William Blair & Company acted as exclusive financial advisor to CIBT Solutions, Inc. ("CIBT" or the "Company"), a portfolio company of controlling shareholder American Capital, Ltd., in connection with its sale to ABRY Partners ("ABRY"). Financial terms of the transaction were not disclosed.
CIBT, headquartered in McLean, VA, is the leading global provider of expedited travel document services. Through operations in North America, Europe and Asia, CIBT serves multinational corporations, global travel management companies, tour and cruise operators, government agencies and Do-It-Yourself travelers. CIBT assists nearly one million travelers annually to obtain short-term visas, passports and other documents for business and leisure travel. CIBT services simplify the time consuming and complicated process of obtaining required travel documents. CIBT provides great value to clients by ensuring that expensive international trips are not postponed or canceled due to delays on documents.
American Capital, with $57 billion in assets under management, is a publicly traded (NASDAQ:ACAS) 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. As a publicly traded company, American Capital provides investors the opportunity to participate in the private equity and alternative asset management industry through an investment in publicly traded stock.
Founded in 1989, ABRY is one of the most experienced and successful media, communications, business and information services focused private equity investment firms in North America. ABRY's investment focus is on high quality companies where they partner with management to help build their businesses. Since its founding, ABRY has completed over $27 billion of leveraged transactions and other private equity, mezzanine or preferred equity placements, representing investments in approximately 450 properties.
William Blair was engaged by CIBT to pursue a sale of the company. In connection with the engagement, William Blair prepared a confidential investment memorandum, created a management presentation, marketed the Company to potential acquirers, coordinated the due diligence process and helped negotiate key terms of the definitive transaction agreement.
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