BETHESDA, Md., June 20 /PRNewswire-FirstCall/ -- American Capital
Strategies Ltd. (Nasdaq: ACAS) announced today that Joseph Romic and
Bradley Nii have joined the firm to lead the Chicago and West Coast Sponsor
Finance practices, respectively. The Sponsor Finance Group is responsible
for the firm's debt and minority equity investments in support of private
equity sponsors. Mr. Romic's team in Chicago includes senior professionals
Jon Leiman, Michael Jordan and Jon Lindberg. The Chicago Sponsor Finance
team's geographic responsibility includes Canada and the Midwest (Chicago,
Cleveland, Detroit, Kansas City, Milwaukee, Minneapolis and St. Louis). Mr.
Nii's team on the West Coast includes senior professionals Natasha
Volyanskaya, Colin Cropper, Patrick White, Brian Cohen and Mehereen Khan.
"Mr. Romic and Mr. Nii bring years of investment experience and a broad
base of relationships in these important markets for American Capital,"
said Bowen Diehl, Managing Director of the Sponsor Finance Group, Western
Region. "We are delighted to be adding talented new leaders to our Chicago
and West Coast teams. Joe and Brad will provide the local leadership
necessary to continue to grow our business of providing the widest and most
flexible range of financing in support of our private equity sponsor
partners."
"American Capital's ability to finance throughout the capital
structure, including senior debt, subordinated debt and equity, along with
its low cost of capital and significant in-house resources provide a
powerful platform to deliver financing solutions to our private equity
sponsor clients with flexibility and speed," said Joseph Romic, Principal,
Sponsor Finance Group. "I am excited to join a firm and a team of
professionals so committed to being the premier provider of capital to the
middle market."
"I look forward to working closely with my colleagues across the
Company to identify new opportunities and to build upon American Capital's
competitive offerings to private equity sponsors," said Bradley Nii,
Principal, Sponsor Finance Group. "With American Capital's institutional
capabilities and offices throughout the country, the Sponsor Finance Group
can respond with fast and attractive financing solutions ranging from $10
million to $800 million for middle market companies."
Prior to joining American Capital, Mr. Romic was a Director in the
Goldman Sachs Specialty Lending Group, where he spent four years
originating debt and equity investments in middle market companies. Prior
to Goldman Sachs, Mr. Romic was a Senior Vice President in the Global
Sponsor Finance Group of General Electric Commercial Finance. He also spent
ten years with Heller Financial, a publicly traded diversified commercial
finance company, before it was acquired by GE in 2001.
Mr. Romic earned a Masters of Management from the J.L. Kellogg Graduate
School of Management at Northwestern University and a Bachelor of Science
in Accounting from Illinois Wesleyan University. He is also a Certified
Public Accountant.
Prior to joining American Capital, Mr. Nii was a Senior Vice President
in the Investment Banking Group at Lehman Brothers based in Los Angeles and
focused on covering financial sponsors with a presence on the West Coast.
Prior to covering financial sponsors, Mr. Nii was a Vice President in the
Mergers and Acquisitions group in New York. While at Lehman Brothers, Mr.
Nii was involved in a number of transactions and financings totaling over
$100 billion in value in a variety of industry sectors. He was also a
Certified Public Accountant with Ernst & Young from 1987 to 1996.
Mr. Nii holds a Bachelors of Science in Accounting from the University
of Southern California.
The Sponsor Finance Group works in partnership with private equity
sponsors to provide one stop financing solutions, including senior debt,
stand alone second lien and subordinated debt investments and equity
co-investments to support private equity-backed buyouts, recapitalizations,
add-on acquisitions and growth initiatives. The group also provides
financing directly to middle-market public and private companies. The
Sponsor Finance Group of American Capital, investing through American
Capital and its managed funds, has made more than 215 debt and minority
equity investments worth approximately $4 billion and has worked with over
140 private equity sponsors in the United States and Europe. In the last
twelve months, the Sponsor Finance Group has invested approximately $2.8
billion in over 65 companies. In addition to providing financing solutions,
the team of approximately 60 Sponsor Finance professionals located in 12
offices throughout the world are able to manage all pre- and post-closing
aspects of a transaction, including sourcing and executing transactions and
monitoring portfolio companies.
For more information about the Sponsor Finance Group, please visit
http://www.AmericanCapital.com/Sponsor_Finance.
American Capital and its funds under management manage a portfolio of
approximately $18 billion in over 295 companies. American Capital has
invested directly and through its funds under management approximately $11
billion in the last twelve months, $4 billion year to date and $3 billion
quarter to date. Not including funds under management, American Capital has
invested approximately $6 billion in the last twelve months, $2 billion
year to date and $830 million quarter to date. American Capital assisted in
the refinance or syndication of approximately $1.7 billion of senior debt
for its portfolio companies in the last twelve months, $356 million year to
date and $55 million quarter to date. For more information about American
Capital's portfolio, go to
http://www.acas.com/our_portfolio/our_portfolio.html.
ABOUT AMERICAN CAPITAL
With $21 billion in capital resources under management(1), American
Capital is the only private equity fund and the largest alternative asset
management company in the S&P 500. American Capital, both directly and
through its global asset management business, is an investor in management
and employee buyouts, private equity buyouts, and early stage and mature
private and public companies. American Capital provides senior debt,
mezzanine debt and equity to fund growth, acquisitions, recapitalizations
and securitizations. American Capital and its affiliates invest from $5
million to $800 million per company in North America and euro 5 million to
euro 500 million per company in Europe.
As of May 31, 2008, American Capital shareholders have enjoyed a total
return of 453% since the Company's IPO -- an annualized return of 17%,
assuming reinvestment of dividends. American Capital has paid a total of
$2.3 billion in dividends and paid or declared $28.20 dividends per share
since going public in August 1997 at $15 per share.
Companies interested in learning more about American Capital's flexible
financing should contact Mark Opel, Senior Vice President, Business
Development, at (800) 248-9340, or visit http://www.AmericanCapital.com or
http://www.EuropeanCapital.com.
Performance data quoted above represents past performance of American
Capital. Past performance does not guarantee future results and the
investment return and principal value of an investment in American Capital
will likely fluctuate. Consequently, an investor's shares, when sold, may
be worth more or less than their original cost. Additionally, American
Capital's current performance may be lower or higher than the performance
data quoted above.
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 investments.
(1) Capital resources under management is an estimate of internally and
externally managed assets and available capital resources as of May 31,
2008 and does not include any fair value adjustments subsequent to March
31, 2008.
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SOURCE American Capital Strategies Ltd.
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Related links:
http://www.americancapital.com
http://www.EuropeanCapital.com
http://www.acas.com/our_portfolio/our_portfolio.html
CONTACT:
Bowen Diehl, Managing Director, Sponsor
Finance Group, +1-214-273-6630, Joseph Romic, Principal, Sponsor
Finance Group, +1-312-681-7400, Bradley Nii, Principal, Sponsor
Finance Group, +1-310-806-6280, or Brian Maney, Director,
Corporate Communications, +1-301-951-6122, all of American
Capital Strategies Ltd.
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