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Scientific Protein Laboratories LLC
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| American Capital Invests in One Stop Buyout™ of Scientific Protein Laboratories Bethesda, MD - August 18, 2006 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested in the One Stop Buyout™ of Scientific Protein Laboratories LLC (SPL), a leading global independent manufacturer and supplier of biologic active pharmaceutical ingredients (APIs). American Capital's investment takes the form of a senior term A loan, a senior second lien loan, senior and junior subordinated debt and equity. American Capital is also providing a revolving credit facility. SPL management is also investing in equity. Post close, American Capital owns approximately 87% of the Company on a fully diluted basis. SPL was previously owned by Arsenal Capital Partners, SPL management and other investors. [more...] |


