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American Capital Provides One Stop Financing to Support Audax Group's Acquisition of Nivel Holdings

Bethesda, MD – December 4, 2007 – American Capital Strategies Ltd. (Nasdaq: ACAS) announced today that it provided financing for Audax Group’s acquisition of Nivel Holdings LLC, a leading designer and distributor of a broad range of aftermarket golf car replacement parts and accessories. Nivel was previously owned by Sentinel Capital Partners. American Capital's one-stop financing package takes the form of a revolving credit facility, an acquisition facility, a senior unirate loan and a common equity co-investment. More...

American Capital Invests $44 Million in Recapitalization and Add-On Acquisition For Portfolio Company Nivel

Bethesda, MD – May 12, 2006 – American Capital Strategies Ltd. (Nasdaq:ACAS) announced today today the funding of a $44 million facility for its portfolio company Nivel Parts & Manufacturing Co., a leading designer and distributor of a broad range of aftermarket golf car replacement parts and accessories. The proceeds recapitalized Nivel and supported the acquisition of Huntington Investment Corporation, doing business as Intercoastal Manufacturing Company or "IMC". IMC is also a designer and distributor of golf car replacement parts and accessories. American Capitals investment takes the form of a senior term loan and senior subordinated debt. American Capital is also providing a revolving credit facility. Sentinel Capital Partners is the majority owner of Nivel. More...

American Capital Invests $21.6 Million in Leading Distributor of Aftermarket Golf Car Replacement Parts and Accessories

Bethesda, MD – February 13, 2004 – American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $21.6 million in Nivel Parts & Manufacturing Co. ("Nivel"), the largest independent distributor of aftermarket golf car replacement parts and accessories. American Capital's investment takes the form of a revolving credit facility, senior secured term loans, junior and senior secured subordinated debt with warrants and redeemable preferred and common equity. The investment supports the acquisition of Nivel by a company controlled by Sentinel Capital Partners from KODA Enterprises Group. Nivel management is investing in redeemable preferred and common equity. Post closing, American Capital will own approximately 11% of Nivel on a fully diluted basis. More...