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American Capital Invests $108 Million in Paradigm Precision Holdings for Buyouts of Smith West, Palmer Manufacturing and Eurocast

Bethesda, MD – June 6, 2007 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that it and an affiliate have invested $108 million in Paradigm Precision Holdings LLC (“Paradigm”) for the One Stop Buyouts™ of Smith West Inc. (“Smith West”), Palmer Manufacturing Co. Inc. (“Palmer”) and Eurocast S.A. (“Eurocast”), leading manufacturers of precision machined aerospace engine components.  American Capital’s investment takes the form of a senior credit facility, senior secured subordinated notes and common equity. [more...]