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Contact Bill Haynes BackBay Communications 617 556 9982 x224 Bill haynes backbaycommunications com FOR IMMEDIATE RELEASE NAUTIC PARTNERS SELLS CLC GROUP TO FLEETCOR


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Bill Haynes
BackBay Communications
617-556-9982, x224



Providence, Rhode Island, April 2, 2009 -- Nautic Partners, LLC, a private equity firm
with more than $2.5 billion of capital under management, today announced that it has
sold portfolio company CLC Group, Inc. (CLC) to FleetCor Technologies. The terms of
the transaction were undisclosed. Inclusive of prior distributions, the transaction will
yield a return for Nautic of 4.0x their investment and a 39% IRR.

CLC, based in Wichita, Kansas, is a leading provider of lodging management programs
to businesses. CLC serves more than 10,000 large and small business clients across the
U.S.   Annually, CLC’s clients purchase eight million room nights across CLC’s
proprietary network of 12,000 U.S. hotels. CLC’s clients typically report savings of 25%
to 40% off their overall lodging expenses through a combination of hotel rate and
administrative savings.   In addition, CLC provides emergency lodging services and
payment processing services to agencies of the federal government.           For more
information on CLC, see the company’s website at

“We are thankful to have partnered with the entire CLC team over the past five years,”
said Brad Wightman, Managing Director of Nautic Partners.             “The Company’s
compelling value proposition as an outsourced provider of complex vendor management
solutions has enabled it to grow substantially during this period.”

“I’ve been very pleased to work with Nautic during the past five years,” said George
Hansen, CEO of CLC. “Under the Nautic stewardship, CLC has doubled the size of its
workforce and expanded its reach into new business and government markets all without
losing its focus on superior customer service. This performance is among the many
things that attracted Fleetcor to CLC.”

“We are pleased that this transaction will deliver a significant return for our limited
partners in this challenging economic environment,” said Habib Gorgi, Managing
Director of Nautic Partners.

Oppenheimer & Co. Inc., and Edwards Angell Palmer & Dodge, acted as financial
advisor and legal counsel to the sellers, respectively.

About Nautic Partners
Founded in 1986, Nautic Partners is a middle-market private equity firm with over $2.5
billion of equity capital under management.           The firm has completed over 100
transactions in partnership with management and delivered successful results to investors
for over three decades. Nautic targets equity investments of $25-75 million, representing
majority ownership in companies with proven business models, defensible market
positions, and strong growth potential.       Areas of focus include business services,
manufacturing, healthcare and communications. Nautic is currently investing its most
recent fund, Nautic Partners VI, which closed in June 2008. For more information visit

About FleetCor

FleetCor (, The Global Fleet Card Company, is the worldwide leader
in managing and processing commercial fuel cards, which save businesses money on
their fuel purchases while bringing incremental business to fuel merchants. FleetCor
serves over 750,000 businesses with its fleet card programs in North America, Europe,
Asia and Africa. FleetCor’s card programs are marketed under a variety of brand names
including: CCS, CFN, FleetNet, Fuelman, The Fuelcard Company, Keyfuels, Mannatec
and Smart. FleetCor and its subsidiaries employ more than 1,000 associates located in 15
offices globally. FleetCor is privately owned by management, and a group of institutional
private equity investors including Bain Capital, Summit Partners, and Advent

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