European Capital's Sponsor Finance Group Invests €43 Million In Three New Portfolio Companies

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European Capital's Sponsor Finance Group

Invests €43 Million In Three New Portfolio

Companies

PR Newswire

ST. PETER PORT, Guernsey, July 10, 2012

ST. PETER PORT, Guernsey,

July 10, 2012

/PRNewswire/ -- European Capital

Limited ("European Capital") announced today that it has made investments

totalling €43 million in three new companies in the second quarter of 2012. The

investments were led by the

London

and

Paris

offices of European Capital

Financial Services Limited ("European Capital Services"), the sub-investment

manager of European Capital.

"We are very pleased to partner with preeminent European private equity firms

and financial institutions to add three leading middle market companies to

European Capital's diversified portfolio of investments," declared Ira Wagner,

President of European Capital Services. "Despite the volatility in the market, we

believe that European Capital's ability to provide flexible financing solutions

ranging from mezzanine and unitranche to majority and minority equity

investments as well as our multi-currency capabilities make European Capital

an attractive investment partner. We remain focused on originating high

quality investments across

Europe

."

Iceland Food Group Limited

In

April 2012

, European Capital invested €5 million of senior term debt in

Iceland

Food Group Limited ("

Iceland

") supporting the company's management

buyout led by a group of lenders, including Credit Suisse, Deutsche Bank, HSBC,

Nomura and RBS.

Founded in 1970,

Iceland

is the UK's leading retail specialist offering frozen,

chilled and grocery products in the value-end of the food retail market. The

company has over 800 stores located throughout the UK.

The FDS Group

In

May 2012

, European Capital invested

26 million Euro

equivalents in the multi-

currency (including USD, CAD$ and EUR) unitranche bonds supporting The FDS

Group's refinancing, which occurred in

November 2011

, and the acquisition of

Canadian company AGS Group, Inc. ("AGS"), which occurred in

January 2012

.

The FDS Group, majority owned by Eurazeo PME, 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 UK,

France

,

Germany

and

China

, in addition to an

extensive network of licensed manufacturers.

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

instrumentation to the fast-growing Canadian market.

Financial Services Company

In

May 2012

, European Capital invested

10 million pounds sterling

in a

unitranche package supporting the refinancing of a financial services business.

Two other banks also invested in the refinancing.

The company is majority owned by a UK mid-market private equity firm and is

the market leader in its field in the UK.

Since its inception, European Capital has invested €3.4 billion in 100 companies

in

Europe

. For more information on European Capital's portfolio, go to

http://www.europeancapital.com/our_portfolio/portfolio.html.

ABOUT EUROPEAN CAPITAL

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

mezzanine and senior debt investments with €1.2 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), a wholly-owned affiliate of American Capital, and its subsidiary and

subinvestment manager, European Capital Services. European Capital Services

has offices in

London

and

Paris

. As of

31 March 2012

, European Capital

Services 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

:

Nathalie Faure-Beaulieu [phone]

Tristan Parisot [phone]