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Main Street Capital Makes $37 Million Investment in Nello Industries
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Main Street Capital Makes $37 Million Investment in Nello Industries
Jun 11, 2024 7:23 AM

09:45 AM EDT, 06/11/2024 (MT Newswires) -- Main Street Capital ( MAIN ) said Tuesday it has completed a portfolio investment of $36.9 million to back the buyout of Nello Industries.

The investment includes a mix of first lien, term debt, and a direct equity investment, Main Street said.

Main Street also said it has exited its debt investments and partially exited its equity investments in a lower middle market portfolio company. Main Street said it has realized a gain of $10.4 million on the sale of the company's assets, including a minority stake in the buyer of the company's assets.

Price: 48.75, Change: -0.13, Percent Change: -0.27

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