The CapStreet Group Majority Recapitalizes TradePending
February 24, 2021
The CapStreet Group completed a majority recapitalization of TradePending, a Carrboro, North Carolina-based provider of software for car dealerships. Stellus Capital Management provided unitranche senior debt financing in support of the transaction; the deal positions TradePending for accelerated organic growth, product investment and potential add-on acquisitions.
- Buyers
- The CapStreet Group, CapStreet V, LP
- Targets
- TradePending, LLC
- Sellers
- Founders and shareholders
- Industry
- Software
- Location
- North Carolina, United States
- Transaction Type
- Recapitalization
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