Lincoln International Represents American Capital Strategies, Ltd. (NASDAQ: ACAS) in the Sale of SAV Holdings, Inc. (d/b/a Swank Audio Visuals) to Code Hennessy & Simmons LLC
CHICAGO, September 17, 2007 - Lincoln International, a leading global mid-market investment bank, acted as the exclusive financial advisor to American Capital Strategies, Ltd. ("American Capital"), the largest U.S. publicly traded private equity fund and one of the largest publicly traded alternative asset managers, in the sale of SAV Holdings, Inc. ("Swank"), a leading provider of audio visual services for corporate meetings and events. Swank was sold to Code Hennessy & Simmons LLC ("CHS"), a Chicago-based private equity firm currently managing over $2.5 billion of capital.
Swank provides event consultation, creative event design, technical support, equipment rental, and post-production services in both the in-house hotel as well as event services markets. Swank has been in operation since 1937, and has exhibited impressive growth throughout numerous business cycles within the meetings and events industry. Headquartered in St. Louis, Missouri, Swank has an expanding presence in 58 major geographic markets across North America, providing audio visual solutions to more than 240 hotels. The Company has been able to drive consistent growth as a result of the outstanding customer service and technical expertise. More information about Swank can be obtained at www.swankav.com.
Furthering its longstanding relationship with American Capital, Lincoln worked closely with the American Capital team as well as with senior management of Swank. Jonathan Leiman, Principal of American Capital's Chicago office says, "Lincoln's knowledge of the Swank business model, deep relationships with potential acquirers and overall tenacity were absolutely key in getting this transaction completed. We look forward to working with the Lincoln team on future transactions."
The sale of Swank builds on Lincoln International's strong business services experience, as it marks the firm's seventh Business Services transaction this year.
About American Capital
American Capital is the only alternative asset management company that is a member of the S&P 500. With $17 billion in assets under management, including its investments in externally managed funds, American Capital is the largest U.S. publicly traded private equity fund and one of the largest publicly traded alternative asset managers. American Capital, both directly and through its global asset management business, is an investor in management and employee buyouts, private equity buyouts, and early stage and mature private and public companies. American Capital provides senior debt, mezzanine debt and equity to fund growth, acquisitions, recapitalizations and securitizations. American Capital and its affiliates invest from $5 million to $800 million per company in North America and $5 million to $500 million per company in Europe. More information about American Capital can be obtained at www.americancapital.com.
About Code, Hennessy & Simmons
CHS is a Chicago-based private equity firm specializing in private equity investments and recapitalizations of middle market companies in partnership with management. CHS targets well-managed companies focused on growth with enterprise values between $75 million and $1 billion. With particular expertise in the Business & Consumer Services, Distribution, Consumer Products and Infrastructure & Industrial Products sectors, CHS has completed 69 platform investments and 163 add-on investments. Founded in 1988, CHS has formed five private equity funds and currently manages over $2.5 billion of capital. For additional information about CHS, please refer to the firm's website at www.chsonline.com.
About Lincoln International
Lincoln International specializes in merger and acquisition services and private capital raising for leading organizations involved in mid-market transactions. With offices in Chicago, Frankfurt, Los Angeles, New York, Paris and Vienna, and strategic partnerships with China Everbright and other partner firms in Asia, Lincoln International has strong local knowledge and contacts in the key global economies. The organization provides clients with senior-level attention, in-depth industry expertise, and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com.
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