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State: 17.08.2024 | 11PM
Thu, 29.08.2024       Main Street Capital
US56035L1044

Invests $11.2 Million in Recapitalization of MoneyThumb, Inc.

HOUSTON, Aug. 29, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a new portfolio investment totaling $11.2 million to facilitate the majority recapitalization of MoneyThumb, Inc. ("MoneyThumb" or the "Company"), a leading software-as-a-service provider of financial file conversion, reconciliation and analysis software to end customers primarily in the merchant cash advance ("MCA") and accounting industries. Main Street, along with its co-investor, partnered with Iron Creek Partners, LLC, the majority equity investor in the recapitalization transaction and a sector-focused private investment firm that Main Street has partnered with on several prior investments, and MoneyThumb's founder and senior management team to facilitate the transaction. Main Street's portion of the funding for the recapitalization was a total of $11.2 million and included a combination of first lien, senior secured debt with equity warrant participation and a direct minority equity investment.

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