BETHESDA, Md., Sept. 16 /PRNewswire/ -- American Capital (Nasdaq:ACAS) announced today the opening of its office in Dallas, Texas and the hiring of Darin Winn as Principal to head up the office. This marks the fifth new Principal hired by American Capital since its IPO in August of last year. The Dallas office marks the seventh office for American Capital.
Mr. Winn came to American Capital from Stratford Capital Partners, L.P., a $130 million equity fund targeting middle market growth capital and buyout opportunities that is controlled by Hicks, Muse, Tate & Furst Inc., a Dallas- based buyout fund that has in excess of $8 billion under management. At Stratford Capital, Mr. Winn was involved in seventeen transactions totaling more than $60 million in equity and mezzanine financing. Prior to Stratford Capital, Mr. Winn was a member of GE Capital's Southwest Corporate Finance Group where he focused on transactions involving senior debt financing opportunities. While at GE, Mr. Winn was involved in total financings in excess of $1.4 billion. Prior to GE, Mr. Winn was a member of Dean Witter Reynolds' Southwest Corporate Finance Group and gained experience in mergers and acquisitions, leveraged buyouts, corporate restructurings, and public offerings and private placements of both debt and equity.
Malon Wilkus, President and CEO commented, ``American Capital continues to lay the groundwork for additional growth by opening new offices to expand our reach and ability to place our capital in quality middle-market companies. The Southwest region is rich in growing businesses seeking the types of financing opportunities American Capital can provide as a buyout and specialty finance company. Darin is a seasoned veteran with ten years of experience and is a great addition to our team. We believe this is the beginning of a much larger presence in the Southwest.''
Vice Chairman David Gladstone stated, ``Mr. Winn brings to American Capital considerable buyout and equity investment experience with strong connections to the Southwest market. We continue to build a strong team with unique skills and expertise that add to the overall composition and diversity of our staff. We welcome Mr. Winn to the American Capital team.''
Darin Winn can be reached at 214-665-9526. The Dallas office is located at: 2626 Cole Avenue, Suite 400, Dallas, Texas, 75204. The fax number is 214-665-9528.
American Capital is a buyout and specialty finance company with capital resources exceeding $150 million. American Capital invests $1 to $20 million in the form of senior debt, subordinated debt and equity to middle market companies in need of capital for growth, acquisitions, employee buyouts, management buyouts, liquidity and restructurings. Companies interested in learning more about American Capital and its unique and flexible financing should contact John Hoffmire, Vice President of Marketing, at 781-862-4447 or visit the ACAS website.
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The statements regarding expected results of American Capital Strategies are subject to various factors and uncertainties, including the uncertainties associated with the timing of transaction closings, changes in interest rates, availability of transaction, changes in regional or national economic conditions, or changes in the condition of the industry in which American Capital has made an investment.
