[ RadSafe ] American Capital Merges Three Portfolio Companies - Creates Global Leader in Radiation Measurement & Protection

Sandy Perle sandyfl at earthlink.net
Sat Jan 28 09:13:48 CST 2006


American Capital Merges Three Portfolio Companies 
Creates Global Leader in Radiation Measurement & Protection 

BETHESDA, Md., Jan. 25 /PRNewswire-FirstCall/ -- American Capital 
Strategies Ltd. (Nasdaq: ACAS - News) announced today the formation 
of Mirion Technologies Inc., through the merger of its U.S. portfolio 
companies Global Dosimetry Solutions Inc. and Imaging and Sensing 
Technology Corporation with its French portfolio company synOdys 
Group SA. Tom Logan, the prior CEO of Global Dosimetry, will lead the 
combined company as its CEO. No new financing is being provided as 
part of this merger. American Capital investments in these companies 
took the form of subordinated debt and preferred and common equity 
and total $244 million. American Capital is the majority shareholder 
and Company management owns a minority of the common equity.
 
"The merger of three highly profitable leaders in the radiation 
measurement and protection industry creates a dominant global player 
with leading positions in the nuclear power instrumentation, civil 
and military defense, and health physics markets," said American 
Capital Chief Operating Officer Ira Wagner. "This transaction is 
emblematic of American Capital's success in building a franchise in 
the middle market. With leadership provided by our New York 
Investment Team headed by Robert Klein, our Business Development and 
Marketing Team, Financial Analysis and Compliance Team (FACT), Legal 
Department and Operations Team all contributed to building and 
creating value in the formation of Mirion Technologies."

American Capital has invested approximately $3.2 billion in 2005, 
approximately $1 billion in the fourth quarter 2005 and $77 million 
year to date. These amounts do not include American Capital's 
unfunded equity commitment to its affiliate European Capital. For 
more information about American Capital's portfolio go to 
http://www.acas.com/our_portfolio/our_portfolio.cfm.

"The establishment of Mirion Technologies is the next step in the 
evolution of a market leader. The merger of these three companies 
provides revenue diversification across customers, product lines, end 
markets and geography. In addition, the merger positions the three 
companies to take advantage of cross selling opportunities, create 
cost savings through consolidation, and provides for the enhanced 
sharing of best practices and research and development innovations," 
said American Capital Managing Director Robert Klein.

"We are excited to back management as they extend their leadership 
positions in these dynamic markets, particularly as it relates to the 
imminent buildout of Chinese nuclear capacity," added American 
Capital Principal Todd Wilson.

"Mirion Technologies is well-positioned to extend its global 
franchise, based upon the renaissance of the global nuclear power 
industry, continued global demands for homeland security and defense 
solutions, and increased utilization of radiological medical 
applications," said Mirion Technologies Chairman and CEO Tom Logan. 
"We expect to sustain our legacy of strong organic and acquisitive 
growth as these markets continue to evolve."

In 2003, American Capital invested $49 million to acquire Global 
Dosimetry Solutions, one of the world's largest providers of 
radiation dosimetry services. In 2004, American Capital invested $45 
million in the acquisition of Imaging and Sensing Technology 
Corporation, a leading designer and assembler of equipment for use in 
nuclear power plants, and $72 million in the acquisition of synOdys 
Group SA, a leading manufacturer of systems and equipment to protect 
people and goods from nuclear, biological and chemical risks. In 
addition, American Capital has financed three add-on acquisitions 
across the companies that now comprise Mirion Technologies.

American Capital investments in companies serving the nuclear power 
industry also include PaR Nuclear Holding Company Inc., a leader in 
the design, assembly, installation and service of large-scale, high-
precision robotic systems.

-------------------------------------
Sandy Perle
Senior Vice President, Technical Operations
Global Dosimetry Solutions, Inc.
2652 McGaw Avenue
Irvine, CA 92614 

Tel: (949) 296-2306 / (888) 437-1714  Extension 2306
Fax:(949) 296-1144

E-Mail: sperle at dosimetry.com
E-Mail: sandyfl at earthlink.net 

Global Dosimetry Website: http://www.dosimetry.com/ 
Personal Website: http://sandy-travels.com/ 




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