American Capital Wins $60M from Sale of Lifoam Holdings - InvestingChannel

American Capital Wins $60M from Sale of Lifoam Holdings

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. (c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. Posted in: News, M