Lane, Berry & Co. International, LLC announced today that it served as exclusive financial adviser to triVIN, Inc. with respect to its sale to American Capital Strategies Ltd. (NASDAQ:ACAS). triVIN is a leading provider of title management services to automobile lenders and electronic vehicle registration services to automobile dealers. American Capital and an affiliate invested $106 million in triVIN in the form of a senior term loan, senior and junior subordinated debt and convertible preferred and common equity. American Capital is also providing a revolving credit facility. American Capital Equity Fund I LLC (“ACE”), a fund managed by American Capital, provided 30% of the American Capital equity investment. triVIN’s management team is also making a significant equity investment.
“We are delighted with American Capital’s investment in triVIN,” said Bill Rountree, triVIN CEO. “American Capital brings not only enormous financial resources but also invaluable experience with enterprise software companies. We look forward to working together as we build on triVIN’s well-established market position.”
