Anteon International

In June, 2006 CI Capital Partners announced that its portfolio company Anteon International Corporation (NYSE: ANT) was sold to General Dynamics Corporation (NYSE: GD) in a cash transaction valued at approximately $2.2 billion, or $55.50 per share.

CI Capital Partners acquired the business that was renamed Anteon in a 1996 leveraged buyout valued at $47.5 million, including approximately $10 million of equity capital, and the firm invested an additional $22.5 million of equity capital in 1999. Under CI Capital Partners' ownership, Anteon completed ten acquisitions, the company's revenues grew from $110 million to approximately $1.5 billion, and EBITDA increased from less than $5 million to approximately $140 million. The company's March, 2002 IPO priced at $18 per share.

Anteon was a leading information technology, and systems engineering and integration company, providing support to the U.S. federal government. The company's operations focused on design, integration, maintenance and upgrades of state-of-the-art systems for national defense, intelligence, emergency response and other high priority civilian and military government missions. Anteon also provided many of its government clients with the systems analysis, integration and program management skills necessary to manage the development and operations of their mission critical systems. The company had over 9,500 employees in more than 100 offices worldwide at the time of its sale to General Dynamics.

Leisure Link

In September, 2001 CI Capital Partners and Duke Street Capital sold Leisure Link to Henderson Private Capital. Leisure Link was sold for more than £220 million to Henderson. The sale generated a cash-on-cash (GBP) IRR of 37%. Leisure Link, a gaming, leasing, service and technology provider to the U.K. pub sector, was formed in August 1998 with CI Capital Partners and Duke Street's acquisition of Bass Leisure Machines from Bass plc for £70 million. Leisure Link acquired a large interest in E-Cast, a U.S. Internet entertainment and gaming hardware company, along with European rights to E-Cast's products and technology. It also acquired Maygay, a leading U.K. games manufacturer with leading-edge networking technology, and Stretton Leisure Limited, a £25 million-revenues provider of pub gaming equipment.

Glass's Guide

CI Capital Partners and Duke Street Capital sold the Glass's Group to Hicks, Muse, Tate & Furst for $206 million. Glass's Information Services, Ltd. is the dominant provider of valuation information to the UK automotive industry. We acquired this leading UK database publishing and information company group for $50 million from International Thompson. During the buyout, Glass's became one of the two leading providers of collision repair estimation software and hardware to the UK auto insurance and repair markets. Glass's EBIT increased more than eight-fold during the buyout.

Franklin Hotels

CI Capital Partners and Duke Street Capital sold Franklin Hotels and Investments Limited to a hotel investment group for £39 million. The group's EBIT increased three-fold during the acquisition, and Dukes Hotel was named one of the 100 best hotels in the world by Conde Nast Traveler. This group of London luxury hotels was purchased with Duke Street Capital.

Magnavox

CI Capital Partners joined The Carlyle Group, Soros Capital and other investors in the $165 million buyout of Magnavox Electronic Systems, Inc. from Phillips N.V. organized by The Carlyle Group.

Magnavox Electronic Systems Corporation is a $400 million-revenues defense electronics contractor, based in Fort Wayne, Indiana. CI Capital Partners was the largest co-investor in the buyout of Magnavox, which was subsequently sold to Hughes Electronics for $370 million.

Other transactions include DEANCO (distribution of electrical components), GOLDEN VALLEY (food manufacturing and marketing), and CREMASCOLI ORTHO (surgical equipment).