OREANDA-NEWS. January 11, 2016. American Capital, Ltd. (Nasdaq: ACAS) ("American Capital" or the "Company") announced today that its Board of Directors has completed the initial phase of its previously announced strategic review process and has authorized the Company to proceed with the solicitation of offers to purchase the Company or its various business lines in whole or in part.  Goldman Sachs & Co. and Credit Suisse Securities (USA) LLC, retained by the Company as its financial advisors for the strategic review process, will assist with the solicitation of offers.    

"The strategic review process has included an extensive consideration of various means of maximizing shareholder value," said

Neil M. Hahl, Chair of the Board's independent Strategic Review Committee.  "After careful consideration, the Board unanimously concluded that soliciting proposals at this time provides the best and most expedient path to unlock shareholder value.  The Board has asked the Strategic Review Committee to continue working closely with our advisors, to report to the full Board and to make further recommendations as the strategic review process continues."

"The management team recommended and fully supports the decision by the Board to proceed with the solicitation of offers and believes that it is in the best interests of our shareholders," said

Malon Wilkus, American Capital Chairman and Chief Executive Officer.  "Our business lines and assets have tremendous value, which is not reflected in our current share price, and we believe these actions will help realize that value.  We are working closely with our advisors to maximize shareholder value."

The Company noted that there can be no assurance that the continuing strategic review process will result in a transaction or transactions.  This announcement fulfills the Company's commitment to report the initial results of its strategic review process by January 31, 2016, and the Company will not necessarily report further on the progress of the process.

ABOUT AMERICAN CAPITAL

American Capital, Ltd. (Nasdaq: ACAS) is a publicly traded private equity firm and global asset manager. American Capital, both directly and through its asset management business, originates, underwrites and manages investments in middle market private equity, leveraged finance, real estate and structured products. American Capital manages \\$23 billion of assets, including assets on its balance sheet and fee earning assets under management by affiliated managers, with \\$80 billion of total assets under management (including levered assets). Through a wholly-owned affiliate, American Capital manages publicly traded American Capital Agency Corp. (Nasdaq: AGNC), American Capital Mortgage Investment Corp. (Nasdaq: MTGE) and American Capital Senior Floating, Ltd. (Nasdaq: ACSF) with approximately \\$10 billion of total net book value. From its eight offices in the U.S., Europe and Asia, American Capital and its wholly-owned affiliate, European Capital, will consider investment opportunities from \\$10 million to \\$600 million. For further information, please refer to www.AmericanCapital.com.