American Capital : Concludes Initial Phase of Strategic Review, Announces It Will Solicit Offers to Purchase Company or Business Lines

, /PRNewswire/ -- (Nasdaq: ACAS) ('' or the 'Company') announced today that its Board of Directors has completed the initial phase of its previously announced strategic review process and has authorized the Company to proceed with the solicitation of offers to purchase the Company or its various business lines in whole or in part. and , retained by the Company as its financial advisors for the strategic review process, will assist with the solicitation of offers.

'The strategic review process has included an extensive consideration of various means of maximizing shareholder value,' said , Chair of the Board's independent Strategic Review Committee. 'After careful consideration, the Board unanimously concluded that soliciting proposals at this time provides the best and most expedient path to unlock shareholder value. The Board has asked the Strategic Review Committee to continue working closely with our advisors, to report to the full Board and to make further recommendations as the strategic review process continues.'

'The management team recommended and fully supports the decision by the Board to proceed with the solicitation of offers and believes that it is in the best interests of our shareholders,' said , Chairman and Chief Executive Officer. 'Our business lines and assets have tremendous value, which is not reflected in our current share price, and we believe these actions will help realize that value. We are working closely with our advisors to maximize shareholder value.'

The Company noted that there can be no assurance that the continuing strategic review process will result in a transaction or transactions. This announcement fulfills the Company's commitment to report the initial results of its strategic review process by , and the Company will not necessarily report further on the progress of the process.

ABOUT AMERICAN CAPITAL

(Nasdaq: ACAS) is a publicly traded private equity firm and global asset manager. , both directly and through its asset management business, originates, underwrites and manages investments in middle market private equity, leveraged finance, real estate and structured products. manages of assets, including assets on its balance sheet and fee earning assets under management by affiliated managers, with of total assets under management (including levered assets). Through a wholly-owned affiliate, manages publicly traded (Nasdaq: AGNC), (Nasdaq: MTGE) and (Nasdaq: ACSF) with approximately of total net book value. From its eight offices in the U.S., and , and its wholly-owned affiliate, , will consider investment opportunities from . For further information, please refer to www.AmericanCapital.com.

ADDITIONAL INFORMATION

This press release contains forward-looking information and statements. Forward-looking statements give our current expectations and projections relating to the Company's financial condition, results of operations, plans, objectives, future performance and business. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as 'anticipate,' 'estimate,' 'expect,' 'project,' 'plan,' 'intend,' 'believe,' 'confident,' 'may,' 'should,' 'can have,' 'likely,' 'future' and other words and terms of similar meaning in connection with any discussion of the timing or nature of transaction closings, future operating or financial performance or other events. Forward looking statements are not guarantees of performance or results, and involve known and unknown risks, uncertainties (some of which are beyond the Company's control), assumptions and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Should one or more of these risks or uncertainties materialize, the Company's actual results may vary in material respects from those projected in any forward-looking statements. Certain factors that could cause actual results to differ materially from those contained in the forward-looking statements are included in the 'Risk Factors' section of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2014 and the Company's subsequent periodic filings. Copies are available on the website atwww.sec.gov. Any forward-looking statement made by the Company in this press release speaks only as of the date on which it is made. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. Performance data quoted above represents past performance of . Past performance does not guarantee future results and the investment return and principal value of an investment in will likely fluctuate.

Contact:

Media [phone]
Investor Relations [phone]

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/american-capital-concludes-initial-phase-of-strategic-review-announces-it-will-solicit-offers-to-purchase-company-or-business-lines-300201319.html

SOURCE