American Capital announced that on May 1 it completed the sale of its portfolio company Piper Aircraft Inc. (“Piper”) to Imprimis. American Capital realized a gain of $31 million from the transaction, subject to post closing adjustments. American Capital’s total inception to date realized gains on its Piper investments were $48 million and its compounded annual rate of return, including interest and fees earned over the life of its investment was 19%. Including investments in Piper by American Capital’s affiliated funds under management, the inception to date realized gains were $51 million and the compounded annual rate of return was 18%.
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada