BETHESDA, Md., July 24, 2014 /PRNewswire/ --
"American Capital has held an investment in Tensar for almost fourteen years, and in that time supported the company through multiple owners, add-on acquisitions, refinancings and growth financings," said Douglas Kelley, Managing Director, Sponsor Finance. "Our experience with Tensar is testament to the long-term and flexible capital solutions that American Capital's Sponsor Finance Group can bring to bear for its clients across market cycles."
American Capital first invested in Tensar in December 2000 in support of the acquisition of Tensar by KRG Capital Partners. In October 2005, American Capital invested $104 million of senior second lien debt and junior subordinated debt to support the acquisition of Tensar by Arcapita. For more information on American Capital's investment in Tensar, visit: www.americancapital.com/our-portfolio/tensar-corporation.
Tensar is a full-service provider of specialty products and engineering services used for site development of commercial, residential, industrial and municipal properties as well as in transportation and environmental infrastructure. Tensar specializes in site development solutions for common earthwork problems such as grade changes requiring retaining walls and poor foundation or soil conditions affecting the cost of roadways, parking lots or buildings.
Since American Capital's 1997 IPO through the first quarter of 2014, it has earned a 10% compounded annual return, including interest, dividends, fees and net gains, on over 370 realizations of senior debt, subordinated debt, equity and structured products investments, totaling $20 billion of committed capital. American Capital earned a 24% compounded annual return on the exit of its equity investments, including dividends, fees and net gains. For a chart showing a partial listing of American Capital's exited portfolio companies, please go to www.americancapital.com/our-portfolio/exited-companies.
ABOUT AMERICAN CAPITAL
American Capital, Ltd. (Nasdaq: ACAS) is a publicly traded private equity firm and global asset manager. American Capital, both directly and through its asset management business, originates, underwrites and manages investments in middle market private equity, leveraged finance, real estate, energy & infrastructure and structured products. American Capital manages $19 billion of assets, including assets on its balance sheet and fee earning assets under management by affiliated managers, with $84 billion of total assets under management (including levered assets). Through an affiliate, American Capital manages publicly traded
This press release contains forward-looking statements. The statements regarding expected results of American Capital are subject to various factors and uncertainties, including the uncertainties associated with the timing of transaction closings, changes in interest rates, availability of transactions, changes in regional, national or international economic conditions, or changes in the conditions of the industries in which American Capital has made investments.
Douglas Kelley, Managing Director, Sponsor Finance
SOURCE American Capital, Ltd.