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American Capital Recognizes $39 Million of Total Net Realized Gain From 9 Exits
Bethesda, MD - April 11, 2006 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that it has received total proceeds of $268 million from exits and prepayments of nine portfolio companies, realizing a total net gain of $39 million. American Capital earned a positive 48%, 31%, 32%, 25%, 22%, 15%, 18%, 17% and a negative 49% compounded annual rate of return on its exited investments in these companies, including interest, dividends and fees earned over the life of American Capital's exited investments in the companies. [more...]
ACAS Invests $16 Million in Employee Buyout of Borden Unit; Steve Walko to Be Chief Executive Officer
BETHESDA, Md., April 29, 1998 /PRNewswire/ -- American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that it has completed the previously announced buyout of Borden Decor, a leading manufacturer of decorative paper and vinyl surfacing materials used in a variety of industrial applications including commercial wallcoverings, from Borden, Inc. Sales in 1997 were approximately $105 million. The new company, to be known as Decorative Surfaces International, Inc. [more...]
Financing an Employee-owned Company - The Story of Decorative Surfaces International
The purchase of Borden Decorative Products (BDP) by American Capital Strategies (NASDAQ –ACAS) created a new company -- Decorative Surfaces International (DSI) – a top competitor in the vinyl and laminates industry. Yet, when Borden, Inc. put BDP up for sale, its future was far from certain. The company had been struggling with adversarial and acrimonious labor relations at its plant in Columbus, Ohio, and a change in environmental regulations gave its plant in St. Louis, Mo. a limited life expectancy. Added to this, a major competitor had almost purchased Borden’s plants to absorb into its own operations, and the prospect of a plant shutdown seemed a very real possibility. [more...]
American Capital Strategies Agrees to Fund Employee Buyout of Decorative Products Business From Borden
Bethesda, MD., -- American Capital Strategies Ltd. (NASDAQ Symbol: ACAS) announced today that an affiliate, "American Capital Acquisition," has signed a definitive purchase agreement to acquire the commercial and industrial decorative products business known as Borden Decor from Borden, Inc. for approximately $33 million. The transaction includes the purchase of Borden Decor’s Columbus, Ohio plant, the operating assets of Borden Decor’s St. Louis, Missouri facility and a two-year lease agreement for the St. Louis facility. The transaction is subject to certain contingencies and conditions prior to closing including American Capital Acquisition’s successful negotiation of a new labor agreement with the Borden Decor employees. [more...]
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