AIC Ventures Completes Sale Leaseback Financing with FlexSol Packaging Corp.

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Thu Apr 10, 2008 3:37pm EDT

AUSTIN, Texas--(Business Wire)--
AIC Ventures announced today that it has completed two sale
leaseback transactions with FlexSol Packaging Corporation. The company
is a leading designer and manufacturer of flexible packaging and
value-added plastic films for use in a wide range of applications
within the food and beverage, medical and industrial markets. The
transactions included assets in Nashville, Tennessee and Statesville,
NC, with facilities encompassing 182,600 square feet of manufacturing
and office space. AIC Ventures' real estate fund, NL Ventures VI,
through an affiliate, acquired the properties and simultaneously
entered into long term absolute net leases with FlexSol.

   "AIC manages a very well oiled machine," said Dave Schaefer, CFO
of FlexSol Packaging. "We closed two separate, complex and
time-sensitive transactions within 30 days. They have an extremely
professional and efficient team which completes every phase of the
closing process with absolutely no surprises. AIC met our value
expectations with regard to the real estate and did everything they
committed to, and for those reasons, I would highly recommend them to
anyone looking for a unique and feasible financing option."

   David Steinwedell, Managing Acquisitions Partner of AIC Ventures,
noted that "FlexSol is a strong company which brings additional
diversity to our portfolio. This opportunity allowed us to demonstrate
key strengths such as our ability to meet clients' strict timeframes
and our flexibility in working with multiple parties, including the
company's real estate brokers at CB Richard Ellis. Our firm has
complete discretion over our acquisition capital so we can confidently
commit to closing deals without the need for appraisals or financing
contingencies. We are pleased to have met the tenant company's need
for capital."

   AIC Ventures is a leading provider of capital to middle-market
companies. With over $720 million in completed transactions, AIC
Ventures structures innovative corporate finance solutions for
companies facing limited, short-term or expensive alternatives for
capital. The company has closed more than 85 transactions nationwide.
Whether sellers need to close quickly, have private equity interests,
environmental or other challenges, AIC Ventures can help. For more
information, please visit www.AICVentures.com.

   Those interested in receiving future updates on AIC Ventures via
e-mail can register at www.aicventuresmedia.com.

AIC Ventures, Austin
Dave Robshaw, 512-334-4662
davidrobshaw@aicventures.com
or
Monica Ghioc, 512-382-8918
monicaghioc@aicventures.com

Copyright Business Wire 2008
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