American Capital, Ltd. was a publicly traded private equity and global asset management firm, trading on NASDAQ under the symbol “ACAS” from 1997 to 2017 and a component of the S&P 500 Index from 2007 to 2009. American Capital was sold to Ares Management in 2017 at a sale price that totaled $4.1 billion.
What does American Capital do?
American Capital, both directly and through its global asset management business, originates, underwrites and manages investments in middle market private equity, leveraged finance, real estate, energy & infrastructure and structured products.
Who owns American capital?
Ares Capital Management LLC
American Capital/Parent organizations
Who bought ACAS?
Ares Capital
It (NASDAQ: ACAS) was acquired by Ares Capital (NASDAQ: ARCC) for $3.43 billion on January 3, 2017.
When did Ares buy American capital?
September 30, 2016
(NASDAQ:ACAS), enhancing its leadership position in middle market direct lending in the U.S. Ares Capital continues to be the largest business development company in the U.S. with total assets of $12.3 billion pro forma for the American Capital acquisition as of September 30, 2016.
Is the White House in Maryland or Virginia?
The White House is located at 1600 Pennsylvania Avenue in Washington, D.C., the capital of the United States. The Washington Monument, the Capitol Building, the Jefferson Memorial, the Pentagon, and the Lincoln Memorial are also in the Washington, D.C. area.
What’s the capital of New Zealand?
Wellington
New Zealand/Capitals
New Zealand has had three capital cities – first Okiato (Old Russell) in the Bay of Islands from 1840, then a year later, Auckland, and finally Wellington. Today marks 155 years since a session of parliament officially met in Wellington for the first time on 26 July 1865.
American Capital was founded by Malon Wilkus in 1986., who served as Chairperson and Chief Executive Officer (CEO) until the time of the sale of American Capital in 2017. The company was headquartered in Bethesda, Maryland.
When did American capital go public?
American Capital went public on August 29, 1997 in a $155 million equity offering. At the time of its IPO, American Capital changed its operations and tax status to a Business Development Company (BDC). In 1998, American Capital expanded and opened additional offices in Chicago and Dallas .
What happened to the American Capital Group?
To address the new realities facing the company, in 2008, American Capital closed offices in Los Angeles, Palo Alto, Philadelphia and San Francisco, continuing to operate offices in Bethesda, Boston, Dallas, Providence and New York. European Capital closed offices in Frankfurt and Madrid, continuing to operate offices in London and Paris.
What happened to American Capital Mortgage management?
On December 15, 2016, ACAS shareholders approved the sale of American Capital to Ares Capital and the transaction was finalized on January 3, 2017. The purchase price, including the sale of American Capital Mortgage Management, totaled $4.1 billion.
