American Capital Nets $97 Mln From DelStar Sale

(RTTNews) - American Capital, Ltd. (ACAS) said Friday that its portfolio company DelStar, Inc., including its subsidiary DelStar Technologies, Inc., was sold to SWM International (SWM).

American Capital and its affiliated funds have received $167 million in equity proceeds, subject to post-closing adjustments, of which $97 million was received by American Capital.

American Capital's compounded annual rate of return earned on its senior debt, subordinated debt and equity investments since the fourth quarter of 2005 was 18%, including interest, dividends and fees earned over the life of its investment. American Capital received 2.6 times its equity investment, and realized a compounded annual rate of return of 19% over the life of its equity investment, including dividends and fees.