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Main Street Announces Follow-On Investment

  • Main Street Capital Corporation (NYSE: MAIN) & co-investor MSC Income Fund, Inc. (NYSE: MSIF) invested an additional $25.6 million in DMS Holdco LLC (DMS).
  • The funding supports DMS's strategic acquisition of Johnson & Quin, Inc. (J&Q), a direct marketing services business based in Chicago, Illinois, along with other growth initiatives.
  • Main Street's investment consisted of $20.8 million in first lien, senior secured term debt & a $4.8 million direct equity stake.
  • A portion of the acquisition purchase price for J&Q owners was paid in equity ownership within DMS.
  • DMS, founded in 1982, provides omni-channel direct marketing services to FinTech, banking, telecom, & technology sectors.
  • J&Q, founded in 1876, is a family-owned printing business with a 150-year history & complementary expertise to DMS.
  • Main Street & MSIF initially invested in DMS in February 2018.
  • Main Street operates as a principal investment firm focusing on customized debt & equity solutions for lower middle market companies with annual revenues between $10 million & $150 million.
  • MSIF primarily provides debt capital to private companies owned by or being acquired by private equity funds, with private loan portfolio revenues ranging from $25 million to $500 million.
  • MSC Adviser I, LLC, a wholly-owned portfolio company of Main Street, manages investments for external parties including MSIF.