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American Capital exited its investment in Directed Electronics, Inc. in the fourth quarter of 2005.

American Capital Invests $74 Million in Diversified Consumer Electronics Company
Bethesda, MD – June 18, 2004 – American Capital Strategies Ltd. (Nasdaq: ACAS) announced today it has invested $74 million in the recapitalization of Directed Electronics Inc., a diversified consumer electronics company and the world's largest designer and marketer of consumer branded vehicle security and convenience systems. American Capital's investment takes the form of senior and junior subordinated debt. Wachovia Capital Markets LLC, CIBC World Markets LLC and a senior bank syndicate are providing a senior credit facility. Company management retains an equity investment in Directed Electronics. Trivest Partners LP is majority owner. [more...]