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American Capital Receives Proceeds of $59 Million from Five Exits, Earning 18% to 46% Annual Returns
Bethesda, MD - October 29, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has received proceeds of $59 million from the partial or full exits of five portfolio companies, resulting in a net realized loss on these investments of $0.3 million during the third quarter of 2004 and earning 18%, 20%, 39%, 42% and 46% compounded annual returns on these investments, including all fees, interest and principal received over the life of American Capital's investments in these companies. [more...]
American Capital Invests $23 Million in Riddell Sports Group Inc.
Bethesda, MD - July 8, 2003 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that it has invested $23 million in Riddell Sports Group Inc., a leading designer, manufacturer and licensor of branded sporting goods, reconditioning services and collectibles. American Capital's investment takes the form of senior subordinated debt and equity and supports the acquisition of Riddell by Fenway Partners Inc. from Lincolnshire Management Inc. Wachovia Bank (NYSE: WB) led a revolving credit facility and senior term loan. [more...]
Riddell Scores a Touchdown
Riddell Sports Group, Inc. is a leading designer, manufacturer and licensor of branded sporting goods. The company manufactures the official helmet of the National Football League and is also the top supplier of helmets to collegiate, high school and youth leagues. The Chicago-based company also provides helmet reconditioning services nationwide and has created a growing market for its branded athletic equipment such as shoulder pads, uniforms, and practice wear. The company's reputation for product quality, safety and innovation has earned Riddell a leading share in its primary markets. Its licensing agreements help ensure wide exposure of the Riddell name and position the company for future growth. [more...] |
