American Capital Receives $60 Million From The Sale Of Lifoam Holdings And
Generates An 11% Return On Its Investment
BETHESDA, Md., Jan. 17, 2013
BETHESDA, Md., Jan. 17, 2013 /PRNewswire/ --American Capital, Ltd. (Nasdaq:
ACAS) ("American Capital") announced today that its portfolio company Lifoam
Holdings, Inc. ("Lifoam") was sold to Jarden Corporation ("Jarden") (NYSE:
JAH) on December 31, 2012. American Capital received $60 million in debt and
equity proceeds and realized a gain of $14 million, subject to post-closing
adjustments. American Capital's compounded annual rate of return earned on
its debt and equity securities over the life of its investment was 11%,
including interest, dividends, capital gain and fees.
"American Capital's investment in Lifoam produced an attractive return for our
shareholders," said Brian Graff, American Capital Senior Vice President and
Senior Managing Director. "We continue to search for new investment
opportunities in a variety of business sectors, either as the sole investor in
a One Stop Buyout® or with a sponsor in support of a private equity buyout."
Lifoam is a manufacturer and distributor of expandable polystyrene ("EPS") and
polyurethane ("PUR") products for consumer, healthcare and commercial
applications. Lifoam's products include foam picnic coolers, reusable ice and
freeze packs and sophisticated protective and thermal packaging products.
"As a leader in each of its consumer, healthcare and commercial products
business segments, Lifoam has demonstrated consistent and strong earnings
growth even throughout the recession," said Jim Gregory, American Capital
Principal, Buyouts Group. "American Capital has been fortunate to partner
with an exceptional management team, which has driven Lifoam's growth and
successful expansion into the highly attractive healthcare cold chain
packaging market. We believe that Lifoam is a great addition to Jarden's
business and will benefit from being part of the Jarden family."
Since American Capital's 1997 IPO through the third quarter of 2012, the
company has earned a 10% compounded annual return, including interest,
dividends, fees and net gains, on over 340 realizations of senior debt,
subordinated debt, equity and structured products investments, totaling $18
billion of committed capital. American Capital earned a 27% compounded annual
return on the exit of its equity investments, including dividends, fees and
For a chart showing a partial listing of American Capital's exited portfolio
companies, please go to
ABOUT AMERICAN CAPITAL
American Capital 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 and structured products.
American Capital manages $18.6 billion of assets, including assets on its
balance sheet and fee earning assets under management by affiliated managers,
with $118 billion of total assets under management (including levered
assets). From its eight offices in the U.S. and Europe, American Capital and
its affiliate, European Capital, will consider investment opportunities from
$10 million to $750 million. For further information, please refer to
This press release contains forward-looking statements. The statements
regarding expected results of American Capital are subject to various factors
and uncertainties, including the uncertainties associated with the timing of
transaction closings, changes in interest rates, availability of transactions,
changes in regional, national or international economic conditions, or changes
in the conditions of the industries in which American Capital has made
Brian Graff, Senior Vice President and Senior Managing Director
Dustin Smith, Managing Director, Buyouts Group
Jim Gregory, Principal, Buyouts Group
SOURCE American Capital, Ltd.
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