TRANSACTION DESCRIPTION
Lazard Middle Market led the sale of an equity interest in Electronic Transaction Consultants Corporation (ETC) to Autostrade International U.S. Holdings, Inc., a subsidiary of Atlantia S.p.A. ETC is a leading provider of comprehensive products and services that facilitate the electronic collection of roadway tolls.

TRANSACTION HIGHLIGHTS
Tim Gallagher, Founder and Managing Director of ETC, commented, “Lazard Middle Market found the ideal partner in Autostrade – one that brings growth capital and experience in international markets to ETC.”

David Baker, a Managing Director with Lazard Middle Market, stated, “This transaction provides a sound capital base upon which ETC can grow and allows ETC shareholders the opportunity to participate in the benefits of this growth.”  Jim Moskal, a Director with Lazard Middle Market, added, “With ETC’s industry transforming products, reputation for outstanding service, and installed customer base which includes some of the country’s largest toll road operators, Autostrade found the ideal platform investment to enter the U.S. market.”

THE COMPANY
Electronic Transaction Consultants Corporation is a leading toll collection solutions and services provider that delivers empowering electronic toll collection solutions through software, systems integration, consulting, maintenance, and operations services. ETC successfully delivered the system design and integration for the first all-electronic, open road tolling (“ORT”) facility in the United States; has designed and implemented technically complex 3+ ORT lanes, and created advanced solutions for high-occupancy tolling. ETC is based in Richardson, Texas.

THE INVESTOR
Autostrade International U.S. Holdings, Inc., a subsidiary of Atlantia S.p.A., engages in the construction and maintenance of toll motorways.  Its toll motorway network includes toll payments, safety, traffic control and assistance, maintenance, and information services. It provides infrastructure project design, road construction and maintenance, consulting, and other services. Autostrade is based in Rome, Italy.

ABOUT LAZARD MIDDLE MARKET
Lazard Middle Market, a division of Lazard (NYSE:LAZ), provides advice on mergers and acquisitions, restructuring and financings to the middle market. Formed in 2007 with the acquisition of Goldsmith Agio Helms, Lazard Middle Market has approximately 90 professionals in Minneapolis, New York, Chicago, Los Angeles, and Shanghai. For more information on Lazard Middle Market, please visit www.lazardmiddlemarket.com.

If you would like more information about this transaction, contact David Baker (dbaker@agio.com) at 312-928-7079 or James Moskal (jmoskal@agio.com) at 312-928-7079.

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