Fifth Street Asset Management Inc. (NASDAQ:FSAM) ("FSAM") announced
today that its affiliates, including Fifth Street Finance Corp.
(NASDAQ:FSC) ("FSC") and Fifth Street Senior Floating Rate Corp.
(NASDAQ:FSFR) ("FSFR"), have co-invested in a $110 million one-stop
financing facility in connection with the acquisition of Metalogix
H&S Holdings, Ltd. ("Metalogix") by a company owned by the
Permira funds. Metalogix is a provider of collaboration, content
and data management tools for various on-premise and cloud
collaboration platforms, including Microsoft SharePoint, Exchange
and Office 365. The financing facility consists of a first lien
term loan and a revolving credit facility. Fifth Street Management
LLC, FSC's and FSFR's investment adviser, served as Lead Arranger
and Administrative Agent for the transaction.
Metalogix represents the Fifth Street platform's third financing
in support of a Permira funds-owned company. Permira is a global
private equity firm that advises funds with approximately €25
billion in total committed capital, specializing in five key
sectors: Consumer, Financial Services, Healthcare,
Industrials and Technology, Media and Telecommunications (TMT).
"Consistent with our previous transactions together, we were
impressed with Fifth Street's ability to structure a flexible
financing solution in support of the Permira funds' vision, while
committing to the entire facility in an expedited timeframe," said
Nic Volpi, a Partner at Permira, adding, "We look forward to our
continued partnership with Fifth Street and working together to
help Metalogix achieve its growth objectives over the life of the
investment."
"We are pleased to support the Permira funds on the acquisition
of Metalogix, an industry leading software provider for mission
critical collaboration platforms," noted Ivelin M. Dimitrov, FSAM's
Chief Investment Officer, adding, "We believe the Permira funds'
demonstrated investment expertise in the software industry will
complement an already strong management team, and we are excited to
partner with them to help accelerate the growth of the
business."
About Fifth Street Asset Management Inc.
Fifth Street Asset Management Inc. (NASDAQ:FSAM) is a rapidly
growing credit-focused asset manager. The firm has nearly $6
billion of assets under management across two publicly-traded
business development companies, Fifth Street Finance Corp.
(NASDAQ:FSC) and Fifth Street Senior Floating Rate Corp.
(NASDAQ:FSFR), as well as multiple private investment
vehicles. The Fifth Street platform provides innovative and
customized financing solutions to small and mid-sized businesses
across the capital structure through complementary investment
vehicles and co-investment capabilities. With a 16-year track
record focused on disciplined credit investing across multiple
economic cycles, Fifth Street is led by a seasoned management team
that has issued billions of dollars in public equity, private
capital and public debt securities. Fifth Street's national
origination strategy, proven track record and established platform
are supported by approximately 90 professionals across locations in
Greenwich, Chicago, Palo Alto and Dallas. For more information,
please visit fsam.fifthstreetfinance.com.
About Permira
Permira is an international private equity firm. The Permira
funds, raised from pension funds and other institutions, make
long-term investments in companies with the ambition of
transforming their performance and driving sustainable growth.
Founded in 1985, the firm advises funds with a total committed
capital of approximately €25 billion and has made over 200 private
equity investments.
Permira specializes in five key sectors: Consumer,
Financial Services, Healthcare, Industrials and Technology, Media
and Telecommunications (TMT) and its portfolio currently comprises
over 25 companies. Permira employs over 120 professionals based in
Frankfurt, Guernsey, Hong Kong, London, Luxembourg, Madrid, Menlo
Park, Milan, New York, Paris, Seoul, Stockholm and Tokyo.
Permira established itself in North America in 2002 and today
has offices in New York and Menlo Park. The Permira funds
have a long track record of successfully investing in technology
companies around the world including TeamViewer, LegalZoom.com,
Inc., Ancestry.com, NDS, Renaissance Learning and Genesys. Since
1997, over 33% of the Permira funds' investments have been in the
core sector of TMT.
About Metalogix
Metalogix provides content infrastructure management software to
transform collaboration platforms, increase knowledge sharing and
improve the use and performance of enterprise content management
platforms. Today, more than 14,000 customers, in 86 countries on
seven continents, rely on Metalogix management software to migrate,
synchronize, store, monitor, govern, backup and archive content on
Microsoft SharePoint, Exchange and Cloud environments. Metalogix
services customers in the government, energy, legal, financial
services, healthcare, consulting and many other industries.
Metalogix was named to Inc.'s 500 List of Fastest Growing
Private Companies in 2012 and was recognized as the fastest growing
software company in the Washington, D.C. area by the Washington
Business Journal. Metalogix is a Microsoft Gold Partner, a managed
partner in Microsoft's Public Sector, a member of the Microsoft
Partner Advisory Board and a certified General Services
Administration (GSA) provider.
Forward-Looking Statements
This release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995
that reflect the company's current views with respect to, among
other things, future events and financial performance. Words such
as "believes," "expects," "will," "estimates," "projects,"
"anticipates," and "future" or similar expressions are intended to
identify forward-looking statements. These forward-looking
statements are subject to the inherent uncertainties in predicting
future results and conditions. Certain factors could cause actual
results to differ materially from those projected in these
forward-looking statements. New risks and uncertainties arise over
time, and it is not possible for the company to predict those
events or how they may affect it. Therefore, you should not place
undue reliance on these forward-looking statements. The company
does not undertake any obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
CONTACT: Investor Contact:
Robyn Friedman, Vice President, Investor Relations
(203) 681-3720
ir-fsam@fifthstreetfinance.com
Media Contact:
Nick Rust
Prosek Partners
(212) 279-3115 ext. 252
pro-fifthstreet@prosek.com
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