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Lower Middle Market Weekly Outlook

Good morning, Forum readers. Hope you had a nice Mother’s Day.

Last week saw no shortage of news and events for the capital markets. On the public front: Alibaba executed its much anticipated IPO, Apple entered into talks to buy Beats Electronics for $3.2 billion, and Publicis and Omnicom called off their merger.

In the private capital markets, the SEC has continued its investigation into PE firms. Click here to read a speech from SEC’s Andrew Bowden discussing the inspections and examinations. One of the biggest red flags amidst investigations has been how PE firms pay their operating partners.

Below are some other stories, transactions, and events to help you start your week…

Transactions:

Upcoming Events:

Opinions:

This week in history… 24 stockbrokers gathered outside 68 Wall Street to sign the Buttonwood Agreement, the contract that founded the New York Stock Exchange (1792).


Member Spotlight:

Main Street Capital Corporation is a Houston-based publicly traded investment firm (NYSE: MAIN) that provides long-term debt and equity capital to lower middle market companies and debt capital to middle market companies. Main Street’s 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, management teams and other equity sponsors, and generally provides “one-stop” financing alternatives within its lower middle market portfolio. Main Street primarily invests in lower middle market companies with EBITDA of $3 million to $20 million. The typical investment ranges in size from $5 million to $50 million with the ability to partner on larger transactions.

For more information, please contact Jessica Whitman (jwhitman@mainstcapital.com / 713-350-9221)


 

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