Pan Am’s subsidiaries include Pan Am International Flight Academy, one of the world’s largest providers of flight simulation and aviation training services.
“Pan Am has a strong reputation and track record in pilot training, a market in which worldwide demand is expected to experience significant growth within the next several years,” said Chris Rogers, director of investment bank Harris Williams and Co, which advised Pan Am on the deal.
In June this year American Capital’s affiliate European Capital exited its investment in Metall Technologie Holdings for a return of 1.6 times after more than six years of ownership.
Earlier in 2013 American Capital closed on the sale of $414m of collateralised loan obligation bonds.
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