American Capital Invests in ASAP - Analyst Blog
12 2월 2013 - 2:10AM
Zacks
On Friday, American Capital Ltd. (ACAS)
declared its investment of $89 million, committed in Dec 2012, in
the One Stop Buyout of ASAP Industries, LLC. The deal was conducted
by American Capital Energy and Infrastructure Group, a unit of
American Capital. The company invested in the form of senior debt,
subordinated debt and equity.
American Capital anticipates the deal to be accretive based on its
returns and expects to continue seeking new One-Stop Buyout
opportunities or supporting private equity buyout.
Based in Houma, La., ASAP leads the Gulf Coast region in providing
high-pressure flow control products world-wide for the oil and gas
industry. Additionally, the company acts as a partner for original
equipment manufacturers, oilfield service companies and equipment
rental companies throughout the U.S. Moreover, ASAP provides
products to small local operations to major oilfield services
companies and original equipment manufacturers.
Therefore, the deal with ASAP will be a strategic fit for American
Capital as the company’s portfolio of domestic mid-market
energy-related companies will be expanded and benefited from the
deep-rooted customer relations and huge organic growth
opportunities of ASAP. Notably, since the inception of American
Capital Energy and Infrastructure Group in 2005, the unit has
invested about $620 million in domestic mid-market energy-related
companies.
American Capital has the capability to provide flexible financing
solutions ranging from a variety of senior debt and uni-tranche to
mezzanine and equity co-investments. Further, the company provides
multi-currency funding with underwriting platform globally and
facilitates the growth of portfolio companies. Such benefits induce
private equity clients to consider it as an investment partner,
which in turn helps the company broaden itself.
Among peers, companies in the same industry with Zacks Rank #1
(Strong Buy) include Medallion Financial Corp.
(TAXI), ICG Group Inc. (ICGE) and KCAP
Financial Inc. (KCAP).
AMER CAP LTD (ACAS): Free Stock Analysis Report
ICG GROUP INC (ICGE): Free Stock Analysis Report
KCAP FINL INC (KCAP): Free Stock Analysis Report
MEDALLION FINL (TAXI): Free Stock Analysis Report
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