Venture Capital Access Online | The eMarketplace for the Venture Capital Industry

 

Home

Marketplace
Database
News
Store
Resources
Contact Us

 

 

News

 

Venture Capital Database 2019 Now Available!

Main Street Announces New Portfolio Investment

HOUSTON, December 7, 2016-- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently led a new portfolio investment to facilitate the recapitalization of Hawk Ridge Systems, LLC and related companies (collectively, "Hawk Ridge" or the "Company"), one of North America's largest value added resellers ("VAR") of SolidWorks' computer-aided design ("CAD"), computer-aided manufacturing ("CAM") and computer-aided engineering ("CAE") software solutions and 3D Systems Corporation's 3D printing solutions. Main Street, along with a co-investor, partnered with the Company's co-founder and chief executive officer to facilitate the transaction, which resulted in the buy-out of the chief executive officer's co-founding partners, with Main Street funding $13.0 million in a combination of first-lien, senior secured term debt and direct equity investment. In addition, Main Street and its co-investor are providing Hawk Ridge an undrawn credit facility to support its future organic and acquisition growth initiatives and working capital needs.

Headquartered in Mountain View, California, and founded in 1996, Hawk Ridge (www.hawkridgesys.com) is one of the largest and most respected VARs of SolidWorks' CAD, CAM and CAE software solutions and 3D Systems' 3D printing solutions. The Company serves over 26,000 customers from its 16 office locations spanning the western United States and Canada.

ABOUT MAIN STREET CAPITAL CORPORATION

Main Street (www.mainstcapital.com) is a principal investment firm that provides long-term debt and equity capital to lower middle market companies and debt capital to middle market companies. 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 "one stop" financing alternatives within its lower middle market portfolio. Main Street's lower middle market companies generally have annual revenues between $10 million and $150 million. Main Street's middle market debt investments are made in businesses that are generally larger in size than its lower middle market portfolio companies.

Main Street's common stock trades on the New York Stock Exchange ("NYSE") under the symbol "MAIN." In addition, Main Street has outstanding 6.125% Notes due 2023, which trade on the NYSE under the symbol "MSCA."

Contact:
Main Street Capital Corporation
Dwayne L. Hyzak, President & COO, dhyzak@mainstcapital.com
Brent D. Smith, CFO, bsmith@mainstcapital.com
713-350-6000

Dennard Lascar Associates
Ken Dennard | ken@dennardlascar.com
Mark Roberson | mroberson@dennardlascar.com
713-529-6600


News Index

Venture Capital Database 

 

 NEWS

Latest VC News
VC News Archive
News Search
RSS News Feed

List Your Firm

Entrepreneurs
Investors
Advisors

Venture Capital Database

VCPro Database
Download Trial
Buy Now

Business Plan Tools

Free Business Plan Template
Business Plan Tools

 

Copyright © 1998-2019 Access InterComm  All rights reserved. 
Site Map | Privacy Statement | Legal Notice & Disclaimer