Main Street Capital Announces New Portfolio Investment
HOUSTON, Jan. 13, 2011 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") announced today that it has completed a lower middle market portfolio investment in Pegasus Research Group, LLC dba Televerde ("Televerde").
Main Street's $7.5 million investment supported the recapitalization and growth financing of Televerde. Main Street's investment consists of $6.25 million in first lien secured debt and a $1.25 million direct equity investment. Televerde is headquartered in Phoenix, AZ and provides sales-lead services to Fortune 500 IT hardware and software companies. Televerde's core services include lead generation, customer prospecting, and data improvement. Televerde's growth initiatives will continue to be led by Televerde's President and CEO for the last 15 years, James Hooker.
ABOUT MAIN STREET CAPITAL CORPORATION
Main Street (www.mainstcapital.com) is a principal investment firm that primarily provides long-term debt and equity capital to lower middle market companies. Main Street's lower middle market investments are made to support management buyouts, recapitalizations, growth financings and acquisitions of companies that operate in diverse industry sectors and generally have annual revenues ranging from $10 million to $100 million. Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides "one stop" financing alternatives within its lower middle market portfolio. Main Street also maintains a portfolio of privately placed secured, interest-bearing debt investments in middle market businesses that are generally larger in size than its lower middle market portfolio companies.
Contacts: Main Street Capital Corporation Todd A. Reppert, President and CFO firstname.lastname@example.org 713-350-6000 Dennard Rupp Gray &Lascar, LLC Ken Dennard | email@example.com Ben Burnham | firstname.lastname@example.org 713-529-6600
SOURCE Main Street Capital Corporation
Released January 13, 2011