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Stock Market & Financial Investment News

News Breaks
April 17, 2014
10:35 EDTACASAmerican Capital receives $210M from the sale of SPL Acquisition
American Capital announced that its portfolio company SPL Acquisition Corp., parent company to Scientific Protein Laboratories LLC, was sold to Shenzhen Hepalink Pharmaceutical Co. American Capital and its affiliated funds received $291M in debt and equity proceeds, including escrows and expected tax refunds, and realized a gain of $59M from the transaction, subject to post-closing adjustments. Of the total proceeds, American Capital received $210 million in debt and equity proceeds, including escrows and expected tax refunds, realizing a gain of $33M from the transaction, subject to post-closing adjustments. American Capital also recognized $33M of dividend income over the life of its investment. In addition to the proceeds received at closing, there are contingent earnout payments in the amount of $211M, which may be paid to American Capital and its affiliated funds upon SPL achieving specified milestones. American Capital's compounded annual rate of return earned on its debt and equity securities over the life of its investment was 15%, including interest, realized gains and fees.
News For ACAS From The Last 14 Days
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May 13, 2015
07:29 EDTACASUBS to hold a conference
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May 11, 2015
11:01 EDTACASAmerican Capital invests $21.5M in Electronic Warfare Associates
American Capital, Ltd. announced that it has invested $21.5M in Electronic Warfare Associates, a provider of electronic warfare, cyber security and advanced commercial test tool systems and solutions to the United States and allied-nation government agencies and commercial customers. The investment was led by American Capital Special Situations and takes the form of senior secured term loans. The investment will be used to refinance EWA's existing indebtedness and provide capital for general corporate purposes.

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