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PRINTER FRIENDLY PAGE |
 
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Boston, MA - Boston Ventures announced today that CAMP Systems International LLC has entered into a definitive agreement to be acquired by Warburg Pincus. CAMP, which was founded in 1967, is the leader in maintenance tracking software for corporate aircraft which it provides to the owners and operators of more than 3,800 aircraft worldwide. CAMP is the recommended factory authorized maintenance tracking service provider for all Bombardier and Dassault business aircraft. In addition, CAMP provides services for more than 130 makes and models of business aircraft. Through its AMSTAT subsidiary, CAMP is the leading provider of market intelligence to aircraft brokers. The transaction, whose terms are not being disclosed, is subject to customary closing conditions and governmental approvals and is expected to close in early February 2005. "E.B. Chester, CAMP's Chairman, and Ken Gray, its CEO, as well as their management team have done an exceptional job in growing the company. CAMP has been an excellent investment for Boston Ventures Fund VI. Warburg Pincus is a great home for CAMP. They have a strong track record of growing software, services and information businesses," commented Vikrant Raina, a Partner at Boston Ventures. "We have been particularly interested in CAMP because it is a well-respected market-leading brand with a high quality base of very long-term customers, and we are excited about its future growth prospects," stated Mark Colodny, a Managing Director of Warburg Pincus, who will join CAMP's board along with Michael Graff, a Warburg Pincus Managing Director who previously was President and Chief Operating Officer of Bombardier Aerospace. Mr. Colodny said Warburg Pincus is backing the leadership of the current management team, and that the company will continue to operate as an independent entity headquartered in Ronkonkoma, NY. "CAMP's great strength is its team of 45 aircraft analysts who each specialize in tracking the constantly changing maintenance requirements of a specific make and model of aircraft," he said. "Boston Ventures has been a great partner to CAMP. Our business has benefited tremendously from their strategic and financial support. It was a priority for Boston Ventures to find the right match that would enable us to continue our growth and vision," commented Ken Gray, CEO and President of CAMP. The investment in CAMP is consistent with Boston Ventures' 20-year history of investing in growth-oriented media and information franchises. Allen & Company LLC and Kilpatrick Stockton LLP advised CAMP on the transaction. Willkie Farr and Gallagher advised Warburg Pincus. For more information, contact: Tim Smith at Boston Ventures (617) 350-1530
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