HomeAway – the online vacation rental company has seen its remaining minority stake held by American Capital (ACAS) sold to other existing shareholders of the company. As American Capital is a Private Equity firm, buying and selling companies and stakes in companies is part of their business model. It has been reported that American Capital sold their remaining stake for $15 million netting a nifty $4 million gain.
American Capital has been quite active in jettisoning several companies in their portfolio since late last year. According to Malon Wilkus American Capital has exited over 20 portfolio companies since the beginning of the 4th quarter last year.
American Capital had been an investor in HomeAway since 2006.
More of the story can be found on the Washington Business Journal’s site.