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American Capital exited its investment in Corporate Benefit Services of America in the fourth quarter of 2006.

American Capital Invests $23 Million in Leading Designer and Third Party Administrator of Healthcare Benefit Plans
Bethesda, MD - July 14, 2003 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $23 million in Corporate Benefit Services of America Inc. ("CBSA"), a leading full-service third party manager and administrator of employee healthcare benefit plans. American Capital's investment takes the form of a last out Term C senior loan and senior subordinated debt with warrants and supports the buyout of CBSA by Churchill Equity and ESOP Capital Partners from Code Hennessy & Simmons LLC. CBSA management is jointly investing in common equity. [more...]