OUR PORTFOLIO

American Capital exited its investment in NPC, Inc. in the second quarter of 2008.

American Capital Invests $30 Million in Buyout of NPC

Bethesda, MD - June 24, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $30 million in the buyout of NPC Inc., the leading designer and manufacturer of flexible, rubber pipe-to-manhole connectors for sanitary sewer, stormwater and drainage systems. American Capital's investment takes the form of a senior term C loan, senior subordinated debt and equity. American Capital is also providing a revolving credit facility. NPC management is investing in equity alongside American Capital. Post close, American Capital owns approximately 89% of NPC, on a fully diluted basis. More...