Listed US private equity firm American Capital is offering $350m of senior notes due in 2018 to boost its working capital and back portfolio investments.
Pan Am’s subsidiaries include Pan Am International Flight Academy, one of the world’s largest providers of flight simulation and aviation training services.
The firm currently manages $21bn of assets across its own balance sheet and in fee earning assets under management by affiliated managers.
It targets deals of between $10m and $750m per company in North America and €10m to €400m per company in Europe.
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