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American Capital's Sponsor Finance Group Invests Over $325 Million In 18 Companies In 2013

BETHESDA, Md., Feb. 12, 2014 /PRNewswire/ -- American Capital, Ltd. (Nasdaq: ACAS) ("American Capital" or the "Company") announced today that in 2013 it, along with its affiliate European Capital Limited ("European Capital"), invested over $325 million in 18 new and existing portfolio companies.  These investments were led by American Capital's offices in the United States and Europe and were made in support of leading private equity firms' company buyouts, refinancings, add-on acquisitions, dividend recapitalizations and growth opportunities.

"In 2013, our Sponsor Finance Group utilized our efficient transaction execution abilities, competitive pricing and terms and flexible, wide-ranging financing capabilities to invest in attractive middle market companies, both directly with private equity sponsors and by participating in syndicated first and second lien term loans," said Adam Spence, Managing Director, American Capital.  "We are proud to have been the lender of choice for these acquisitions, capital structure refinancings, dividend recapitalizations and corporate growth initiatives and look forward to using these relationships to help facilitate transactions in the future."

"Our Sponsor Finance Group, comprised of experienced investment professionals in the United States and Europe, is a dedicated, standalone group exclusively focused on providing capital, including senior, mezzanine, second lien, unitranche and equity, to the financial sponsor community," said Bowen Diehl, Managing Director, American Capital.  "As we review investment opportunities in the pipeline for 2014, we are prepared to aggressively put our capital to work in new companies and deepen existing relationships, as well as create new partnerships within the community."

"In 2013, 30 deals with enterprise values higher than €50 million were closed with unitranche financing in Europe, confirming that the private debt arranged by non-banking lenders has been growing strongly in Europe over the last twelve months just like it has in the US for over 20 years," said Tristan Parisot, Managing Director, European Capital Financial Services Limited.  "American Capital and European Capital's ability to support global businesses in their development both in North America and Europe is a unique value proposition highly recognized by the sponsors and management teams with which we work."

A summary of selected transactions is outlined below.  

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