BETHESDA, Md., Dec. 8, 2015 /PRNewswire/ -- American Capital,
Ltd. (Nasdaq: ACAS) announced today that its portfolio company
Dynojet Research, Inc. ("Dynojet") was sold to Irving Place Capital
and New Value Capital.
Established in 1972, Dynojet is a leading manufacturer of
aftermarket performance-enhancing parts and accessories as well as
diagnostic equipment for powersports vehicles, including
motorcycles, ATVs, snowmobiles and automobiles. The company's
product offering includes fuel management solutions that optimize
engine performance and efficiency, diagnostic equipment and
ignition products and coils, which are sold globally through a
network of distributors and dealers. Dynojet is headquartered
in Las Vegas, Nevada and maintains
locations in Montana and
Holland.
"American Capital has been fortunate to partner with a strong
management team that has preserved Dynojet's leadership in the
powersports market while driving innovation and growth," said
Dustin Smith, American Capital
Managing Director.
American Capital invested in the One Stop Buyout® of Dynojet in
November 2007. American Capital's investment took the form of
a revolving credit facility, senior term loan, senior subordinated
debt and equity. For more information on American Capital's
investment in Dynojet, visit:
www.americancapital.com/our-portfolio/dynojet-research-inc.
Since American Capital's 1997 IPO through the third quarter of
2015, the company has earned a 9% compounded annual return,
including interest, dividends, fees and net gains, on approximately
515 realizations of senior debt, subordinated debt, equity and
structured products investments, totaling $25 billion of committed capital. American
Capital earned a 16% compounded annual return on the exit of its
equity investments, including dividends, fees and net gains.
For a chart showing a partial listing of American Capital's
exited portfolio companies, please go to
http://www.americancapital.com/our-portfolio/exited-companies.
ABOUT AMERICAN CAPITAL
American Capital, Ltd. (Nasdaq:
ACAS) is a publicly traded private equity firm and global asset
manager. American Capital, both directly and through its asset
management business, originates, underwrites and manages
investments in middle market private equity, leveraged finance,
real estate, energy & infrastructure and structured products.
American Capital manages $23 billion
of assets, including assets on its balance sheet and fee earning
assets under management by affiliated managers, with $80 billion of total assets under management
(including levered assets). Through a wholly-owned affiliate,
American Capital manages publicly traded American Capital Agency
Corp. (Nasdaq: AGNC), American Capital Mortgage Investment Corp.
(Nasdaq: MTGE) and American Capital Senior Floating, Ltd. (Nasdaq:
ACSF) with approximately $10 billion
of total net book value. From its eight offices in the U.S.,
Europe and Asia, American Capital and its wholly-owned
affiliate, European Capital, will consider investment opportunities
from $10 million to $600 million. For
further information, please refer to www.AmericanCapital.com.
Contact:
Dustin Smith, Managing Director
(212) 213-2009
Media Relations (301) 968-9400
Investor Relations (301) 951-5917
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SOURCE American Capital, Ltd.