American Securities Capital Partners, L.P. Acquires Miltex Instrument Company, Inc.Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 10, 2000 American Securities Capital Partners, L.P. (ASCP ASCP American Society of Clinical Pathologists. ), a private equity investment firm with over $500 million of capital under management, today announced that it has completed the acquisition of Miltex Instrument Company, Inc. from affiliates of Bain Capital, Inc. Miltex Instrument Company, Inc. is the leading supplier of hand-held surgical and dental instruments sold to physicians' and dentists' offices and alternate site surgical centers. ASCP, together with management, purchased 100% of the equity interests in Miltex. The transaction is valued at approximately $70 million inclusive of debt repayment and fees and expenses. David L. Horing, a Managing Director of American Securities Capital Partners, L.P. said, "We are pleased to be partnering with Miltex's management team to build upon the company's market-leading position in the growing alternate site surgical instrument market. We look forward to building upon Miltex's outstanding product line and brand name through both internal development and acquisitions." This transaction comes on the heels of ASCP's December 29, 1999 acquisition of El Pollo Loco El Pollo Loco is a fast-food restaurant chain and Mexican grilled chicken franchise. "El Pollo Loco" is Spanish for "The Crazy Chicken". Juan Francisco Ochoa started the restaurant in Guasave, Mexico, in 1975. , Inc. from Advantica Restaurant Group, Inc (Nasdaq: DINE) for $128 million. El Pollo Loco, Inc. is the nation's leading quick service restaurant chain specializing in marinated, flame broiled broil 1 v. broiled, broil·ing, broils v.tr. 1. To cook by direct radiant heat, as over a grill or under an electric element. 2. To expose to great heat. v. chicken. American Securities Capital Partners, L.P. is a private equity firm based in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of that manages over $500 million of capital on behalf of wealthy families and select institutions. ASCP's investment philosophy is to partner with management teams to make control investments in companies with leading market positions in attractive industries. ASCP's current portfolio companies include CTB CTB Council Tax Benefit (UK) CTB Coopération Technique Belge (French: Belgian Technical Cooperation) CTB Commonwealth Transportation Board (Virginia Department of Transportation) International Corp. (Nasdaq: CTBC CTBC Computer Take Back Campaign CTBC Cape Town Bridge Club (South Africa) ), Dr. Leonard's Healthcare Corp., Anthony International, El Pollo Loco, Inc, and Caribbean Restaurants, Inc. |
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