CHARLOTTE, N.C., May 26, 2015 (GLOBE NEWSWIRE) -- Capitala Finance Corp. ("Capitala") (Nasdaq:CPTA) announced today that it recently invested, in a combination of equity and senior secured debt, in Brunswick Bowling Products, Inc. ("Brunswick"), a leading full-line supplier of bowling center equipment, supplies, and consumer bowling products. Capitala partnered with BlueArc Capital, Gladstone Investment Corporation, and members of executive management in the buyout of Brunswick Bowling Products Inc. from Brunswick Corporation.
Headquartered in Muskegon, Michigan, Brunswick has been a leader in the recreation industry for more than 165 years. Brunswick was founded in 1845 to make billiards tables and diversified into bowling products in 1890. Brunswick provides industry expertise, products, installation and maintenance for the development and renovation of new and existing centers as well as mixed-use facilities across the entertainment industry.
About Capitala Finance Corp.
Capitala Finance Corp. is a business development company that invests primarily in traditional mezzanine, senior subordinated and unitranche debt, as well as senior and second-lien loans and, to lesser extent, equity securities issued by lower and traditional middle-market companies. Capitala Finance Corp. is managed by Capitala Investment Advisors, LLC. For more information, please visit www.CapitalaGroup.com
About BlueArc Capital Management
Founded in 2005 by Ron Zazworsky, Jr., BlueArc Capital Management is a private investment firm that offers alternative asset management strategies for family office investors and select institutional partners. Through its private equity business, the firm makes control investments in middle-market companies across a wide range of industries.
About Gladstone Investment Corporation
Gladstone Investment Corporation is a publicly traded business development company that seeks to make debt and equity investments in small and mid-sized businesses in the United States in connection with acquisitions, changes in control and recapitalizations. Additional information can be found at www.gladstonecompanies.com.
This press release contains certain forward-looking statements. Words such as "believes," "intends," "expects," "projects," "anticipates," and "future" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Capitala's filings with the Securities and Exchange Commission. Capitala Finance Corp. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.
CONTACT: Capitala Finance Corp.Stephen Arnall, Chief Financial Officer
Source: Capitala Finance Corp.
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