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American Capital Arranges $75 Million in Recapitalization and Add-On Acquisition Financing for Portfolio Company Tanenbaum-Harber

Bethesda, MD – February 27, 2008 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that in December 2007 it arranged the $75 million recapitalization of its portfolio company Tanenbaum-Harber Co. Holdings, Inc. (“TH”), an insurance brokerage and risk management consulting firm.  The recapitalization supports the refinancing of a portion of TH’s existing debt as well as TH’s second add-on acquisition.  American Capital’s investment takes the form of a revolving credit facility, term loan and preferred and common equity.  Olympus Partners, the equity sponsor and majority owner of TH, also invested additional equity. [more...]

American Capital Invests $35 Million in Recapitalization of Tanenbaum-Harber and Thesco Benefits

Bethesda, MD - May 19, 2006 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $35 million in a holding company established for the recapitalization of Tanenbaum-Harber Co. Inc., an insurance brokerage and risk management consulting firm, and Thesco Benefits LLC, an employee benefits brokerage specialist. American Capital's investment takes the form of a senior term loan, senior subordinated debt and redeemable preferred and common equity. American Capital is also providing a revolving credit facility. Olympus Partners is the equity sponsor and the majority owner of the Company. The management teams of the combined company are also investing in the equity of the combined entity. More...