JPMorgan, SunTrust, Others Lead Ares Facility Upsize to $3.5B

In conjunction with Ares Capital’s acquisition of American Capital, the company increased its credit facility from $2.2 billion to $3.5 billion.

Ares Management Acquires American Capital

Ares Management increased its total assets to $12.3 billion through its acquisition of American Capital.

Antares, American Capital Provide Unitranche to Support Kele Acquisition

Antares Capital and American Capital were co-lead arrangers of a $170 million unitranche facility to support the acquisition of Kele by Snow Phipps Group.

American Capital Invests $21.5MM in Electronic Warfare

American Capital invested $21.5 million in Electronic Warfare Associates, led by American Capital Special Situations and takes the form of senior secured term loans.

American Capital Closes $1.1B U.S. Private Equity Fund

American Capital announced it closed American Capital Equity III, its new private equity fund focused on investing in U.S. companies in the lower middle market. Coller Capital, Goldman Sachs Asset Management and StepStone Group led the investor group.

American Capital Agents Tectum Acquisition Financing

American Capital acted as lead agent and investor on a second lien financing to support the acquisition of Tectum Holdings by TA Associates. Tectum is a manufacturer of pickup truck accessories.

BofA Provides $750MM American Capital Revolver

American Capital announced the closing of a $750 million senior secured revolver, provided by Bank of America. The facility matures in June 2016.

American Capital Forms Lower Middle Market Group

American Capital announced the formation of the Lower Middle Market Buyout group, led by Sean Eagle, Eugene Krichevsky, David Steinglass and Justin DuFour.

American Capital Launches $1.1B Private Equity Fund

American Capital announced it is establishing American Capital Equity III, a new private equity fund focused on investing in companies in the lower middle market.

American Capital Commits $71MM to Support Luminator Buy

American Capital announced it committed $71 million to support the acquisition of Luminator Technology Group by Audax Group.