Main Street Capital Recapitalizes I-deal Optics

Highland Rim Capital Acquires I-deal Optics from Main Street Capital Holdings

May 31, 2024

Consumer Products

Highland Rim Capital, a Nashville-based private equity firm, has acquired I-deal Optics, a value-segment supplier and distributor of prescription eyewear and sunwear frames. The seller was Main Street Capital Holdings, which had owned I-deal Optics since 2015; terms were not disclosed. Highland Rim will take ownership as Main Street exits its investment after nearly nine years.

Main Street Capital Recapitalizes Infinity X1 LLC

April 5, 2023

Consumer Products

Main Street Capital Corporation provided $22.0 million in a recapitalization of Infinity X1 LLC, funding a combination of first-lien senior secured term debt and a direct minority equity investment. The financing, completed alongside an unnamed co-investor and the company’s existing owners and management, supports Infinity X1 — a San Diego-based designer, manufacturer and distributor of portable lighting products sold through major retailers and e-commerce channels.

Main Street Capital Recapitalizes Midwestern Dental Service Organization

February 20, 2024

Dental

Main Street Capital Corporation invested $12.8 million in a recapitalization of a leading, multi-location urgent and general care dental service organization based in the Midwestern United States. The investment, made as a combination of first-lien senior secured term debt and a direct equity investment, was completed alongside an unnamed co-investor and in partnership with the Company's founder and a private investment group.

Silversmith Capital Partners Leads Majority Growth Investment in Proven Optics

December 6, 2022

Cloud & SaaS

Silversmith Capital Partners led a majority growth investment in Proven Optics, a Columbus, Ohio-based IT financial management SaaS company founded by William Miller and Ben Perkins. The capital will be used to accelerate product development and expand sales and marketing; Silversmith has joined the company's board.

Main Street Capital Invests $47.4M to Finance Management-Led Buyout of Luxury Goods Retailer

January 4, 2022

Retail

Main Street Capital Corporation provided $47.4 million in a combination of first-lien senior secured term debt and a direct equity investment to finance a management-led buyout of an undisclosed leading U.S. retailer of luxury goods. Main Street and an unnamed co-investor partnered with the company’s senior management and also provided a revolving credit facility to support growth initiatives and working capital.

Main Street Capital Invests $42.5M in Minority Recapitalization of Doral Corporation

May 22, 2025

Industrial Services

Main Street Capital Corporation provided $42.5 million in a minority recapitalization of Doral Corporation, funding the deal with a mix of first-lien senior secured term debt and a direct equity investment. The transaction partners Main Street with Doral's existing owner to support the Milwaukee-based industrial contractor's operations and growth.