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American Capital exited its investment in Pasternack Enterprises in the first quarter of 2008.

American Capital Invests $89 Million in Buyout of Pasternack Enterprises

Bethesda, MD – December 28, 2004 – American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $89 million in the acquisition of Pasternack Enterprises, a manufacturer, marketer and value-added distributor of coaxial, fiber optic connectors, adaptors, cables, and other related electronic parts. American Capital's investment takes the form of senior term debt, senior and junior subordinated debt and equity. American Capital is also providing a revolving credit facility. CEO Chuck Becker, an industry veteran, is also making a significant equity investment. [more...]