Main Street Announces Exit of Portfolio Investment
Summary
Main Street Capital announced that it exited its debt and equity investments in Centre Technologies Holdings after a majority recapitalization with a new financial sponsor. Centre provides IT services, managed services, cloud solutions, cybersecurity, IT consulting, and business intelligence to lower and middle market businesses. Main Street says it backed Centre’s acquisition-driven growth strategy over several years and funded multiple follow-on acquisitions. The exit produced a realized gain of $46.4 million for Main Street.
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