Aptara Inc. sold to iEnergizer for $144 million

February 16, 2012

BETHESDA, Md. (AP) — Private equity firm American Capital Ltd. announced Thursday that it has sold its digital publishing business, Aptara Inc., to iEnergizer Ltd. for $144 million.

The deal was completed Feb. 7. American Capital received $108 million, following the payment of a number of deal-related costs. American Capital first invested in Aptara in 2005.

Aptara, based in Falls Church, Va., helps companies convert their information to digital form for use on tablet computers, smartphones or e-readers as well as PCs or online or in print. It has nearly 5,000 employees.

"We are extremely delighted with the results of our first exit of 2012," Brian Graff, American Capital's senior managing director said in a statement. "Aptara has resulted in an attractive return for American Capital and its shareholders."

American Capital is a publicly traded private equity firm and global asset manager based in Bethesda, Md. Its shares rose 5 cents to close at $8.92. The new owner, iEnergizer, is based in London and provides back office and call center support to other businesses.

Shares of American Capital rose 5 cents to close at $8.92.