American Capital Equity's Portfolio Company SMG Acquires CGC Events Limited

BETHESDA, Md., Feb. 4, 2015 /PRNewswire/ -- American Capital Equity III, LP ("ACE III") announced today that its portfolio company SMG Holdings, Inc. ("SMG") has acquired CGC Events Limited ("CGC"), a catering concessionaire servicing venues throughout Northern England.  SMG is a leading provider of entertainment and conference venue management services worldwide. 

Established over 100 years ago, CGC provides catering, concessions and hospitality services to 25 accounts, including horse racing tracks, stadiums, exhibition centers and heritage sites.  CGC clients include the world famous York Racecourse, home of the prestigious Welcome to Yorkshire Ebor festival, Yorkshire Event Centre, Lincolnshire Showground, Thackray Medical Museum and the renowned Hepworth Wakefield art gallery.  CGC is headquartered in Yorkshire, U.K.

"By acquiring CGC's established food service brand, SMG will further expand its presence in the U.K. market, combining best practices at CGC and SMG, as well as extend its U.K. food service business into additional business areas, including racetracks, rugby and soccer stadiums and heritage sites," stated Wes Westley, SMG President and CEO.  

Founded in 1977, SMG is the world's largest venue management company, providing private management services to owners of public assembly facilities.  SMG provides construction and design consulting, pre-opening services, venue management, sales, marketing, event booking and programming.  SMG currently manages over 240 venues, including arenas, stadiums, convention centers, exhibition halls, science centers, trade centers, theaters and performing arts centers.  SMG's facilities include stadiums such as the Mercedes-Benz Superdome, home of the New Orleans Saints, and Soldier Field, home of the Chicago Bears; convention centers such as McCormick Place in Chicago and Moscone Center in San Francisco; and U.K.-based Manchester Arena and first direct arena in Leeds.  SMG also offers food and beverage operations through SAVOR, its concessions, catering and special events division.  SMG is headquartered in West Conshohocken, PA.  For more information, click here: www.acequity.com/portfolio/smg.

ABOUT AMERICAN CAPITAL EQUITY III, LP
American Capital Equity III, LP ("ACE III") is a $1.1 billion private equity fund focused on acquiring control equity and equity-related positions in companies with $5 to $25 million of EBITDA.  ACE III is managed by a subsidiary of American Capital Asset Management, LLC, which is wholly owned by American Capital, Ltd., and based in Bethesda, MD.  For more information, please refer to www.acequity.com.   

ABOUT AMERICAN CAPITAL
American Capital, Ltd. (Nasdaq: ACAS) 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, energy & infrastructure and structured products.  American Capital manages $21 billion of assets, including assets on its balance sheet and fee earning assets under management by affiliated managers, with $80 billion of total assets under management (including levered assets).  Through a wholly owned affiliate, American Capital manages publicly traded American Capital Agency Corp. (Nasdaq: AGNC), American Capital Mortgage Investment Corp. (Nasdaq: MTGE) and American Capital Senior Floating, Ltd. (Nasdaq: ACSF) with approximately $11 billion of total net book value.  From its eight offices in the U.S., Europe and Asia, American Capital and its wholly owned affiliate, European Capital, will consider investment opportunities from $10 million to $750 million.  For further information, please refer to   www.americancapital.com.

This press release contains forward-looking statements. The statements regarding expected results of American Capital Equity III, LP are subject to various factors and uncertainties, including the uncertainties associated with the timing of transaction closings, changes in interest rates, availability of transactions, changes in regional, national or international economic conditions, or changes in the conditions of the industries in which American Capital Equity III, LP has made investments.

Contact:
Eugene Krichevsky, Partner, American Capital Equity (301) 951-6122
Scott Kauffman, Principal, American Capital Equity (301) 951-6122
Helen Yang, Managing Director, American Capital (212) 213-2009
Jimmy Byun, Principal, American Capital (212) 213-2009

SOURCE American Capital Equity III, LP

Related Links

http://www.acequity.com