OUR PORTFOLIO
American Capital Portfolio Companies
TestAmerica Holdings, Inc.
Bethesda, MD - January 25, 2007 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that in the fourth quarter of 2006 it and an affiliate invested $255 million in TestAmerica Holdings Inc., the second largest operator of environmental testing laboratories in the United States. The investment supported TestAmerica’s combination with Severn Trent Laboratories (STL), a division of Severn Trent plc and the largest operator of environmental testing laboratories in the United States. American Capital’s one stop financing took the form of a senior term loans, senior subordinated debt and preferred equit. American Capital is also providing a revolving credit facility. American Capital Equity Fund I LLC (“ACE”), a fund managed by American Capital, provided 30% of the American Capital equity investment. H.I.G. Capital LLC is the majority owner of TestAmerica-STL. [more...]
