Capitala Group Announces Portfolio Exits Totaling $36.6 Million
August 22 2018 - 7:35AM
Capitala Group (“Capitala” or the “Company” ), a provider of
capital to lower and traditional middle market companies, announced
today that it has successfully exited Western Window Systems, LLC
and Kelle’s Transport Service, LLC.
On August 13, 2018, the Company exited its
investment in Western Window Systems, a designer and manufacturer
of moving glass walls and windows. Proceeds from the exit
totaled $23.3 million; $10.5 million for full repayment of the
senior secured debt investment, and $12.8 million for the Company’s
equity investment. This generated a realized gain of $9.8
million for Capitala.
On July 31, 2018, the Company sold its senior
secured debt investment in Kelle’s Transport Services, a provider
of temperature-sensitive freight transportation, receiving $13.3
million in proceeds upon exit.
About Capitala
Group Capitala Group is a $2.7 billion asset
management firm that provides capital to lower and traditional
middle market businesses throughout North America with office
locations in Atlanta, Charlotte, Fort Lauderdale, Los Angeles, New
York, and Raleigh. Capitala’s lower middle market investment
strategy focuses on investing in debt securities with minority
equity co-investments with less than $250 million in enterprise
value through its permanent capital vehicles, Capitala Finance
Corp. (Nasdaq:CPTA) and Capitala Specialty Lending Corp.
(CSLC). Capitala’s growth fund strategy targets control and
minority equity investments, typically coupled with credit
investments, in lower middle market companies with less than $30
million in enterprise value through both SBIC (CapitalSouth SBIC
Fund IV, L.P.) and non-SBIC closed-end funds. Capitala Group
has invested in over 150 companies since its inception in 1998
and seeks to partner with strong management teams to create
value and achieve optimal outcomes for its investors. For
more information, visit our website
at www.CapitalaGroup.com.
SOURCE: Capitala Finance Corp.
Capitala Group Steve Arnall, Chief Financial
Officer 704-376-5502 sarnall@capitalagroup.com
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