Capital Southwest Supports Centre Lane Partners’ Acquisition of Zenfolio
September 27 2017 - 4:01PM
Capital Southwest Corporation (“Capital Southwest”) (Nasdaq:CSWC)
announced today that it supported the recent acquisition of
Zenfolio Inc. (“Zenfolio”) by Centre Lane Partners (“Centre Lane”)
with a first lien term loan and a revolving credit facility.
Capital Southwest serves as the sole administrative agent on the
credit facility and made an equity co-investment in the
transaction. Eagle Hill Advisors was a co-investor in the term
loan.
"We are pleased to have the opportunity to
partner with Centre Lane on the acquisition of Zenfolio," said Josh
Weinstein, Managing Director of Capital Southwest. “We think
Zenfolio offers a unique solution to professional photographers and
believe Centre Lane is the right partner for the company as it
transitions to a standalone business from Art.com.”
Zenfolio, headquartered in Menlo Park,
California, is a software platform for professional and amateur
photographers to showcase, manage and monetize their work with a
comprehensive feature set, including a suite of marketing tools
that saves time, increases efficiency and allows them to focus on
photography.
About Capital Southwest
Capital Southwest Corporation (Nasdaq:CSWC) is a
Dallas, Texas-based, Internally Managed Business Development
Company which has net assets of approximately $287 million as of
June 30, 2017. Capital Southwest is a middle-market lending
firm focused on supporting the acquisition and growth of middle
market businesses. Capital Southwest makes investments
ranging from $5 to $20 million in securities across the capital
structure, including first lien, unitranche, second lien,
subordinated debt and non-control equity co-investments. As a
public company with a permanent capital base, Capital Southwest has
the flexibility to be creative in its financing solutions and to
invest to support the growth of its portfolio companies over long
periods of time.
Forward-Looking Statements
This press release contains historical
information and forward-looking statements within the meaning of
The Private Securities Litigation Reform Act of 1995 with respect
to the business and investments of Capital Southwest.
Forward-looking statements are statements that are not historical
statements and can often be identified by words such as "will,"
"believe," "expect" and similar expressions and variations or
negatives of these words. These statements are based on
management's current expectations, assumptions and beliefs. They
are not guarantees of future results and are subject to numerous
risks, uncertainties and assumptions that could cause actual
results to differ materially from those expressed in any
forward-looking statement. These risks include risks related to
changes in the markets in which Capital Southwest invests, changes
in the financial and lending markets, regulatory changes, tax
treatment and general economic and business conditions.
Readers should not place undue reliance on any
forward-looking statements and are encouraged to review Capital
Southwest's Annual Report on Form 10-K for the year ended March 31,
2017 and subsequent filings with the Securities and Exchange
Commission for a more complete discussion of the risks and other
factors that could affect any forward-looking statements. Except as
required by the federal securities laws, Capital Southwest does not
undertake any obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events, changing circumstances or any other reason after the
date of this press release.
Investor Relations Contact:
Michael S. Sarner, Chief Financial
Officer214-884-3829
Capital Southwest (NASDAQ:CSWC)
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