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American Capital exited its investment in MATCOM International Corporation in the first quarter of 2004.

American Capital Realizes 24% Return on Investment in MATCOM

Bethesda, MD – February 5, 2004 – American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that it has completely exited its investment in MATCOM International Corporation. The exit results from the sale of MATCOM to SI International Inc. (Nasdaq: SINT), an information technology, network solutions, and systems engineering (IT) company. American Capital received a total of $15 million from the transaction to repay its senior debt and subordinated debt and purchase its common stock warrants, resulting in a $0.6 million realized gain and a 24% compounded annual rate of return on its investment. The 24% return includes the $0.6 million realized gain and the interest and fees received over the life of American Capital's investment in the company. The amount realized by American Capital exceeded the third quarter 2003 valuation of the investment by $0.6 million. [more...]

American Capital Invests $15 Million in Defense Contractor

Bethesda, MD – December 2, 2002 – American Capital Strategies Ltd. announced today it has invested $15 million in MATCOM International Corporation ("MATCOM"), a defense contractor and provider of IT and engineering services to various military and civilian agencies of the Federal Government, including the newly formed Department of Homeland Security. Proceeds from American Capital's investment were used to support a strategic add-on acquisition and to refinance a portion of MATCOM's existing debt. American Capital provided senior secured and senior secured subordinated financing, while Citizens Bank, N.A. remained as MATCOM's revolving credit facility provider. The shareholders of MATCOM include DFW Capital Partners, Westbury Equity Partners, and the management of MATCOM. Former shareholders of the acquired company retained an equity interest in the combined company. [more...]