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Roland Cline has worked as a principal at American Capital since 1988 during which time he has led or participated in dozens of merger and acquisition transactions. Prior to American Capital's IPO in 1997 Mr. Cline orchestrated change-of-control ESOP and management buyout transactions. He has also participated in six post-IPO portfolio investment exits which yielded compound annual returns ranging from 18% to 39%. Mr. Cline has served as a director at 10 American Capital portfolio companies during the past 10 years. He was promoted to Managing Director of the San Francisco office in 2001 and became a member of the Investment Committee in 2002. Mr. Cline was seconded to the Paris office in 2005.
Prior to joining American Capital Mr. Cline founded and directed an advisory firm that specialized in leveraged buyouts and other investment banking services and undertook a limited engagement to provide investment banking and privatization services in Eastern Europe. Prior to that Mr. Cline worked for the Industrial Cooperative Association where he led his first leveraged ESOP buyout in 1985. From 1979 to 1983 he was Director of Technical Assistance at the Institute of Public Administration where he developed turnaround business plans for manufacturing firms. From 1976 to 1979 Mr. Cline held management positions in market research and business planning at the Alberto Culver Company and at International Harvester.
Mr. Cline earned a B.A. in 1970 and an M.B.A. in 1976 both at the University of Wisconsin at Madison. | 