American Capital Backs Flexera Deal

American Capital has invested $15 million to support BMO Capital Markets‘ syndication of a $100 million debt financing to support the purchase Flexera Software by Teachers’ Private Capital. The acquisition was announced in July. Thoma Bravo, the seller, is retaining a minority stake. Financial terms weren’t disclosed.

PRESS RELEASE
American Capital Ltd. (Nasdaq: ACAS) announced today that it invested $15 million to support BMO Capital Markets’ syndication of a $100 million Second Lien Term Loan financing to support the purchase of a majority stake of Flexera Software, Inc. by Teachers’ Private Capital from Thoma Bravo.

Flexera Software is a premier provider of Application Usage Management and Installation software. Flexera’s suite of Application Usage Management products help businesses to monitor license compliance and strategically manage application usage. Flexera is a top 200 software company with more than 80,000 global customers and its products are found on more than 550 million PC’s worldwide.

“We are delighted to work with Flexera Software and support BMO in their syndication efforts,” said Adam Spence, American Capital Managing Director. “In today’s choppy credit markets, we believe more than ever that our ability to provide flexible financing solutions ranging from senior debt and uni-tranche to mezzanine and equity co-investments, multi-currency funding capabilities, responsive execution with a global underwriting platform and commitment to growing portfolio companies make American Capital a desirable investment partner.”

Since its August 1997 IPO, American Capital and its affiliated funds have invested approximately $30 billion in over 520 portfolio companies both directly and in support of leading financial partners in change of control transactions.

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. Founded in 1986, American Capital has $52 billion in assets under management and eight offices in the U.S., Europe and Asia. American Capital and European Capital will consider investment opportunities from $10 million to $300 million. For further information, please refer to http://www.americancapital.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.