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American Capital Announces the Sale of its Portfolio Company Pacific Handy Cutter and Generates a 9.8% Return on Its Investment

BETHESDA, Md., May 16, 2016 /PRNewswire/ -- American Capital, Ltd. (Nasdaq: ACAS) ("American Capital") announced today that its portfolio company PHC Sharp Holdings, Inc., parent to Pacific Handy Cutter, Inc. ("Pacific Handy Cutter" or the "Company"), was sold to Levine Leichtman Capital Partners. Over the life of the investment, American Capital realized 1.8 times its investment in the Company and generated a compounded annual rate of return of 9.8%, including interest and fees.

American Capital and an affiliate invested in the One Stop Buyout® of Pacific Handy Cutter in December 2006. Pacific Handy Cutter is a leading designer, manufacturer and marketer of cutting tools with enhanced safety features designed to eliminate workplace injuries and product damage in commercial backroom operations. Along with the Company's patented flagship product the Safety Cutter (S-Series), Pacific Handy Cutter manufactures the...