Main Street Invests Debt, Equity in Portfolio Company Buy
Main Street Capital announced it recently completed a follow-on investment in an existing portfolio company totaling $16.4 million.
Main Street’s follow-on investment in SambaSafety Holdings supported the company’s acquisition of a complementary business in the driver risk management software and technology-enabled services industry, an acquisition which significantly expands the company’s customer base and service offering. The follow-on investment consists of an additional $16.0 million of first lien, senior secured term debt and a $0.4 million equity investment.
Albuquerque, NM-based SambaSafety is a provider of driver risk management software and services to car and truck fleet owners, insurance carriers and agents, employment background screeners, and automotive retailers.