ThreeSixty Sourcing Hong Kong Ltd.
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American Capital Invests $35 Million in Global Outsourcing Firm Bethesda, MD - September 28, 2001 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that it has invested $35 million in ThreeSixty Sourcing Hong Kong Limited, a leading global sourcing firm that manages the Asian sourcing for primarily U.S.-based consumer products companies. American Capital will fund a $15 million senior credit bridge facility and invest $20 million in senior subordinated debt with warrants. The equity sponsor is Brentwood Associates, a Los Angeles based private equity firm. The investment will finance the spin-off of ThreeSixty Sourcing into a stand-alone company.[more...] |
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