American Capital

American Capital, Ltd.

Type	Public Business Development Company
Traded as	NASDAQ: ACAS
Industry	Financial, Private equity
Founded	1986
Headquarters	Bethesda, Maryland, United States
Key people	Malon Wilkus, CEO & Chairman
Products	closed-end fund, Leveraged buyouts, Mezzanine capital
Number of employees	392
Website	AmericanCapital.com

American Capital, Ltd. is a publicly traded private equity firm and global asset manager. American Capital, both directly and through its asset management business, originates, underwrites and manages investments in middle market private equity, leveraged finance, real estate and structured products. American Capital manages $23 billion of assets, including assets on its balance sheet and fee earning assets under management by affiliated managers, with $80 billion of total assets under management (including levered assets). Founded in 1986 and publicly traded since 1997, American Capital has eight offices in the U.S., Europe and Asia.

Through its private equity and leveraged finance business, American Capital participates in management and employee buyouts either by providing mezzanine and senior debt financing for buyouts led by private equity firms or by providing capital directly to companies through a One Stop Buyout® in which it funds senior debt, mezzanine and equity and is the controlling shareholder. American Capital and its affiliates invest from $10 million to $600 million per company in North America and €10 million to €300 million per company in Europe.

American Capital owns and manages European Capital, Ltd., a fund with €0.9 billion of assets. European Capital invests in management and employee buyouts either by providing mezzanine and senior debt financing for buyouts led by private equity firms or by providing capital directly to companies through a One Stop Buyout® in which it funds senior debt, mezzanine and equity and is the controlling shareholder.

Since its 1997 IPO through September 2015, American Capital has invested $37 billion in over 730 companies, including well-known companies such as AAMCO, Bumble Bee Seafoods, Bushnell Outdoor Products, Camelbak, Euro-Pro, Evenflo Company, Gibson Guitars, Piper Aircraft, Riddell and Rug Doctor.^[1]

Through its asset management business, American Capital manages seven private funds and three public funds that invests in buyouts, real estate and other leveraged finance products. Its three publicly traded funds include American Capital Agency Corp. (NASDAQ: AGNC), American Capital Mortgage Investment Corp. (NASDAQ: MTGE) and American Capital Senior Floating, Ltd. (NASDAQ: ACSF).

American Capital has eight offices in New York, Boston, Chicago, Annapolis, London, Paris and Signapore, with its home office in Bethesda, MD.

References

External links

• American Capital Q1 2013 Shareholder Presentation
• American Capital Website
• European Capital Website
• American Capital Agency Website
• American Capital Mortgage Website
• American Capital Senior Floating Website
• American Capital Energy & Infrastructure

Private equity and venture capital
Basic investment types	Buyout Venture Mezzanine Growth Secondaries Equity co-investment
History	History of private equity and venture capital Early history of private equity Private equity in the 1980s Private equity in the 1990s Private equity in the 2000s
Terms and concepts	Buyout Financial sponsor Management buyout Divisional buyout Buy–sell agreement Leveraged recapitalization Dividend recapitalization Venture Angel investor Business incubator Post-money valuation Pre-money valuation Seed money Startup company Venture capital financing Venture debt Venture round Structure Private equity firms and funds Limited partnership Limited liability company Carried interest Management fee Publicly traded private equity Business Development Company Venture capital trust Private investment in public equity (PIPE) Pledge fund
Investors	Corporations Institutional investors Pension funds Insurance companies Fund of funds Endowments Foundations Investment banks Merchant banks Commercial banks High-net-worth individuals Family offices Sovereign wealth funds Crowdfunding
Related financial terms	AUM Cap table Capital call Capital commitment Capital structure Distribution waterfall EBITDA Envy ratio High-yield debt IPO IRR Leverage Liquidation preference M&A PME Taxation of private equity and hedge funds Undercapitalization Vintage year
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