Bethesda, MD. -- American Capital (Nasdaq:ACAS) announced today that it has invested $6.6 million to fund the management buyout of The Lion Brewery, Inc. Additional financing was provided by PNC Bank, N.A. The management team was represented by Mellon Financial Markets, Inc.
Principal Joseph Bute remarked, "Lion Brewery will fit in well with our current portfolio of companies, while extending its diversification. It has a terrific product line and a dynamic management team. Lion has also made significant investments to modernize its production process."
American Capital Chairman and CEO Malon Wilkus commented, "This marks the first time American Capital has taken a public company private. We look forward to working with the seasoned management of the brewery and adding The Lion to our portfolio. This also marks our first transaction of the year and quarter. We are off to a good beginning."
Click here to learn more about American Capital's Lion Brewery transaction.
American Capital is a buyout and specialty finance company with capital resources exceeding $190 million. American Capital invests $3 to $20 million in the form of senior debt, subordinated debt and equity to middle market companies in need of capital for growth, acquisitions, ESOP buyouts, management buyouts, liquidity and restructurings. Companies interested in learning more about American Capital and its unique and flexible financing should contact John Hoffmire, Vice President of Sales and Marketing, at 781-862-4447 or visit its website at www.American-Capital.com or its shareholder site at www.acas1.com.
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The statements regarding expected results of American Capital are subject to various factors and uncertainties, including the uncertainties associated with the timing of transaction closings and national economic trends.
