American Capital

(NASDAQ: ACAS)

12.89

-0.32 -2.42%

COMPANY INFORMATION


Exchange:	NASDAQ national market
Stock:	American Capital Ltd
Industry:	Asset Management
Employees:	80

DESCRIPTION


American Capital Ltd was incorporated in 1986. On August 29, 1997, the Company completed an initial public offering and became a non-diversified closed end investment company. American Capital operates as a publicly traded private equity firm and global asset manager. It invests in private equity, private debt, private real estate securities and other investments, technology investments, special situation investments and alternative asset funds managed by the Company. It provides investors the opportunity to participate in the private equity and alternative asset management industry through an investment in its publicly traded stock. The Company primarily invests in middle market companies, which it generally considers to be companies with revenue between $10 million and $750 million. The Company also has investments in structured finance investments, including commercial mortgage backed securities (‘CMBS’), collateralize loan obligation (‘CLO’) securities and collateralize debt obligation (‘CDO’) securities and invest in alternative asset funds managed by the Company. Other than investment in European Capital, the Company’s investments are primarily in portfolio companies located in the United States. The Company has an investment portfolio and do not concentrate in any one or two industry sectors. It uses the Global Industry Classification Standards for classifying the industry groupings of its portfolio companies. Majority of the Company investments has been to assist in the funding of change of control buyouts of privately held middle market companies. Its private finance portfolio investments consist of loans and equity securities primarily to privately-held middle market companies. Its private finance loans consist of first lien secured revolving credit facilities, first lien secured loans, second lien secured loans and secured and unsecured mezzanine loans. Its loans typically mature in five to ten years and require monthly or quarterly interest payments at fixed rates or variable rates generally based on LIBOR, plus a margin. The Company’s alternative asset management business is conducted through its wholly-owned portfolio company, American Capital, LLC. The Company’s Structured Products investments consist of investments in CMBS, CLO and CDO securities. Its Structured Products investments are generally in non-investment grade securities. The Company competes compete with strategic buyers, private equity funds, subordinated debt funds and other buyers and financing sources, including traditional financial services companies such as finance companies, commercial banks, investment banks and other equity and non-equity based investment funds. The Company and its portfolio companies are subject to regulation by laws at the local, state, federal and foreign level, including with respect to securities laws, tax and accounting standards.

DATA PROVIDERS

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

Financial data in US dollars | Page generated 2:17 AM ET

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American Capital