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American Capital Recognizes $39 Million of Total Net Realized Gain From 9 Exits
Bethesda, MD - April 11, 2006 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that it has received total proceeds of $268 million from exits and prepayments of nine portfolio companies, realizing a total net gain of $39 million. American Capital earned a positive 48%, 31%, 32%, 25%, 22%, 15%, 18%, 17% and a negative 49% compounded annual rate of return on its exited investments in these companies, including interest, dividends and fees earned over the life of American Capital's exited investments in the companies. [more...]
ACAS Invests $16 Million in Employee Buyout of Borden Unit; Steve Walko to Be Chief Executive Officer
BETHESDA, Md., April 29, 1998 /PRNewswire/ -- American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that it has completed the previously announced buyout of Borden Decor, a leading manufacturer of decorative paper and vinyl surfacing materials used in a variety of industrial applications including commercial wallcoverings, from Borden, Inc. Sales in 1997 were approximately $105 million. The new company, to be known as Decorative Surfaces International, Inc. [more...]
American Capital Strategies Agrees to Fund Employee Buyout of Decorative Products Business From Borden
Bethesda, MD., -- American Capital Strategies Ltd. (NASDAQ Symbol: ACAS) announced today that an affiliate, "American Capital Acquisition," has signed a definitive purchase agreement to acquire the commercial and industrial decorative products business known as Borden Decor from Borden, Inc. for approximately $33 million. The transaction includes the purchase of Borden Decor’s Columbus, Ohio plant, the operating assets of Borden Decor’s St. Louis, Missouri facility and a two-year lease agreement for the St. Louis facility. The transaction is subject to certain contingencies and conditions prior to closing including American Capital Acquisition’s successful negotiation of a new labor agreement with the Borden Decor employees. [more...]
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