Allied Capital
 |
|
| Private | |
| Industry | Private equity |
| Founded | 1958 |
| Headquarters | Washington, DC, United States |
| Products | Leveraged buyout, Mezzanine capital |
| Revenue |
 US$-258 Million (FY 2009)
|
|
US$-521 Million (FY 2009)
|
|
| Total assets |
US$2.67 Billion (FY 2009)
|
| Total equity |
US$1.20 Billion (FY 2009)
|
|
Number of employees
|
150 |
| Parent | Ares Capital Corp. |
| Website | www.alliedcapital.com |
Allied Capital was a private equity investment firm and mezzanine capital lender providing debt and equity capital for leveraged buyouts, acquisitions and restructurings of established businesses. Allied operates as a Business Development Company, a form of publicly traded private equity company and is among the largest BDCs.
Allied invests primarily in middle-market companies in the business services, financial services, consumer products industrial, health care, retail and energy sectors.
The firm is headquartered in Washington, DC with offices in New York City.
Allied Capital Corporation was founded in 1958 and completed its first public offering of stock in 1960 on the OTC. In 2001, Allied was listed on the . Allied's stock was repeatedly noted for a high dividend yield.
Between 2002 and 2008, David Einhorn, the manager of Greenlight Capital, a hedge fund engaged in heavy short selling of Allied's stock as he tried to demonstrate that the company's valuation of its illiquid securities was inflated. This activity led to a highly publicized feud between Einhorn and the company.
As early as 2003, Allied complained publicly about Einhorn's activities. Einhorn's activities in relation to Allied were also examined by the SEC to determine whether his statements about the company were intended to manipulate its stock price.
In 2004, Allied came under scrutiny.
In June 2007, the S.E.C. found that Allied broke securities laws relating to the accounting and valuation of illiquid securities it held. However, it did not issue any fines or penalties, and Allied settled without admitting or denying the allegations.
...
Wikipedia