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American Capital exited its investment in Nancy's Specialty Foods in the third quarter of 2004.

American Capital Receives Proceeds of $31 Million from Three Exits

Bethesda, MD – September 10, 2004 – American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has received prepayments of debt investments of $25 million by two portfolio companies, realizing $1.2 million in gains. American Capital also announced that it has completely exited another portfolio company, receiving $6 million in repayments and realizing a $7.3 million loss on its investment, which had previously been depreciated and on non-accrual status. [more...]

American Capital Invests $15 Million in Leading National Producer of Frozen Appetizers and Specialty Entres

Bethesda, MD – September 24, 2003 – American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $15 million in Nancy's Specialty Foods, a leading producer of frozen gourmet quiche entres, appetizers and desserts. American Capital's investment takes the form of senior subordinated debt and supports the recapitalization of Nancy's by Kohlberg & Co. GE Capital provided a revolving credit facility and senior term loan. Management, together with Kohlberg & Co., will retain their majority ownership position in the Company. [more...]

Cooking Up a Storm With Nancy's

A leading producer of gourmet frozen treats, Nancy Mueller founded Nancy's Specialty Foods in 1977 when she wanted to capitalize on her personal success in creating delicious appetizers for family and friends at her celebrated parties. Today, Nancy's is the largest producer of frozen quiche products in the United States. Once a one woman operation serving the San Francisco Bay Area, Nancy's savory specialties are now produced by over 300 employees and are served at parties nationwide. Nancy's web site, a.k.a. "Party Planning Headquarters," is replete with sample menus, a party planning checklist, and a downloadable party planning guide. [more...]