| Type | Public (NASDAQ: ACAS), Business Development Company |
|---|---|
| Industry | Financial, Private equity |
| Founded | 1986 |
| Headquarters | Bethesda, Maryland, USA |
| Key people | Malon Wilkus, CEO & Chairman |
| Products | closed-end fund, Leveraged buyouts, Mezzanine capital |
| Revenue | US$697 Million (FY 2009)[1] |
| Net income | US$-910 Million (FY 2009)[1] |
| Total assets | US$6.67 Billion (FY 2009)[2] |
| Total equity | US$2.33 Billion (FY 2009)[2] |
| Employees | 592 |
| Website | AmericanCapital.com |
American Capital (NASDAQ: ACAS) is an alternative asset management company based in Bethesda, Maryland. Founded in 1986 and publicly traded since 1997, American Capital is the largest U.S. publicly traded private equity fund and one of the largest publicly traded alternative asset managers. American Capital operates as a Business Development Company, a form of publicly traded private equity company.
The Company provides capital to middle market companies with sales between $10 million and $750 million. American Capital, both directly and through its asset management business, originates, underwrites and manages investments in middle market private equity, leveraged finance, real estate and structured products. Historically, a majority of its financings have been to assist in the funding of change of control management buyouts.
American Capital is an equity partner in management and employee buyouts; provides mezzanine and senior debt financing for buyouts led by private equity firms; and provides capital directly to private and public companies. American Capital has the capability to provide One Stop Buyout ® services, funding senior debt, mezzanine and equity. American Capital and its affiliates invest from $5 million to $300 million per company in North America and €5 million to €25 million per company in Europe.
American Capital suffered heavily from the credit crisis in 2008. The company's stock price declined precipitously in November 2008, after the company was forced to suspend its dividends to shore up its liquidity and buy back its struggling European affiliate, European Capital.[3] Throughout much of 2009, the company attempted to avoid bankruptcy, ultimately agreeing to an out of court restructuring.[4] In June 2010, American Capital completed its debt restructuring.[5]
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