Main Street Capital Invests $14.6M in Johnson Downie LLC
December 16, 2021
Main Street Capital Corporation completed a $14.6 million growth capital investment and minority recapitalization in Johnson Downie, LLC, a Houston-based provider of lateral partner placements and retained partner-level recruiting services for law firms across Texas. The financing comprised first-lien senior secured term debt and a direct minority equity investment; Main Street partnered with an unnamed co-investor and the Company's existing owner/management team to facilitate the transaction.
- Buyers
- Main Street Capital Corporation
- Targets
- Johnson Downie, LLC
- Sellers
- Existing owner and management team
- Industry
- Staffing & HR
- Location
- Texas, United States
- Transaction Type
- Recapitalization
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