Main Street Announces New Portfolio Investment

Rhea-AI Summary

Main Street Capital (NYSE: MAIN) has announced a new portfolio investment of $12.5 million to facilitate the minority recapitalization of a leading vascular care management services organization in the Northeastern U.S.

The investment comprises a combination of first lien, senior secured term debt and a direct equity investment. Main Street partnered with the Company's founders for this transaction.

The healthcare company, founded in 2007, operates from two facilities in the Northeastern U.S. and specializes in vascular care, performing vein and arterial procedures. Their services focus on chronic pain alleviation, blood clot risk reduction, and restoration of blood flow in narrowed or blocked arteries. The organization emphasizes a patient-centric approach with a dedicated team of physicians and staff committed to delivering high-quality care.

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Invests $12.5 Million in Recapitalization of a Management Services Organization

HOUSTON, April 1, 2025 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a new portfolio investment totaling $12.5 million to facilitate the minority recapitalization of a leading vascular care management services organization located in the Northeastern U.S. (the "Company"). Main Street partnered with the Company's founders to facilitate the minority recapitalization. Main Street's investment in the Company includes a combination of first lien, senior secured term debt and a direct equity investment.

Founded in 2007 and operating out of two facilities in the Northeastern U.S., the Company is a provider of vascular care, performing vein and arterial procedures that can help alleviate chronic pain, lower the risk of blood clots, and restore blood flow to narrowed or blocked arteries. The Company's patient-centric model and dedicated team of physicians and staff are committed to providing the highest quality of care to the Company's patient base. 

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 alternatives 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 $10 million and $150 million. Main Street's private loan portfolio companies generally have annual revenues between $25 million and $500 million.

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

 

View original content:https://www.prnewswire.com/news-releases/main-street-announces-new-portfolio-investment-302416193.html

SOURCE Main Street Capital Corporation

FAQ

What is the size and structure of Main Street's (MAIN) new healthcare investment in 2025?

Main Street invested $12.5 million through a combination of first lien, senior secured term debt and direct equity investment in a vascular care management services organization.

What type of healthcare company did Main Street (MAIN) invest in during April 2025?

Main Street invested in a vascular care management services organization that provides vein and arterial procedures, operating from two facilities in the Northeastern U.S.

How will Main Street's (MAIN) investment impact the vascular care company's ownership?

The investment facilitates a minority recapitalization, with Main Street partnering with the company's founders while maintaining their involvement.

What services does Main Street's (MAIN) new healthcare portfolio company provide?

The company provides vascular care services, including vein and arterial procedures to alleviate chronic pain, reduce blood clot risks, and restore blood flow in blocked arteries.

When was Main Street's (MAIN) new vascular care portfolio company established?

The vascular care management services organization was founded in 2007.