Allied Sells Palm Coast Data

Allied Capital has sold portfolio company Palm Coast Data Holdco Inc. to Kable Media Services Inc., a wholly-owned subsidiary of AMREP Corp. (NYSE: AXR). The deal was valued at $92 million. Palm Coast is a Palm Coast, Fla.-based provider of fulfillment services to U.S. publishers of magazines and to membership associations. Allied acquired the company in partnership with company management in August 2005, and held an 85.7% stake.