Main Street Capital Invests $31.8M in Classic H&G Holdings (Minority Recapitalization)
March 19, 2020
Main Street Capital Corporation provided $31.8 million in a combination of first‑lien senior secured term debt and a minority direct equity investment to Classic H&G Holdings, LLC to facilitate a minority recapitalization and provide growth capital and liquidity. The investment, made alongside an unnamed co‑investor and in partnership with the company's existing owner and senior management, also includes a credit facility to support Classic's future growth initiatives and working capital needs.
- Buyers
- Main Street Capital Corporation
- Targets
- Classic H&G Holdings, LLC
- Sellers
- Existing owner and senior management
- Industry
- Packaging
- Location
- Connecticut, United States
- Transaction Type
- Recapitalization
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