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American Capital Invests in One Stop Buyout™ of Innova Holdings

Bethesda, MD - April 10, 2006 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested in the One Stop Buyout™ of Innova Holdings Inc. and its subsidiaries Innova Electronic LP and Extel LP (collectively, "Innova"). Innova is a leading manufacturer of ruggedized printed circuit boards for the oilfield services industry and other technologies designed to operate in difficult environments. American Capital's investment takes the form of senior term debt, a CAPEX facility, senior subordinated debt and preferred and common equity. American Capital is also providing a revolving credit facility. Innova's management team is also investing in the equity of Innova. Post close, American Capital owns 56% of the Company, on a fully diluted basis, with members of Innova's management team owning the balance. More...