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American Capital exited its investment in Academy Event Services, LLC in the first quarter of 2004.

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American Capital Invests $27 Million in Special Events Industry Leader

Bethesda, MD – October 3, 2002 – American Capital Strategies Ltd. announced today it has invested $27 million in Academy Events Services LLC (Academy), one of the largest tent manufacturers, and a leading tent and accessories lessor for the special events equipment rental market. American Capital's investment takes the form of a revolving loan facility, senior term loans, a senior subordinated loan with warrants, and preferred and common stock. Cambridge Capital Partners is the equity sponsor, and management is also investing in the equity. The transaction combines the assets of Academy Tent & Canvas Inc. and Event Technical Services Inc. [more...]