Allied Capital Corporation
The Allied Capital Corporation is a business development company that was founded in 1958 and currently based in Washington, District of Colombia and has additional offices in New York, Chicago and in Illinois. This is considered as a close-end and a non-diversified management investment company that has an objective of achieving income and capital gains. The company invests its resources in debt and equity securities of private companies coming from different sectors. All of the businesses of the company are in the finance and the financial sector. Most of the time the company is engaged in buyouts and acquisitions, recapitalizations, purchases of notes, growth capita and middle market equity and debt investments as well. The company is also in the business of providing debt financing.
The company has preference as well and most of its investments are into business and financial services, healthcare services, energy services, industrial services and in consumer services sectors. When it comes to buyout transactions, the ACC is willing to shell out a much as $300 million. When it comes to debt transactions the company can put $10 to 150 million. By 2008, the company has entered into an investment agreement with the Goldman Sachs Private Equity Group. Also ACC is the managing member of the AGILE and owns the remaining interests not owned by Goldman Sachs. The ACC is a respected name in the stock market and investing in the company will make sense. When a person finance an investment, it’s important that stock market software or stock trading software should be used in order to serve as a guide in anticipating and reading market movements.
