BETHESDA, Md., Aug. 19 /PRNewswire-FirstCall/ -- American Capital Strategies Ltd. (Nasdaq: ACAS) announced today it has invested $58 million in two new portfolio companies. One company, Evenflo Company Inc., is a leading supplier of juvenile products for children ranging from infants to preschoolers. The investment supports Harvest Partners Inc.'s acquisition of Evenflo from Kohlberg, Kravis Roberts & Co. The other company, Schoor DePalma Inc., is a leading diversified provider of design and engineering services. The investment supports Trivest Partners L.P.'s recapitalization. American Capital's investments in the two companies include senior debt, a second lien note and equity. In addition, Schoor DePalma management is investing in Schoor DePalma common stock. Employee shareholders retain a significant share of Schoor DePalma's equity. Headquartered in Vandalia, Ohio, Evenflo manufactures a diverse portfolio of juvenile products including car seats, baby bottles, safety gates, strollers, travel systems, activity centers and infant carriers. Evenflo's portfolio of well-known brands includes Evenflo(R), Snugli(R), Exersaucer(R) and Gerry(R). The company's customers include prominent retailers such as Wal-Mart, Target, Toys "R" Us, Kmart and Burlington Coat Factory. Evenflo holds approximately 300 patents and has licensing agreements with popular children's brands such as Disney Babies(R), Baby Looney Tunes(R), Barbie(R), HotWheels(R) and OshKosh B'Gosh(R). Evenflo, which recorded 2003 sales of approximately $300 million, has 17 manufacturing facilities, warehouses and offices throughout the United States, as well as in Mexico, Canada, mainland China, Hong Kong and Taiwan, and employs nearly 1,500. For more information about Evenflo's product innovation, go to http://www.acas.com/news/ press_releases/pr/pr.cfm?p_pr=pr20040818-1a.html Founded in 1968, Manalapan, NJ headquartered Schoor DePalma is a single- source provider of design and engineering services to the commercial and government sectors. The company provides its broad base of more than 500 clients a wide range of services through its eight divisions: real estate, en...

American Capital Invests $58 Million in Two Portfolio Companies