Main Street Announces Follow-On Investment
Summary
Main Streets portion of the follow-on investment consists of an additional $14.9 million first lien, senior secured term debt investment and a $0.5 million direct equity investment.Founded in 2006 and based in Houston, Texas, Johnson Downie specializes in retained, exclusive partner-level recruiting engagements for the worlds elite law firms. It is anticipated that the follow-on investment will expand Johnson Downies geographic and market coverage to other legal firms and locations.Main Street ( ) is a principal investment firm that primarily provides long-term debt and equity capital to lower middle market companies and debt capital to middle market companies. Main Streets 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 investment strategy. Main Streets middle market debt investments are made in businesses that are generally larger in size than its lower middle market portfolio companies.Main Street, through its wholly owned portfolio company MSC Adviser I, LLC ("MSC Adviser"), also maintains an asset management business through which it manages investments for external parties.
Funding
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