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Saturday, November 21, 
7:47 pm

American Capital books $120M in profits on Contec sale

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American Capital Ltd. said it notched a $57 million gain on the recent sale of Contec Holdings Ltd. to Bain Capital, giving the private equity firm profits of over $120 million over the life of the investment from cumulative gains and dividend income.

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Bain acquired Contec, which repairs cable set-top boxes and other broadband equipment, in a $525 million secondary buyout on July 28 after beating out rival buyout firms Madison Dearborn Partners LLC and Lee Equity Partners LLC in an auction run by Goldman Sachs & Co. Neither Bain nor American Capital announced or commented about the deal until today.

Bethesda, Md.-based American Capital, a publicly traded business development company, purchased Contec in June 2006 for an undisclosed sum. The firm said it originally invested in Contec via a revolving credit facility, term loan, senior and junior subordinated debt and convertible preferred as well as common equity. - George White
 
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From: Bob,

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Bob
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From: Bob,

This site gives us the good information and knowledge about the Deal.
The content is very good.
=============================================
Bob
MLS


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