Lincoln International Represents Astrodyne Corporation, a portfolio company of American Capital Strategies, Ltd. (NASDAQ: ACAS), in its Sale to Audax Group
CHICAGO, April 23, 2008 Lincoln International, a leading global mid-market investment bank, acted as the exclusive financial advisor to Astrodyne Corporation (Astrodyne or the Company), a portfolio company of America Capital Strategies, Ltd. (NASDAQ: ACAS) (American Capital), one of the largest publicly traded alternative asset managers, in the sale of the Company. Astrodyne is a leading manufacturer, designer and distributor of AC/DC power supplies and DC/DC converters. The Company was sold to Audax Group, a Boston-based private equity firm.
Based in Mansfield, Mass., Astrodyne is the largest catalog provider of power supplies. Through its tri-annual catalogs, interactive Web site, and global distribution network, the Company markets its products to a diverse customer base representing industrial, audio/visual, medical, instrumentation, military, and telecommunications end markets. Astrodyne also offers industry-best technical customer support and rapid order fulfillment.
Lincoln International worked closely with the senior management of Astrodyne throughout all phases of the transaction. Lincoln's industry expertise and advice were extremely helpful throughout the sale process, said Peter Murphy, Chief Executive Office of Astrodyne. Lincoln's global organization and middle-market focus, combined with its knowledge of the power electronics space, were very valuable. I am pleased with the outcome and look forward to working with Audax Group to continue Astrodyne's growth strategy.
This represents the fifth electronics transaction for Lincoln International in 2008 and another successful transaction on behalf of American Capital.
About American Capital
American Capital is the only private equity fund and the largest alternative asset management company that is a member of the S&P 500. With $19 billion in capital resources under management, American Capital is the largest U.S. publicly traded alternative asset manager. 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.
About Lincoln International
Lincoln International specializes in merger and acquisition services, private capital raising, and providing fairness opinions and valuations for leading organizations involved in mid-market transactions. With offices in Chicago, Frankfurt, London, 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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