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American Capital exited its investment in BLI Holdings in the fourth quarter of 2008.

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American Capital Is Repaid $13.4 Million, Invests $17 Million in Buyout of BLI Holdings Corporation

Bethesda, MD – October 15, 2003 – American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that control of its portfolio company, BLI Holdings Corp., has been sold by Bain Capital LLC to ClearLight Partners LLC. Investor Charles River Partners LLC will retain an equity position in BLI and all present senior managers will remain. BLI was recapitalized as part of the transaction and American Capital was repaid its original $12 million senior subordinated debt investment and $1.4 million of payment-in-kind or PIK interest notes in BLI. ClearLight selected ING Capital and Merrill Lynch Capital as well as American Capital to help finance the recapitalization of BLI, with American Capital investing $17 million in BLI senior subordinated debt in the transaction. BLI is an outsource manufacturer and packager of personal care products. [more...]

American Capital Invests $12 Million in Personal Care Products Manufacturer

Bethesda, MD – August 27, 2001 – American Capital Strategies Ltd. announced today that it has invested $12 million in BLI Holdings Corp., an outsource manufacturer and packager for the personal care products industry. American Capital’s investment took the form of senior subordinated debt and was used to refinance BLI’s existing debt. Maintaining their original investments are private equity firms Bain Capital and Charles River Capital Partners. GE Capital and ING are the senior lenders. [more...]