eLynx, Ltd.
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American Capital Invests in Add-On Acquisition for Portfolio Company eLynx Bethesda, MD - October 12, 2006 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has made an additional investment in its portfolio company eLynx Ltd. to support its acquisition of SwiftView Inc., a leading provider of electronic document distribution ("EDD") services. American Capital’s investment takes the form of a senior term B loan and redeemable preferred and common equity. [more...]

American Capital Invests $39 Million in Buyout of eLynx Bethesda, MD - December 21, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $39 million in the buyout of eLynx Ltd., the leading provider of secure electronic document delivery ("EDD") solutions to the mortgage industry. American Capital's investment takes the form of a revolving credit facility, senior term loan, senior and junior subordinated debt and redeemable preferred and common equity. eLynx management is also investing in equity. Post close, American Capital owns approximately 84% of eLynx on a fully diluted basis, with eLynx management owning the remaining balance. [more...]
eLynx, a Pioneer in Secure Paperless Transactions for the Mortgage Industry eLynx was founded in the mid-1990s in an attempt to electronically and securely handle the huge volume of paperwork needed to close mortgage transactions. The company developed the first web-based electronic document delivery (EDD) system to securely transmit mortgage documents. Founded in 1999 by the 65 Group LLC, a Cincinnati angel investor group, the company further enhanced its technology and its EDD system was soon in demand by top mortgage lenders across the U.S. [more...] |
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