American Capital Achieves a Gain of $93M and Receives $138M in Proceeds From Value Plastics Exit

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American Capital Ltd.
ACAS
announced today that on August 26, 2011 its portfolio company VP Acquisition Holdings, Inc. was acquired by Nordson Corporation
NDSN
for $250 million. American Capital received $138 million in proceeds and realized a gain of $93 million during the third quarter from the transaction, subject to post-closing adjustments. Value Plastics was advised by Lazard Middle Market LLC on the transaction. Including investments in Value Plastics by American Capital's affiliated funds under management, the total proceeds received during the third quarter from the transaction were $222 million, realizing a gain of $157 million, subject to post-closing adjustments. Including dividends received over the life of their investments, American Capital and its affiliated funds under management received total equity proceeds of $208 million, which exceeded their aggregate original equity investment by $165 million.
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