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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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October 21, 2014
07:08 EDTMAINMain Street announces $12M investment in East West Copolymer & Rubber
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October 16, 2014
07:09 EDTMAINMain Street exits Spectrio investment with 16.3% internal rate of return
Main Street recently fully exited its investment in Spectrio LLC, a national provider of on-hold messaging and digital signage managed services. Main Street's initial investment in May 2009 consisted of a $5.7M senior secured, first lien debt investment with an equity warrant participation for 8.4% of the fully-diluted equity interests in Spectrio. Main Street realized a gain of approximately $3.9M on the redemption of its warrant by Spectrio. On a cumulative basis, Main Street realized an internal rate of return of 16.3% and a 1.7 times money invested return in aggregate on its debt and equity investment in Spectrio.
October 15, 2014
07:08 EDTMAINMain Street makes new portfolio investment in Computer Associates Inc.
Main Street recently led a financing totaling $7.6M of invested capital in Computer Associates, Inc., to support the majority recapitalization of CAI, with Main Street funding $6.1M of the financing in this new portfolio investment. Main Street's portion of the financing included a $5.4M first lien, senior secured term loan and a $0.7M equity investment.
October 9, 2014
07:04 EDTMAINMain Street announces exit of portfolio investment in Texas Re-Excavation
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