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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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October 13, 2014
10:06 EDTACASAmerican Capital sells Unwired Holdings to Delphi Automotive for $138M
American Capital (ACAS) announced that its portfolio company Unwired Holdings, parent to Unwired Technology, was sold to Delphi Automotive (DLPH). American Capital and its affiliated fund received $176M in debt and equity proceeds and realized a gain of $70M from the transaction, subject to post-closing adjustments. Of the total proceeds, American Capital received $138M in debt and equity proceeds, realizing a gain of $53M from the transaction, subject to post-closing adjustments. American Capital's compounded annual rate of return earned on its debt and equity securities over the life of its investment was 16%, including interest, dividends, realized gains and fees. American Capital received 2.4 times its equity investment and realized a compounded annual rate of return of 17% over the life of its equity investment, including dividends, realized gains and fees.

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