Daily News: April 22, 2013

American Capital Invests $59MM in Three Companies in Q1


American Capital announced that in the first quarter of 2013, its Sponsor Finance group invested over $59 million, in support of 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.”

A summary of transactions is outlined below.

Total Safety

In March 2013, American Capital invested in a second lien facility to support a private equity firm in the refinancing of Houston, TX-based Total Safety, a global outsourced provider of integrated safety and compliance solutions for clients operating in highly-regulated, hazardous environments.

Datapipe

In March 2013, American Capital invested in a second lien facility to support a private equity firm’s purchase of Jersey City, NJ-based Datapipe, a global provider of outsourced IT solutions to medium and large size enterprise customers.

Neways

In February 2013, American Capital invested in a new first lien facility as part of the refinancing of its existing portfolio company, Springville, UT-based Neways, a multi-level marketing firm. American Capital acted as lead syndication and administrative agent on the deal.

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.