways, Inc.

In February 2013, American Capital invested in a new first lien facility as part of the refinancing of its existing portfolio company, Neways, Inc., a multi-level marketing firm.  American Capital acted as lead syndication and administrative agent on the deal. Headquartered in Springville, UT, Neways sells personal care and nutritional health products, including liquid vitamins, dietary supplements, and beauty care products through a global network of independent distributors.

American Capital and its affiliated funds have invested approximately $31 billion in over 550 portfolio companies both directly and in support of leading financial partners in change of control transactions.

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