OUR PORTFOLIO

American Capital Invests $22 Million in Acquisition of Portfolio Company Jones Stephens

Bethesda, MD - December 7, 2006 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that in the third quarter it invested $22 million to support the acquisition of its portfolio company Jones Stephens Corp. by an affiliate of Cortec Group Fund IV L.P. (“Cortec Group”). Jones Stephens is a leading designer, assembler and distributor of specialty plumbing components. American Capital’s investment takes the form of senior and junior subordinated debt. Jones Stephens’ management invested in the Company’s equity.  [more...]

American Capital Provides Details of $46 Million of Total Net Realized Gains in Third Quarter

Bethesda, MD –-December 7, 2006 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today the details of $46 million of total net realized gains it recognized from portfolio investments in the third quarter of 2006.  Included in this amount were net realized gains of $106 million from the complete or substantial exit of 13 portfolio companies for total proceeds of $494 million. [more...]

American Capital Invests $35 Million in Buyout of Leading Specialty Plumbing Designer, Distributor
Bethesda, MD - November 4, 2003 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $35 million in the buyout of Jones Stephens Corp., a leading designer, brander and distributor of specialty plumbing components. American Capital's investment takes the form of subordinated debt and preferred and common equity. Union Bank of California N.A. and Antares Capital Corporation are providing senior debt financing. Jones Stephens' founders will continue to have a significant ownership stake in the enterprise. [more...]

Jones Stephens Adds Value, Right Down to the Kitchen Sink
Jones Stephens Corporation, based in Moody, AL, is a leading designer, supplier, assembler and distributor of specialty plumbing components. The company offers the most extensive product line in the industry with some 9,400 individual units - nearly five times the number offered by competitors. Design improvements are continually incorporated into new and existing products, resulting in some 400 to 500 new product introductions every year. The company's wholesale, retail and OEM customers have come to rely on Jones Stephens for its national distribution network and superior customer service. As a result, Jones Stephens has been consistently profitable over the past decade. [more...]