OUR PORTFOLIO

American Capital Invests $48 Million in Buyout of Phillips & Temro
Bethesda, MD - January 11, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that in December 2004 it invested $48 million in Phillips & Temro Industries Inc., a leading manufacturer of highly engineered cold weather starting and comfort products for the automotive and truck OEM market and aftermarket. American Capital's investment takes the form of a revolving credit facility, senior term loans and senior subordinated debt. The investment supports Morgenthaler Partners' acquisition of Phillips & Temro from TMB Industries. American Capital was also an existing investor in Phillips & Temro. [more...]

American Capital Invests $5 million in Leading Heavy-Duty Truck and Automotive Parts Supplier
Bethesda, MD - November 11, 2002 - American Capital Strategies Ltd. announced today it has invested $5 million in Phillips & Temro Holdings LLC and its wholly owned subsidiaries, a leading manufacturer of highly engineered cold weather starting and comfort products for the automotive and heavy duty truck OEM market and aftermarket. American Capital's investment takes the form of a senior secured subordinated note and is supporting the acquisition of Phillips & Temro from the Budd Company by TMB Industries, a private equity firm based in Chicago with a strong track record of investing in middle market industrial companies. LaSalle Bank N.A. provided senior term loans and a revolving credit facility. Chilmark Partners is jointly funding the equity. [more...]