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Stock Market & Financial Investment News

News Breaks
January 7, 2014
07:08 EDTMAINMain Street exits debt, equity investment in Thermal and Mechanical Equipment
Main Street announced that on December 23, 2013 it fully exited its debt and equity investment in Thermal and Mechanical Equipment through the acquisition of TMEC by LKCM Distribution Holdings. Main Street realized a gain of approximately $10.8M on the sale of its equity ownership interests, and on a cumulative basis since Main Street's initial investment in TMEC in September 2009, Main Street realized a total internal rate of return of 42.6% and a 3.1 times money invested return on its debt and equity investment in TMEC.
News For MAIN From The Last 14 Days
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November 13, 2014
16:17 EDTMAINMain Street promotes CFO Dwayne Hyzak to COO, Brent Smith promoted to CFO
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07:02 EDTMAINMain Street makes $8.0M investment in AFG Capital
Main Street recently led a new portfolio investment totaling $10.0M of invested capital in AFG Capital Group, with Main Street funding $8.0M of the investment. The proceeds of the investment were used to complete a minority recapitalization, refinance existing debt and provide capital to fund AFG's near-term growth opportunities. Main Street's investment in AFG included $6.8M of first-lien, senior secured term debt with equity warrant participation and a $1.2M equity investment. In addition, Main Street and its co-investor are providing AFG a commitment for additional term loans to support its future growth opportunities. Headquartered in Grandview, Texas, and founded in 2004, AFG offers rent-to-own financing solutions to various manufacturers, including barn, carport, storage shed and other manufacturers nationwide.

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