M&A Deal Summary

American Capital Acquires American Decorative Surfaces

On February 26, 1998, private equity firm American Capital acquired consumer products company American Decorative Surfaces from Borden for 33M USD

Acquisition Highlights
  • This is American Capital’s 1st transaction in the Consumer Products sector.
  • This is American Capital’s 40th largest (disclosed) transaction.
  • This is American Capital’s 7th transaction in the United States.
  • This is American Capital’s 1st transaction in Illinois.

M&A Deal Summary
Date 1998-02-26
Target American Decorative Surfaces
Sector Consumer Products
Buyer(s) American Capital
Sellers(s) Borden
Deal Type Divestiture
Deal Value 33M USD

Target

American Decorative Surfaces

Dupo, Illinois, United States
American Decorative Surfaces, Inc. is a manufacturer of decorative paper and vinyl surfacing materials used in a variety of industrial applications and commercial wallcoverings.

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Buyer(S) 1

Buyer

American Capital

website

Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.

DEAL STATS #
Overall 7 of 265
Sector (Consumer Products) 1 of 22
Type (Divestiture) 1 of 14
State (Illinois) 1 of 13
Country (United States) 7 of 253
Year (1998) 2 of 11
Size (of disclosed) 40 of 49
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-26 J.A.G. Industries

Baltimore, Maryland, United States

JAG is a unique firm for its size, having two primary lines of business: fabrication of precision metal components used by OEM's in high precision, high cost products as well as in production lines, and the manufacture of tablets and pills for non-human consumption and testing applications. The company is based in Baltimore, Maryland and its business dates to 1960.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-03-04 Optima Bus

Valley Center, Kansas, United States

Optima Bus Corp., formerly Chance Coach, Inc is a bus manufacturer.

Buy -

Seller(S) 1

SELLER

Borden

Columbus, Ohio, United States
Category Company
Founded 1801
Sector Food
DESCRIPTION

Borden, Inc procues and distrubutes food products.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (1998) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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