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American Capital Invests $16 Million in Wausau Financial Systems

Bethesda, MD - February 4, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $16 million in Wausau Financial Systems, a leading provider of fully-bundled software and hardware technology solutions for remittance and check processing. American Capital's investment takes the form of senior subordinated debt and equity and supports Frontenac Company's acquisition of Wausau and Wausau's primary licensed software developer, Kyris Image Software Inc. Wells Fargo Foothill is investing in senior term debt and is providing a revolving credit facility. Frontenac CEO1st executive Joseph Delgadillo is Wausau's incoming CEO. He is investing in the equity and, along with Wausau senior management, is participating in an option pool. More...