Goldsmith Agio Helms Announces the Sale of 3SI Security Systems to Stirling Square Capital Partners.MINNEAPOLIS -- Goldsmith Agio AGIO, aggio. This term is used to denote the difference of price between the value of bank notes and nominal money, and the coin of the country. Encyc. Helms is pleased to announce the completed sale of its client, 3SI Security Systems, Inc. ("3SI" or the "Company"), a portfolio company of American Capital Strategies, Ltd. (Nasdaq:ACAS ACAS Cardiology A clinical trial–Asymptomatic Carotid Atherosclerosis Study which evaluated the 5-yr risk of fatal and non-fatal stroke-primary outcome in Pts with asymptomatic but severe carotid atherosclerosis. See Carotid stenosis. ), to Stirling Square Capital Partners ("Stirling Square"), a pan-European mid-market private equity firm based in London, England. 3SI is a leading designer, manufacturer, and marketer of electronic security systems for cash protection. The Company's products protect currency over all critical aspects of the cash-handling chain, including the bank teller's drawer, in automatic-teller machines, in the vault "In the Vault" is a short story by American horror fiction writer H.P. Lovecraft, written on September 18, 1925 and first published in the November 1925 issue of the amateur press journal Tryout. , and in across the pavement applications. 3SI is based in Exton, Pennsylvania Exton is a census-designated place (CDP) in West Whiteland Township, Chester County, Pennsylvania, United States. The population was 4,267 at the 2000 census. The Exton Square Mall is located within Exton. Transportation Exton lies at the intersection of the U.S. and has operations in Europe. HIGHLIGHTS FROM THE TRANSACTION Multiple potential acquirers expressed strong interest in 3SI. Thomas Oxenfeld, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of 3SI stated, "3SI has established an excellent reputation in the security market and is a clear market leader. We have a strong portfolio of products and are continually introducing new and effective solutions to stay ahead of crime. I am excited about working together with Stirling Square in ensuring the next stage in 3SI's growth." Bolaji Odunsi, Partner at Stirling Square said, "3SI has an experienced and dynamic management team, strong customer relationships and an extensive line of patented and proprietary products. We see great opportunities for the company in Europe and further afield." Martin Calderbank, Partner at Stirling Square commented "We look forward to working with Tom and his team to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the opportunities ahead, in particular backing new product development and international growth. This deal is a classic example of the investments Stirling Square makes, buying and building proven market leaders." "American Capital is gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. to have assisted in the growth of 3SI at the board level during our investment," said American Capital Managing Director Frank Do. "We enjoyed working along side such a high caliber management team and wish them and Stirling Square all the best in the future." James Frommelt, Managing Director at Goldsmith Agio Helms, commented, "The acquisition of 3SI provides Stirling Square with one of the leading players in the security industry. The Company features a very talented management team and provides an extremely attractive platform for future growth. We firmly believe the Company's partnership with Stirling Square will be as successful as the Company's partnership with American Capital Strategies." THE COMPANY 3SI Security Systems, Inc. (www.3sisecurity.com) is a leading designer, manufacturer, and marketer of electronic security systems for cash protection. The Company's products protect currency over all critical aspects of the cash-handling chain, including the bank teller's drawer, in automatic-teller machines, in the vault, and in across the pavement applications. 3SI's flagship products are the SecurityPac(R) Electronic Protection System, which consists of bundles of real currency containing a combination of dye, tear gas tear gas, gas that causes temporary blindness through the excessive flow of tears resulting from irritation of the eyes. The gas is used in chemical warfare and as a means for dispersing mobs. , and electronics, the Scorpion(TM) Cassette Protection System, which is designed to protect cash in transit and inside automatic-teller machines, and the ESP (1) (Enhanced Service Provider) An organization that adds value to basic telephone service by offering such features as call-forwarding, call-detailing and protocol conversion. (R) Electronic Satellite Pursuit, a tracking product based on high-sensitivity global-positioning system ("GPS") technology. The Company's customer base consists of leading financial institutions in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe. 3SI is based in Exton, Pennsylvania and has operations in Europe. THE BUYER Stirling Square Capital Partners (www.stirlingsquare.com) is a pan-European mid-market private equity firm with $250 million of committed capital from Citigroup. Stirling Square Capital Partners provides private equity investment to European companies It may never be fully completed or, depending on its its nature, it may be that it can never be completed. However, new and revised entries in the list are always welcome. This is a list of companies from the countries in the European Union. with enterprise values in the EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 50 million - EUR 500 million range, operating across a broad range of sectors and industries. Target companies are sector leaders with international aspirations, defensible competitive advantages, and talented management teams capable of executing a clearly defined value creation strategy. THE SELLER American Capital Strategies, Ltd. (Nasdaq:ACAS) is a publicly traded buyout and mezzanine fund A mezzanine fund is a type of private equity or merchant banking fund. A typical mezzanine investment consists of a debt or debt-like instrument, paired with an equity “sweetener. with capital resources of approximately $7 billion. American Capital invests in and sponsors management and employee buyouts, invests in private equity buyouts, provides capital directly to early stage and mature private and small public companies and through its asset management business is a manager of debt and equity investments in private companies and commercial loan obligations. American Capital provides senior debt, mezzanine debt and equity to fund growth, acquisitions, recapitalizations and securitizations. American Capital invests up to $300 million per transactions. ABOUT GOLDSMITH AGIO HELMS Goldsmith Agio Helms (www.agio.com) provides sophisticated corporate finance advice and investment banking services to middle-market businesses. The firm's services include mergers and acquisitions, private placements of debt and equity, distressed advisory and restructuring, and valuations and fairness opinions. The firm operates internationally from its offices in Minneapolis, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Chicago, Los Angeles, and London. If you would like more information about this transaction, contact James Frommelt, jfrommelt@agio.com, at 612-339-0500. |
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