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American Capital exited its investment in Kelly Aerospace in the second quarter of 2005.

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American Capital Invests $20 Million in Kelly Aerospace
Bethesda, MD - February 16, 2001 - American Capital Strategies Ltd. (Nasdaq: announced today it has invested $20 million in Kelly Aerospace Inc. in the form of $10 million of senior notes and $10 million of senior subordinated debt with warrants. Kelly is primarily a designer, manufacturer and marketer of turbocharger system products and electrical and fuel system components for both general aviation OEM airframe manufacturers and the general aviation aftermarket. They also manufacture related turbocharger products for the performance automotive market. They will use the investment proceeds to recapitalize outstanding debt and to complete the acquisitions of the Garrett aviation turbocharger line from Honeywell International (NYSE: HON) and Spearco Performance Products, a leading producer of intercoolers for automotive turbocharger applications. [more...]