T-NETIX, Inc.
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American Capital Receives Proceeds of $59 Million from Five Exits, Earning 18% to 46% Annual Returns
Bethesda, MD - October 29, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has received proceeds of $59 million from the partial or full exits of five portfolio companies, resulting in a net realized loss on these investments of $0.3 million during the third quarter of 2004 and earning 18%, 20%, 39%, 42% and 46% compounded annual returns on these investments, including all fees, interest and principal received over the life of American Capital's investments in these companies. [more...]
American Capital Invests $27 Million in T-NETIX
Bethesda, MD - March 10, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $27 million to support the acquisition of T-NETIX Inc., a leading provider of telecommunications products and services to correctional facilities. American Capital's investment takes the form of senior and junior subordinated debt and common equity, and supports the acquisition of T-NETIX by H.I.G. Capital in a going private transaction. Dymas Capital Management provided a revolving credit facility and senior term loans. [more...] |
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