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American Capital Invests $50 Million in Recapitalization of Portfolio Company TransFirst Holdings

Bethesda, MD – July 17, 2007 – American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that it has invested $50 million in its portfolio company TransFirst Holdings Inc., a leading provider of transaction processing services and payment technologies.  American Capital’s investment takes the form of a second lien term note and supports the acquisition of TransFirst led by its new private equity sponsor Welsh, Carson, Anderson & Stowe.  TransFirst was originally owned by GTCR Golder Rauner LLC.  [more...]

American Capital Invests $54 Million in Recapitalization of Portfolio Company Transfirst Holdings

Bethesda, MD – September 18, 2006 – American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $54 million in its portfolio company TransFirst Holdings Inc., a leading provider of transaction processing services and payment technologies. American Capital?s investment takes the form of a second lien junior secured term loan. A syndicate led by Merrill Lynch Capital is providing a secured loan facility consisting of a senior secured revolving loan facility, first lien senior secured term loan and second lien junior secured term loan. GTCR Golder Rauner LLC is the majority owner of TransFirst. [more...]

American Capital Comments on New Business Development Companies, Invests $15.6 Million in New Portfolio Company

Bethesda, MD – April 16, 2004 – American Capital Strategies Ltd. (Nasdaq:ACAS) announced today its views on new Business Development Companies (BDCs). ... American Capital is also announcing it has invested $15.6 million in TransFirst Holdings Inc. ("TransFirst"), a leading provider of transaction processing services and payment technologies. American Capital's investment takes the form of senior subordinated debt and supports TransFirst's acquisition of the third party and agent bank merchant division of Fifth Third Bank (Nasdaq: FITB) Processing Solutions. Merrill Lynch Capital provided a revolving credit facility and senior term loans; GTCR and management provided senior subordinated debt, while GTCR provided equity financing and is the majority owner. [more...]

TransFirst Takes Credit for New Acquisition

TransFirst Holdings, Inc., provides a complete platform of credit and debit card transaction processing services for small and mid-sized merchants. Based in Dallas, TX, TransFirst serves over 760 banks and approximately 150,000 merchant customers and is the largest non-bank affiliated, privately held processor in the United States. The company's customers currently process $18.5 billion in annual sales and include merchants in such high-growth sectors as health care, agent banks, and merchandisers handling orders by mail, telephone and the Internet where the card is not present at the time of the transaction. [more...]