American Capital makes 2.4x its money on Unwired Tech sale
American Capital said Monday that it received $176 million from the sale of portfolio company Unwired Holdings, parent to Unwired Technology, to Delphi Automotive. American Capital said it received 2.4x its equity investment and realized a compounded annual rate of return of 17% over the life of its equity investment, including dividends, realized gains and fees. Auburn Hills, Mich.-based Unwired designs and supplies USB connectivity modules and wireless headphone systems for the automotive industry. Delphi announced in September it was buying Unwired Technology.
14 October 2014•4 mins read
