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American Capital exited its investment in Exstream Software in the first quarter of 2008.

American Capital Receives Total Proceeds Of $371 Million From Sale Of Exstream Software to HP, Realizes a Gain of $18 Million

Bethesda, MD – March 20, 2008 - American Capital Strategies Ltd. (Nasdaq: ACAS) announced today that it has realized a gain of $18 million and recognized total sale proceeds of $371 million in the first quarter of 2008 from the sale of its portfolio company Exstream Holdings Inc. (“Exstream”) to HP. Exstream Holdings is the parent company of Exstream Software, LLC (“Exstream Software”), a leading provider of enterprise software for the rapid design and delivery of personalized communications. [more...]

American Capital Invests $548 Million in the Recapitalization of Exstream Software

Bethesda, MD – June 28, 2007 – American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that it has invested $548 million in the recapitalization of Exstream Software LLC, a leading provider of enterprise software for the rapid design and delivery of personalized communications.  American Capital’s investment takes the form of a senior term loan, senior and junior subordinated debt and convertible preferred and common equity.  American Capital is also providing a revolving credit facility.  Exstream’s founders and other management are also making a significant investment in equity alongside American Capital, retaining more than 40% ownership of the Company on a fully diluted basis through reinvestment and a new option program.  There will be no change to the leadership or strategic direction of Exstream post-close.[more...]