American Capital backs ABRY’s buy of Compusearch

American Capital Ltd has provided $51 million in financing to support ABRY Partners‘ acquisition of Compusearch Software Systems. Based in Dulles, Virginia, Compusearch provides acquisition and program management software to federal agencies, Department of Defense program offices and government contractors.

PRESS RELEASE

BETHESDA, Md., June 3, 2015 /PRNewswire/ — American Capital, Ltd. (Nasdaq: ACAS) (“American Capital”) announced today that it acted as sole lender and second lien agent on a $51 million second lien financing to support the acquisition of Compusearch Software Systems, Inc. (“Compusearch”) by ABRY Partners. Compusearch is the leading provider of acquisition and program management software to federal agencies, Department of Defense program offices and government contractors.

“American Capital has partnered with ABRY on previous investments and we are delighted they turned to us to work together on this attractive investment in a leading federal government software provider,” said Ryan Brauns, American Capital Managing Director and Head of Sponsor Finance. “Having invested in Compusearch under previous ownership, this is an excellent opportunity for us to leverage our deep understanding of the company, its business, clients and industry and support its continued growth plans under ABRY.”

Headquartered in Dulles, VA, Compusearch provides software and services that advance commerce and collaboration among government agencies and contractors. Compusearch’s PRISM™ software is fully compliant with Federal Acquisition Regulations and is the contract writing system for defense, intelligence and civilian agencies. PRISM™ automates requisition and solicitation generation, competitive bid evaluation, award generation, contract management, management reporting, and contract closeout and archiving, and also significantly speeds up compliance with the complex bidding rules for federal contracts. Compusearch’s software solutions also include TopVue™ for program execution and deliverable support and SpectrumCLM™ for Government Contractor’s Contract Lifecycle Management (CLM) processes.

“Compusearch has generated consistent, long-term growth under the leadership of a strong management team whose members have significant industry experience,” said Adam Schatzow, American Capital Principal, Sponsor Finance. “The company’s core product, called PRISM™, is regarded as the ‘best-in-class’ offering in the federal procurement software market. Easy to use, easily integrated with other systems, adaptable to different users and compliant with federal regulations, PRISM™ enables effective and efficient operation among agencies.”

“Compusearch marks the third investment from American Capital in an ABRY portfolio company in the last 12 months,” said Brian St. Jean, Partner, ABRY Partners. “American Capital provided a second lien financing that was flexible and seamlessly sat behind a bank executed first lien facility.”

The American Capital Sponsor Finance Group works in partnership with private equity sponsors to provide financing solutions, including unitranche, second lien, subordinated debt and minority equity investments, to support buyouts, recapitalizations, add-on acquisitions and growth initiatives. The Sponsor Finance Group will underwrite up to $300 million and hold up to $150 million in companies with a minimum of $10 million EBITDA.

American Capital and its affiliated funds have invested approximately $12 billion in over 270 portfolio companies in support of leading private equity firms’ company buyouts, refinancings, add-on acquisitions, dividend recapitalizations and growth opportunities. For more information about American Capital’s portfolio, go to www.AmericanCapital.com/Our-Portfolio.

ABOUT AMERICAN CAPITAL
American Capital, Ltd. (Nasdaq: ACAS) 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, energy & infrastructure and structured products. American Capital manages $23 billion of assets, including assets on its balance sheet and fee earning assets under management by affiliated managers, with $92 billion of total assets under management (including levered assets). Through a wholly owned affiliate, American Capital manages publicly traded American Capital Agency Corp. (Nasdaq: AGNC), American Capital Mortgage Investment Corp. (Nasdaq: MTGE) and American Capital Senior Floating, Ltd. (Nasdaq: ACSF) with approximately $11 billion of total net book value. From its eight offices in the U.S., Europe and Asia, American Capital and its wholly owned affiliate, European Capital, will consider investment opportunities from $10 million to $600 million. For further information, please refer to www.AmericanCapital.com.

ABOUT ABRY PARTNERS
Founded in 1989, ABRY Partners is one of the most experienced media, communications, business and information services focused private equity investment firms in North America. Since its founding, ABRY has completed over $42 billion of transactions, representing investments in over 450 properties. The firm is currently managing over $4.3 billion of total capital and investing out of a $1.9 billion private equity fund, $950 million senior equity fund and a $1.5 billion senior debt fund. For further information, please refer to www.abry.com.