Here's the Deal
 

Baird's Investment Banking Group is pleased to announce the following transaction:

September 2007


American Capital Strategies, Ltd.
Follow-On Offering
$271.9 Million


Robert W. Baird & Co. served as co-manager on this offering.


American Capital Strategies, Ltd. (“ACAS” or the “Company”) (NASDAQ: ACAS) announced the pricing of its follow-on offering of 6,000,000 shares of common stock at a price of $39.40 per share for total gross proceeds of $236.4 million excluding the over-allotment option. ACAS has granted the underwriters a 30-day option to purchase up to an additional 900,000 shares to cover over-allotments. The proceeds will be used for general corporate purposes, including the repayment of indebtedness.

ACAS is a Bethesda, Maryland-based publicly traded alternative asset management company principally engaged, both directly and through its global asset management business, in investing in management and employee buyouts, private equity buyouts and early stage and mature private and public companies. With $16 billion in assets under management as of June 30, 2007, ACAS is the largest business development company and the second largest U.S. publicly traded alternative asset manager. ACAS’s business consists of two primary segments— the Company’s investment portfolio, the American Capital Fund, and its alternative asset management business. The Company provides its services through 12 offices in the United States and Europe, including 4 offices of its European affiliate, European Capital. ACAS and its affiliates invest from $5 million to $800 million per company in North America and €5 million to €500 million per company in Europe.

For additional information about this transaction, please contact:
Managing Director
(703) 821-5787
Associate
(703) 821-5788

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