ATLANTA, July 5, 2005--FleetCor, a leading provider of fleet card and related information services for business fleets and petroleum retailers, today announced it has received a $75 million equity investment from Bain Capital, a leading global private investment firm. Simultaneously, FleetCor completed a recapitalization through which it replaced its existing senior credit facility with a $130 million term loan and a $30 million revolving facility raised by JP Morgan Chase Bank, N.A. and PNC Bank, National Association. As part of the transaction, FleetCor’s largest shareholder, Summit Partners, together with Bain Capital, have acquired a majority interest in the company.

The company intends to use the proceeds from the recapitalization to replace its existing indebtedness, launch a new private label fleet card program with BP, finance a partial redemption of shares from existing shareholders, and to pursue additional acquisitions of related businesses.

FleetCor is one of the leading providers of fleet cards, which are specialty credit cards used for fuel purchases. This technology provides corporate and government fleet managers with controls that prevent unauthorized purchases, and specialized reporting features that reduce overall fueling costs. FleetCor also provides turn-key, private-label card processing services to petroleum retailers and major oil companies looking to offer their commercial customers fleet card programs.

"I am personally delighted to welcome Bain Capital to the company,” said Ron Clarke, Chairman and Chief Executive Officer of FleetCor. “Bain brings an expertise in growth financing that will be particularly important in FleetCor’s on going development. Bain’s investment, along with the unused credit facilities, provides an incredibly strong capital base with which we can more aggressively pursue acquisitions in the commercial card and broader processing space.”

"FleetCor is an attractive investment with a strong position in a niche market with substantial barriers to entry, a unique business model, and outstanding growth prospects," said Andrew Balson, a Managing Director at Bain Capital. "The management team has demonstrated an ability to creatively expand the business and help its customers better manage the productivity of their mobile workforce through a strong local sales and service presence. We look forward to working with Summit Partners, the other existing investors, and management to help the company realize its potential through organic growth as well as further strategic acquisitions."

“Ron Clarke and his team have done a fantastic job growing FleetCor into the leading provider of fleet card services,” added John Carroll, a Partner at Summit Partners. “FleetCor has proven its ability to deliver since our initial investment in 2002, and Summit looks forward to our continuing relationship. We are very enthusiastic about the addition of Bain Capital as a major investor in the business, as we believe Bain's resources and experience will be significant assets to FleetCor.”

About FleetCor, The Fleet Card Company
FleetCor (www.fleetcor.com), established in 2000 in Atlanta, is one of the leading providers of commercial fleet card issuing and processing services in North America. FleetCor’s clients include government and commercial fleet operators, petroleum marketers and major oil companies. FleetCor and its subsidiaries currently employ over 400 associates located in 20 offices, processing 145 million transactions for over 500,000 fleet clients.

About Summit Partners
Summit Partners (www.summitpartners.com) is a leading global private equity and venture capital firm, with offices in Boston, Palo Alto, and London. Formed in 1984, the firm has raised nearly $9 billion in private equity, venture capital, and subordinated funds. Summit Partners has provided growth equity capital to 270 companies, which have completed more than 100 public offerings and in excess of 100 strategic mergers or sales. Summit Partners seeks out outstanding management teams that have self-financed their companies to profitability and market leadership in a broad range of industries.

About Bain Capital
Bain Capital (www.baincapital.com) is a global private investment firm that manages several pools of capital including private equity, high-yield assets, mezzanine capital, venture capital and public equity with more than $26 billion in assets under management. Since its inception in 1984, Bain Capital has made private equity investments and add-on acquisitions in over 230 companies in a variety of industries including such technology companies as UGS PLM, TeamSystem, DoubleClick and Ameritrade. Headquartered in Boston, Bain Capital has offices in New York, London, and Munich.

Contacts For Further Information

For FleetCor
Eric Dey, CFO
678.966.5562
edey@fleetcor.com

For Summit Partners
Joan Miller
617.824.1047
jmiller@summitpartners.com

For Bain Capital
Alex Stanton
Stanton Crenshaw Communications
212.780.1900
alex@stantoncrenshaw.com