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American Capital Invests $188 Million in Buyout of Potpourri Group

Bethesda, MD – June 21, 2005 – American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $188 million in the buyout of Potpourri Group Inc. ("PGI"), a multi-title catalog company offering a broad product line of distinctive home décor, casual apparel, gifts and unique accessories. American Capital's investment takes the form of senior term loans, senior and junior subordinated debt and redeemable preferred and common equity. American Capital is also providing a revolving credit facility. PGI management is investing in equity and will continue to manage the Company. Post close, American Capital owns approximately 83% of PGI on a fully diluted basis. More...