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US Riverside completes seventh buy-out of the year28/08/2003. Source: AltAssets. 
 US private equity firm Riverside has acquired automotive accessories company American Products (APC) in what represents the firm's seventh leveraged buy-out of the year.
APC is a manufacturer and distributor of stylised after-market automotive accessories. The company was formed in 1998 and currently generates sales of around $75m.
Stuart Baxter, the Riverside managing partner responsible for the transaction, described APC as ‘a beautiful high growth, high margin business which, frankly, had outgrown its capital sources and infrastructure'.
The acquisition of APC is Riverside's seventh this year and 72nd since the firm's inception in 1988. It also marks the 25th acquisition from riverside's most recent fund, the $413m Riverside Capital Appreciation Fund 2000.
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