- American Capital's (NASDAQ:ACAS -0.1%) Sponsor Finance Group is lead agent and investor on second lien financing used to fund the buyout of Tectum Holdings by TA Associates. American Capital's involvement includes an equity co-investment as well.
- Headquartered in Ann Arbor, Tectum is a manufacturer of pickup truck accessories.
- ACAS first invested in Tectum in March with a $25M facility to support an add-on acquisition and dividend recap by previous majority owner Kinderhook Industries.
- Source: Press Release