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American Capital exited its investment in Bushnell Outdoor Products in the third quarter of 2007.

American Capital Invests $117 Million in Bushnell Performance Optics

Bethesda, MD – August 19, 2005 – American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $117 million in the senior and junior subordinated debt of Bushnell Performance Optics, a leading designer and marketer of a diversified portfolio of branded, high-performance sport optics and premium eyewear products targeting outdoor and sport enthusiasts. American Capital's investment supports Bushnell's acquisition of Michaels of Oregon Co., a leading manufacturer and marketer of accessories for the hunting, shooting sports and law enforcement industries. The combined entity will now operate as Bushnell Outdoor Products. Antares Capital Corporation leads a syndicate providing a senior credit facility. Wind Point Partners is the majority owner of Bushnell. More...

Bushnell Is Focused on Expansion

An industry leader in sports optics for over 50 years, Bushnell Performance Optics, Inc. focused on further expansion into sports equipment and acquired Michaels of Oregon, Co. in an August 19, 2005 transaction. Headquartered in Oregon City, OR, Michaels is a leading manufacturer and marketer of accessories for the hunting, shooting sports and law enforcement markets. The combination positions Overland Park, KS headquartered Bushnell as a one-stop source for sports optics and hunting accessories, offering an extensive portfolio consisting of 12 well-established brand names, 22 product lines and over 4,100 SKUs to a wide array of sports and outdoor enthusiasts and law enforcement professionals. The combined company will now operate as Bushnell Outdoor Products. More...