Main Street Announces New Portfolio Investment
Main Street Capital Corporation (NYSE: MAIN) has announced a new portfolio investment of $45.0 million to facilitate the minority recapitalization of a leading specialty aircraft distributor. The investment consists of first lien, senior secured debt and a direct minority equity investment, partnering with the company's CEO who was previously the sole owner.
The target company, founded over 30 years ago and based in the Southeastern U.S., specializes in aircraft distribution, parts supply, and maintenance services. The company primarily serves customers across North and South America.
Main Street Capital Corporation (NYSE: MAIN) ha annunciato un nuovo investimento di portafoglio pari a $45.0 milioni per agevolare la ricapitalizzazione di minoranza di un importante distributore specializzato di aeromobili. L'operazione prevede debito senior garantito di primo grado e un investimento azionario diretto di minoranza, in collaborazione con l'amministratore delegato dell'azienda, precedentemente unico proprietario.
La società target, fondata oltre 30 anni fa e con sede nel Sud-Est degli Stati Uniti, è specializzata nella distribuzione di aeromobili, nella fornitura di ricambi e nei servizi di manutenzione. Serve principalmente clienti in Nord e Sud America.
Main Street Capital Corporation (NYSE: MAIN) ha anunciado una nueva inversión de cartera de $45.0 millones para facilitar la recapitalización minoritaria de un destacado distribuidor especializado de aeronaves. La inversión consta de deuda sénior garantizada de primer rango y una inversión minoritaria directa en capital, en asociación con el director ejecutivo de la compañía, quien era anteriormente el único propietario.
La compañía objetivo, fundada hace más de 30 años y con sede en el sureste de EE. UU., se especializa en distribución de aeronaves, suministro de repuestos y servicios de mantenimiento. Atiende principalmente a clientes en Norte y Sudamérica.
Main Street Capital Corporation (NYSE: MAIN)는 선도적인 항공기 전문 유통업체의 소수 지분 재자본화를 지원하기 위해 $45.0백만의 새로운 포트폴리오 투자를 발표했습니다. 이번 투자는 선순위 담보부 채무와 직접적인 소수 지분 투자를 포함하며, 이전에 단독 소유주였던 회사의 CEO와 파트너십을 맺고 진행됩니다.
타깃 회사는 30년 이상 전통을 가진 남동부 미국 소재 기업으로, 항공기 유통, 부품 공급 및 정비 서비스를 전문으로 합니다. 주로 북미 및 남미 지역의 고객을 대상으로 합니다.
Main Street Capital Corporation (NYSE: MAIN) a annoncé un nouvel investissement de portefeuille de 45,0 millions de dollars pour faciliter la recapitalisation minoritaire d'un distributeur spécialisé d'aéronefs de premier plan. L'investissement comprend une dette senior garantie de premier rang et une prise de participation minoritaire directe, en partenariat avec le directeur général de la société, qui était auparavant le propriétaire unique.
La société ciblée, fondée il y a plus de 30 ans et basée dans le sud-est des États-Unis, se spécialise dans la distribution d'aéronefs, la fourniture de pièces et les services de maintenance. Elle sert principalement des clients en Amérique du Nord et du Sud.
Main Street Capital Corporation (NYSE: MAIN) hat eine neue Portfolioinvestition in Höhe von $45,0 Millionen angekündigt, um die Minderheitsrekapitalisierung eines führenden spezialisierten Flugzeughändlers zu ermöglichen. Die Investition besteht aus vorrangigen, besicherten Erstpfandkrediten sowie einer direkten Minderheitsbeteiligung am Eigenkapital und erfolgt in Partnerschaft mit dem CEO des Unternehmens, der zuvor Alleineigentümer war.
Das Zielunternehmen, vor über 30 Jahren gegründet und mit Sitz im Südosten der USA, ist auf Flugzeugvertrieb, Teileversorgung und Wartungsdienstleistungen spezialisiert. Es bedient hauptsächlich Kunden in Nord- und Südamerika.
- Strategic $45.0 million investment combining secured debt and equity components
- Partnership with established company of 30+ years in specialty aircraft industry
- Investment diversifies portfolio with exposure to aviation sector
- Target company has established presence in North and South American markets
- Minority stake position limits control over investment
- Exposure to cyclical aviation industry risks
Invests
Founded over 30 years ago and headquartered in the Southeastern U.S., the Company is an industry-leading specialized aircraft distributor, parts supplier and maintenance provider. The Company serves a diverse customer base, primarily in
ABOUT MAIN STREET CAPITAL CORPORATION
Main Street (www.mainstcapital.com) is a principal investment firm that primarily provides customized long-term debt and equity capital solutions to lower middle market companies and debt capital to private companies owned by or in the process of being acquired by a private equity fund. Main Street's portfolio investments are typically made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors. Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides customized "one-stop" debt and equity financing solutions within its lower middle market investment strategy. Main Street seeks to partner with private equity fund sponsors and primarily invests in secured debt investments in its private loan investment strategy. Main Street's lower middle market portfolio companies generally have annual revenues between
Main Street, through its wholly-owned portfolio company MSC Adviser I, LLC ("MSC Adviser"), also maintains an asset management business through which it manages investments for external parties. MSC Adviser is registered as an investment adviser under the Investment Advisers Act of 1940, as amended.
Contacts:
Main Street Capital Corporation
Dwayne L. Hyzak, CEO, dhyzak@mainstcapital.com
Ryan R. Nelson, CFO, rnelson@mainstcapital.com
713-350-6000
Dennard Lascar Investor Relations
Ken Dennard | ken@dennardlascar.com
Zach Vaughan | zvaughan@dennardlascar.com
713-529-6600
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SOURCE Main Street Capital Corporation