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American Capital Invests $29 Million in Buyout of The Algoma Group

Bethesda, MD - April 18, 2006 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $29 million in the buyout of The Algoma Group. The Algoma Group is a manufacturer and distributor of high-end customized architectural wood doors for the commercial and institutional building markets. American Capital's investment takes the form of a senior term loan, senior subordinated debt and convertible preferred equity. American Capital is also providing a revolving credit facility. Industrial Opportunity Partners ("IOP"), a co-sponsor of the buyout, is investing in Algoma's convertible preferred and common equity. More...