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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