In conjunction with Ares Capital’s acquisition of American Capital, the company increased its credit facility from $2.2 billion to $3.5 billion.
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 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 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 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.
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 announced the formation of the Lower Middle Market Buyout group, led by Sean Eagle, Eugene Krichevsky, David Steinglass and Justin DuFour.
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.