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American Capital profits from Tensar sale

American Capital Ltd., of Bethesda, a publicly traded private equity firm and global asset manager, announced it has made $158 million from selling its investment in Tensar International Corp. Inc. earlier this month. The $158 million came via proceeds from debt, equity and related fees, subject to post-closing adjustments, from the sale to Castle Harlan Inc. Over the eight years of American Capital’s investment, its return works out to a compounded annual rate of 12.6 percent. Tensar, based in Alpharetta, Georgia, is a provider of specialty products and engineering services for site development of commercial, residential, industrial and municipal properties as well as in transportation and environmental infrastructure.

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