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American Capital Invests $98 Million In One Stop BuyoutTM of Leading Debt Collection Agency

Bethesda, MD - March 3, 2006 - American Capital Strategies Ltd. (Nasdaq: ACAS) announced today that in 2005 it invested $98 million in a One Stop BuyoutTM of Financial Asset Management Systems Inc. (FAMS), one of the leading U.S. debt collection agencies. American Capital's investment took the form of a revolving credit facility, senior term debt, senior and junior subordinated debt and equity. Jim Paxton, FAMS President and CEO, Jerry Hogan, FAMS Senior Vice President, and other key senior management personnel hold a minority equity investment. American Capital owns approximately 79% of FAMS, on a fully diluted basis. More...