American Capital Strategies acquires Potpourri Group for $188mn
22 Jun '05
5 min read
PGI has recorded sales growth of approximately 18% annualized over the last five years and recorded annual net sales of $160 million for the fiscal year ending March 31, 2005. The Company has approximately 300 year-round employees.
"American Capital's support will enable us to continue to acquire and grow new catalog titles that will generate strong synergies within the Company's catalog platform," said Potpourri Group President and CEO Jonathan Fleischmann.
"They look forward to building our partnership with American Capital. Their financing capabilities, extensive experience in growing companies in various industries and ability to work closely with management teams made them precisely the investment partner we need for our future growth," said Potpourri Group Chairman Jack Rosenfeld.
American Capital is a publicly traded buyout and mezzanine fund with capital resources of approximately $5.4 billion. American Capital invests in and sponsors management and employee buyouts, invests in private equity buyouts, and provides capital directly to private and small public companies. American Capital provides senior debt, mezzanine debt and equity to fund growth, acquisitions and recapitalizations.mately 300 year-round employees.
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