Seroyal International Inc.
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American Capital Invests $20 Million in Leading Marketer, Distributor of Branded Nutritional Supplements & Naturopathic Medicines
Bethesda, MD - January 21, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that in December 2004 it invested $20 million in Seroyal International Inc. and Seroyal USA Inc. (together, "Seroyal"), a leading marketer and distributor of branded nutritional supplements and homeopathic medicines to healthcare professionals in Canada and the U.S. American Capital's investment takes the form of a senior term loan B, senior subordinated debt and preferred and common equity and supports Bruckmann, Rosser, Sherrill & Co. LLC's ("BRS") recapitalization of Seroyal. Rosetta Raso, founder and owner of Seroyal, will continue to serve in her capacity as President and Chief Executive Officer of Seroyal. [more...] |
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