Private equity firm American Capital has sold its portfolio company Paradigm Precision Holdings to Dynamic Precision Group, a portfolio company of The Carlyle Group.
American Capital and its affiliated funds have received USD129m in debt and equity proceeds, subject to post-closing adjustments, of which USD127m was received by American Capital.
American Capital’s compounded annual rate of return earned on its senior debt, subordinated debt and equity investments since the first quarter of 2007 was 11 per cent, including interest, dividends and fees earned over the life of its investment.
"American Capital is proud of its role in building Paradigm Precision into a leader of precision machined aerospace engine parts," says Myung Yi, senior vice president and managing director, American Capital special situations group. "American Capital has been fortunate to partner with an outstanding management team, which has driven Paradigm Precision’s growth and successful expansion into global markets."
Paradigm Precision is a supplier of precision aerospace components for jet engine manufacturers.
