American Capital elects ex-Ecolab exec Susan Nestegard to board


US_flag_america_170sqListed private equity firm American Capital has elected former Ecolab executive Susan Nestegard to a newly created position on its board of directors.

Nestegard led the healthcare section of water, hygiene and energy technology company Ecolab between 2008 and 2012, and was senior vice-president of research, development and engineering and chief technical officer for five years before that.

She also has more than 20 years of experience with 3M in research and development, technology leadership and business management, American Capital said.

Firm chairman and CEO Malon Wilkus said, “[Nestagard] brings a wealth of corporate operational experience and insight, which will be invaluable to American Capital as we continue to invest in middle market companies and offer them large corporate expertise to enhance their performance.

“I expect she will contribute in many important ways in the years ahead and be a great addition to our board.”

American Capital , which is listed on the Nasdaq exchange, has $117bn of total assets under management, including levered assets.

The firm looks to invest between $10m and $750m per company in North America, and between €10m and €400m per company in Europe.

Earlier this year American Capital confirmed it had received $127m from its sale of Paradigm Precision Holdings to Dynamic Precision, a portfolio company of The Carlyle Group.

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.

Copyright © 2013 AltAssets