Future Food LP
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American Capital Invests $43 Million in Buyout of Leading Producer & Marketer of Refrigerated Dips, Spreads & Seafood Salads
Bethesda, MD - July 27, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $43 million in the buyout of Future Food LP, a producer and marketer of refrigerated dips, spreads and seafood salads, from Transition Capital Partners and Private Equity Partners. American Capital's investment takes the form of a senior term loan, senior and junior subordinated debt with warrants and common partnership interests. Texas Capital Bank, a subsidiary of Texas Capital Bancshares (Nasdaq: TCBI), is providing a revolving credit facility and a senior term loan. Future Food management is also investing in the common stock. American Capital owns approximately 99% of Future Food on a fully diluted basis. [more...] |
