OUR PORTFOLIO

American Capital exited its investment in HomeAway in the third quarter of 2009.

Visit HomeAway.com

American Capital Receives $15 Million in Proceeds from Sale of Equity in HomeAway, Realizes $4 Million Gain

Bethesda, MD – October 15, 2009 –  American Capital Ltd. (Nasdaq: ACAS) announced today that on September 3, it completed the sale of its remaining equity investments in its portfolio company HomeAway Inc., fully exiting the company.  American Capital received $15 million in proceeds realizing a $4 million gain during the third quarter from the transaction.  The sale was made to a broad group of existing HomeAway investors. [more...]

American Capital Invests $11.5 Million in Portfolio Company HomeAway to Support Growth and Additional Add-On Acquisition

Bethesda, MD – October 2, 2007 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that on August 27 it invested an additional $11.5 million in its portfolio company HomeAway Inc. to support HomeAway’s continued growth, which includes the recent acquisition of Owners Direct Holiday Rentals, an online vacation rental listing marketplace based in the U.K.  With the acquisition of Owners Direct, HomeAway strengthens its market position as the world leader in online “for-rent-by-owner” vacation home rentals.  American Capital’s investment took the form of a senior term unirate loan. [more...]

American Capital Invests $74.5 Million in HomeAway

American Capital Strategies Ltd. (Nasdaq: ACAS) announced today that it and an affiliate have invested $74.5 million in HomeAway Inc., the world leader in online “for-rent-by-owner” vacation home rentals.  American Capital’s one stop financing solution supported HomeAway’s acquisition of VRBO.com, also an online vacation rental marketplace with more than 65,000 paid property listings, and Abritel.fr, the leading French online vacation rental site, which represented nearly 30,000 paid property listings in 2006.  American Capital’s investment took the form of a senior term A unirate loan, convertible preferred equity and common equity.  American Capital Equity Fund I LLC (“ACE”), a fund managed by American Capital, provided 30% of the American Capital equity investment. HomeAway’s original investors, Austin Ventures and Redpoint Ventures, joined new investors Trident Capital and Institutional Venture Partners in investing in convertible preferred equity. [more...]