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American Capital Achieves a Total Gain of $77 Million from Its Investment in Ranpak

Bethesda, MD – January 3, 2008 – American Capital Strategies Ltd. (Nasdaq: ACAS) announced today that it has realized a gain of $45 million from the sale of its portfolio company Ranpak Inc. to Odyssey Investment Partners LLC in the fourth quarter of 2007.  American Capital’s inception to date total realized gain on its investment in Ranpak is $77 million. [more...]

American Capital Invests $284 Million in Buyout of Ranpak Corporation

Bethesda, MD – December 14, 2005 – American Capital Strategies Ltd. (Nasdaq: ACAS) announced today it has invested $284 million in the buyout of Ranpak Corporation from First Atlantic Capital Ltd. Ranpak is a leading manufacturer and marketer of paper-based "in-the-box" protective packaging systems and materials in North America, Europe and the Pacific Rim. American Capital's investment takes the form of senior and junior subordinated debt and redeemable preferred and common equity. A syndicate led by GE Antares Capital, a unit of GE Commercial Finance, is investing in a senior term B loan and also providing a revolving credit facility. Rankpak's management team is also investing in the equity. Post close, American Capital owns approximately 85% of Ranpak, on a fully diluted basis. More...