Article: American Capital Receives $15 Million in Proceeds from Sale of Equity in HomeAway, Realizes $4 Million Gain.

BETHESDA, Md., Oct. 15 /PRNewswire-FirstCall/ -- American Capital Ltd. announced today that on September 3, it completed the sale of its remaining equity investments in its portfolio company HomeAway Inc., fully exiting the company. American Capital received $15 million in proceeds realizing a $4 million gain during the third quarter from the transaction. The sale was made to a broad group of existing HomeAway investors.

Including investments in HomeAway by American Capital's affiliated funds under management, American Capital realized $18 million in inception-to-date gains. The combined group also received 2.1 times its equity investment and realized a ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!