Edgeview Partners, a CIT company, today announced that PaR Systems, Inc., a developer, manufacturer and integrator of highly specialized automation and material handling systems, was acquired by London-based MML Capital Partners. Edgeview was retained by PaR Systems to serve as its exclusive financial adviser during the transaction. Since 2002, PaR Systems has been a portfolio company of American Capital Ltd. (Nasdaq: ACAS) of Bethesda, Md. Terms of the transaction were not disclosed.

"PaR’s strong performance during the acquisition process ensured a superior result and confirms that MML is adding a high-quality asset to its portfolio," said Edgeview Managing Director Bill Morrissett. "This is the third transaction on which we have advised American Capital and we are pleased with another great outcome."

"Edgeview's level of professionalism has been evident from start to finish in every transaction they have advised us on,” said David Ehrenfest Steinglass, Managing Director at American Capital Ltd. “The underpinning of their approach is to staff senior people with a commitment and engagement level rarely seen in a professional services firm.”

Securities and investment banking services were provided through CIT Capital Securities LLC, an affiliate of Edgeview Partners.

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About PaR Systems

PaR Systems’ corporate headquarters and Robotics division is located in Shoreview, Minnesota, with manufacturing facilities in Shoreview and Brunswick, Georgia, engineering offices in Seattle, Washington and Iron Mountain, Michigan, a technology center in Ft. Worth, Texas, and sales liaison office in Shanghai, China. Founded in 1961, PaR has a rich history of providing specialized and standard automation equipment to industries that include aerospace, defense, energy, food and beverage, government, hazardous material management, industrial manufacturing, life sciences, medical manufacturing, marine, semi-conductor, and other specialized markets. For more information, visit www.par.com.

About MML Capital Partners

MML is an independent investment firm, with over US$2 billion invested across 11 countries over the past 20 years. It provides capital to businesses for expansion/acquisitions, recapitalizations, and leveraged and management buy-outs. Mezzanine Management recently changed its name to MML Capital Partners, and has offices in London, Paris, Frankfurt, and Stamford, Connecticut (USA), and affiliated Central European funds with offices in Vienna, Budapest, Warsaw and Bucharest. www.mmlcapital.com

About Edgeview Partners

Edgeview Partners is a leading investment bank focused exclusively on the middle market. Edgeview has closed deals in over 15 industry sectors, including aerospace and defense, building products, business services, consumer products, diversified manufacturing, energy services, health care, and transportation and logistics. Edgeview is part of CIT, a leading provider of finance solutions for companies throughout the middle market. www.edgeviewpartners.com

About CIT

CIT (NYSE: CIT) is a global commercial finance company that provides financial products and advisory services to more than one million customers in over 50 countries across 30 industries. A leader in middle market financing, CIT has more than $70 billion in managed assets and provides financial solutions for more than half of the Fortune 1000. A member of the S&P 500 and Fortune 500, it maintains leading positions in asset-based, cash flow and Small Business Administration lending, equipment leasing, vendor financing and factoring. The CIT brand platform, Capital Redefined, articulates its value proposition of providing its customers with the relationship, intellectual and financial capital to yield infinite possibilities. Founded in 1908, CIT is celebrating its Centennial throughout 2008. www.cit.com

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