American Capital invests $21.5 mln in Electronic Warfare Associates

American Capital Ltd. said Monday it invested $21.5 million in Electronic Warfare Associates Inc. The investment was led by American Capital Special Situations and takes the form of senior secured term loans. Herndon, Virginia-based Electronic Warfare provides electronic warfare, cyber security and advanced commercial test tool systems and solutions to the United States and allied-nation government agencies and commercial customers.

American Capital closes $552 mln managed CLO

American Capital Ltd. said Wednesday that it closed on the sale of $552 million of collateralized loan obligation bonds. Deutsche Bank Securities Inc. arranged the deal. American Capital CLO Management LLC, a subsidiary of American Capital Asset Management LLC, externally managed the CLO.


American Capital sells Mirion Technologies for $750 mln

American Capital Ltd. said Wednesday it sold Mirion Technologies Inc. to Charterhouse Capital Partners LLP for $750 million. San Ramon, California-based Mirion provides radiation detection, measurement, analysis and monitoring products and services to the nuclear power, medical, military and homeland security markets. American Capital said it realized a 21 percent compounded annual return over the life of the investments, while the blended return on senior debt, subordinated debt and equity totaled a 17 percent compounded annual return.


VC-backed HomeAway invests in CanadaStays

HomeAway Inc, a Austin, Texas-based online marketplace for vacation rentals, has made an undisclosed investment in CanadaStays, a Canadian vacation rental website. HomeAway is backed by Austin Ventures, Redpoint Ventures, Institutional Venture Partners, Trident Capital, American Capital, Technology Crossover Ventures and Google Ventures.

SMG buys CGC Events

SMG Holdings Inc, a portfolio company of American Capital, has acquired CGC Events Ltd. Financial terms weren’t announced. U.K.-based CGC provides catering concessionaire services venues throughout Northern England.


American Capital hires president of private finance

American Capital has named Brian Graff as president of private finance. His appointment became effective January 1. Graff is currently a senior vice president and senior managing director at the firm. Prior to joining American Capital, Graff was a principal at Odyssey Investments Partners.


Ares Management acquires Farrow & Ball

Ares Management has bought Farrow & Ball, a UK-based maker of paint and wallpaper. The seller was European Capital Limited, an American Capital affiliate. No financial terms were disclosed.


American Capital makes 2.4x its money on Unwired Tech sale

American Capital said Monday that it received $176 million from the sale of portfolio company Unwired Holdings, parent to Unwired Technology, to Delphi Automotive. American Capital said it received 2.4x its equity investment and realized a compounded annual rate of return of 17% over the life of its equity investment, including dividends, realized gains and fees. Auburn Hills, Mich.-based Unwired designs and supplies USB connectivity modules and wireless headphone systems for the automotive industry. Delphi announced in September it was buying Unwired Technology.


Delphi Automotive to buy PE-owned Unwired Technology

Delphi Automotive has agreed to buy Unwired Technology, which is owned by American Capital. No financial terms were disclosed. The deal is expected to be completed in the fourth quarter of this year. Headquartered in Auburn Hills, Michigan, Unwired is a provider of USB connectivity modules and wireless headphone systems for the global automotive sector.

First read march 11

peHUB First Read

In First Read this morning Coller and Goldman back American Capital mid-market Fund III, Vantage Energy postpones its IPO, U.S. Venture Partners raises first fund in six years and find out which firms are more likely to dip into corporate venture capital.


PE-owned American Driveline Systems appoints CFO

American Driveline Systems, which is owned by American Capital, has hired Jim Gregory as chief financial officer of both its company and its subsidiaries AAMCO Transmissions, Cottman Transmission Systems and Global Powertrain Systems. Gregory’s appointment comes after serving four months as the firm’s interim CFO. Prior to joining American Driveline, Gregory worked at Edgeview Partners where he was an investment banker specializing in M & A.


American Capital’s ACEI expands team with two hires

American Capital‘s ACEI has added Ben Bonnet and David Elizondo to its team. Both will be serving as vice president. Previously, Bonnet worked at Alinda Capital Partners where he was a vice president while Elizondo is a former vice president at Access Capital Advisers.


American Capital’s SMG buys Premier

SMG, a portfolio company of American Capital, has acquired Premier Food Services. No financial terms were disclosed. Headquartered in San Diego, Premier is a provider of outsourced food and beverage services in Southern California.


American Capital unveils $1.1bn lower mid-market vehicle

American Capital has launched American Capital Equity III. The private equity fund will invest in companies in the lower middle market. The Private Fund Group of Credit Suisse is serving as the exclusive placement agent. Kirkland & Ellis is serving as lead counsel to American Capital on the transaction.

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