After a year in which it committed more than $325 million to 18 companies through its sponsor finance group, publicly-traded alternatives group American Capital vowed to “aggressively put capital to work” in 2014.
The group's $325 million total includes commitments raised by its affiliate, European Capital Limited, according to a statement released earlier this week.
The investments were in support of private equity buyouts, refinancings, add-on acquisitions, recapitalisations and growth transactions. American Capital provided senior, mezzanine, second lien, unitranche and equity to the deals.
“As we review investment opportunities in the pipeline for 2014, we are prepared to aggressively put our capital to work in new companies and deepen existing relationships, as well as create new partnerships within the community,” said managing director Adam Spence in a statement.
Three of the selected transactions highlighted by the firm were completed by its affiliate, European Capital.
“In 2013, 30 deals with enterprise values higher than €50 million were closed with unitranche financing in Europe, confirming that the private debt arranged by non-banking lenders has been growing strongly in Europe over the last twelve months just like it has in the US for over 20 years,” said managing director Tristan Parisot.
American Capital manages approximately $19 billion in assets. The firm typically invests between $10 million and $750 million per investment.
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