European Capital Invests 26 Million Euro Equivalents in the Multi-Currency Unitranche Bonds Supporting the FDS Group's Refinancing and Acquisition of AGS

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European Capital Invests 26 Million Euro

Equivalents in the Multi-Currency Unitranche

Bonds Supporting the FDS Group's

Refinancing and Acquisition of AGS

PR Newswire

ST. PETER PORT, Guernsey, June 11, 2012

ST. PETER PORT, Guernsey,

June 11, 2012

/PRNewswire/ -- European Capital

Limited and its affiliates ("European Capital") announced today that they have

completed the investment of

26 million Euro

equivalents in the multi-currency

(including USD, CAD$ and EUR) unitranche bonds supporting The FDS Group's

refinancing and acquisition of Canadian company AGS Group, Inc. ("AGS"),

which took place in

November 2011

and

January 2012

, respectively.

The FDS Group is an international market leader in the manufacturing and

distribution of high-end sealing solutions, serving oil and gas industries, power

generation (including nuclear), chemical and petrochemical industries, in both

emerging and developed markets throughout the world. The company has its

own manufacturing facilities in the U.S.,

Canada

,

Mexico

, the

United Kingdom

,

France

,

Germany

and

China

, in addition to an extensive network of licensed

manufacturers. The FDS Group is majority owned by Eurazeo PME.

AGS Group, Inc. is a leading supplier of gaskets, fasteners, pipe supports and

instrumentation to the fast-growing Canadian market. Established in 1979 and

with locations in

Edmonton

,

Calgary

,

Sarnia

, Grand Prairie and

Red Deer

, AGS

has built a solid reputation for leading edge sealing solutions and technologies

to support the oil and gas industries in

Alberta

and throughout

Canada

.

"We are very pleased to invest in the multi-currency unitranche bonds

underwritten by the Private Debt team of AXA Private Equity and Capzanine to

support The FDS 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 ranging from

mezzanine and unitranche to minority or majority equity investments, with

multi-currency funding capabilities if needed, and follow-up commitments to

growing portfolio companies."

"As a long-time trusted partner of The FDS Group, the addition of AGS to the

group's portfolio is expected to generate significant growth and value," stated

Stéphane Legrand, Director at ECFS. "The group generates revenues from a

balanced mix of energy-related industries and through a global presence. The

company also enjoys long-time relationships with leading blue chip clients

serving industries with attractive growth prospects, while being led by an

excellent management team that has set up impressive governance

standards."

"We were glad to welcome European Capital among our unitranche

bondholders," stated Rémi Toledano, President and Chief Executive Officer of

The FDS Group. "We appreciate their cross-border coverage and the

experience of their Energy team, which could prove useful in some of our

future developments."

Since its inception, European Capital has invested €1.1 billion (

$1.5 billion

) in

France

in 28 different companies. European Capital will consider mezzanine,

unitranche and equity investment opportunities from €10 million to €100

million.

ABOUT EUROPEAN CAPITAL

European Capital is an investment company for pan-European equity,

mezzanine and senior debt investments with €1 billion in 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 March 2012

the Investment Manager had 5 investment

teams with 20 investment professionals and employed 26 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 100 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 has

$101 billion

in assets under management and seven

offices in the U.S. and Europe. American Capital and its affiliates will consider

investment opportunities up to

$500 million

. For further information, please

refer to www.AmericanCapital.com.

Contact

:

European Capital Financial Services Limited [phone]-

66

Stéphane Legrand, Director

Olivier Meline, Investment Director

Alexandre Bruyelle, Investment Director