European Capital Invests 7 Million USD in Unitranche Bonds Supporting The Flexitallic Group's Acquisition of Custom Rubber

  European Capital Invests 7 Million USD in Unitranche Bonds Supporting The
          Flexitallic Group's Acquisition of Custom Rubber Products

  PR Newswire

  ST. PETER PORT, Guernsey, Jan. 22, 2013

ST. PETER PORT, Guernsey, Jan. 22,2013 /PRNewswire/ --European Capital
Limited and its affiliates ("European Capital") announced today that in
December 2012 they invested 7 million USD in unitranche bonds supporting The
Flexitallic Group's acquisition of Custom Rubber Products, a manufacturer of
elastomer, phenolics, and thermoset plastic products for upstream and
midstream oilfield and industrial markets. The Flexitallic Group, formerly
named FDS Group, is an international market leader in the manufacturing and
distribution of high-end sealing solutions.

"We are very pleased to invest once again in unitranche bonds alongside the
Private Debt Team of AXA Private Equity to support The Flexitallic Group,"
said Tristan Parisot, Managing Director of European Capital Financial Services
Limited ("ECFS"). "This investment perfectly illustrates European Capital's
ability to provide flexible financing solutions, including multi-currency
funding capabilities and follow-up commitments to growing portfolio
companies."

European Capital first invested in The Flexitallic Group in May 2012. The
Flexitallic Group is a global leader in specialized high-end sealing solutions
and products serving the oil and gas, power generation (including nuclear),
chemical and petrochemical industries in emerging and developed markets. The
company has its own manufacturing facilities in the U.S., Canada, the United
Kingdom, France, Germany and China, in addition to an extensive network of
licensed manufacturers. With approximately 1,200 employees, its 2012 sales
are projected to exceed 200 million Euro. The Flexitallic Group is majority
owned by Eurazeo PME.

Custom Rubber Products was founded in 1961 and operates out of an 88,000
square foot manufacturing campus in Houston, Texas. With support for
compression, transfer and injection molding, the company incorporates more
than 250 active elastomer and phenolic compounds for a broad spectrum of
products and environments.

"As a clear leader in its dynamic niche, the addition of Custom Rubber
Products to The Flexitallic Group's portfolio is expected to generate
significant growth and value," stated Stephane Legrand, Managing Director at
ECFS. "Given the common culture of client proximity in developing high-end
customized solutions and The Flexitallic Group's strong track-record in
integrating acquisitions, the company will further strengthen its ability to
serve its impressive portfolio of international blue-chip clients."

"This acquisition resulted from a proactive strategic analysis carried out by
management over the past two years," stated Olivier Millet, Chairman of the
Executive Board of Eurazeo PME. "We appreciated European Capital's capacity
to value the management team's strategic rationale, positioning themselves as
a long-term partner of The Flexitallic Group, which has the potential to
further double its size in the next five years."

"We were glad to count European Capital among our early supporters in the
process of adding Custom Rubber Products to our portfolio," stated Remi
Toledano, President and CEO of The Flexitallic Group. "This addition
immediately positions The Flexitallic Group as the global leader in static
sealing technology across all segments of the energy industry: upstream,
midstream, downstream and power generation."

Since its inception, European Capital has invested 3.5 billionEuroin over
100 companies in Europe. In France, European Capital has invested 1.1 billion
Euroin 28 different companies. European Capital and its affiliates will
consider senior and mezzanine debt investment opportunities from 10 million to
40 million in either euros or sterling and up to 400 million for One Stop
Buyouts®.

ABOUT EUROPEAN CAPITAL

European Capital is an investment company for pan-European equity, mezzanine
and senior debt investments with 1.2 billion Euroin assets under management.
European Capital is a wholly-owned affiliate of American Capital, Ltd
("American Capital"). It is managed by European Capital Financial Services
(Guernsey) Limited ("ECFSG" or the "Investment Manager"), a wholly-owned
affiliate of American Capital. The Investment Manager has offices in London
and Paris. As of 31 December 2012 the Investment Manager had 5 investment
teams with 22 investment professionals and employed 27 support staff.
European Capital and its affiliates will consider senior and mezzanine debt
investment opportunities from 10 million to 40 million in either euros or
sterling and up to 400 million for One Stop Buyouts®. For further
information, please refer to www.EuropeanCapital.com .

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.
American Capital manages 18.6 billion USDof assets, including assets on its
balance sheet and fee earning assets under management by affiliated managers,
with 118 billion USDof total assets under management (including levered
assets). From its eight offices in the U.S. and Europe, American Capital and
its affiliate, European Capital, will consider investment opportunities from
10 million USD to 750 million USD. For further information, please refer to
www.AmericanCapital.com .

Contact: European Capital Financial Services Limited +33-1-40-68-06-66
Stephane Legrand, Managing DirectorOlivier Meline, Investment Director

Website: http://www.EuropeanCapital.com
 
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