Main Street Leads SoftTouch Recap
Main Street Capital announced it recently led a new portfolio investment totaling $15.9 million of invested capital to facilitate the majority recapitalization of SoftTouch Medical Holdings, the parent company of SoftTouch Medical, with Main Street funding $13.5 million of the investment. Main Street’s portion of the investment in SoftTouch included $8.5 million of first lien, senior secured term debt and a $5 million equity investment for a control equity ownership position in the company.
Main Street and its co-investor partnered with the company’s founder, president and other members of management to facilitate the transaction.
Marietta, GA-headquartered SoftTouch is a regional home provider of durable medical equipment and services.