Business
Capital Southwest Supports Cohere Capital’s Investment in Sonobi
DALLAS, Oct. 28, 2020 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest”) (Nasdaq: CSWC), an internally managed business development
About this update from Capital Southwest Corporation
[{"type":"text","content":"DALLAS, Oct. 28, 2020 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that it supported Cohere Capital’s (“Cohere”) recent investment in Sonobi, Inc. (“Sonobi” or the “Company”) with a first lien term loan and equity co-investment. Capital Southwest led the financing transaction and will act as the sole administrative agent on the credit facility.\n \"We are excited to partner with Cohere and Sonobi. Cohere brings extensive experience in the advertising technology space, and we look forward to supporting the business in its next phase of growth,\" said Josh Weinstein, Managing Director of Capital Southwest. Grant Eason, Vice President of Capital Southwest said, “Sonobi plays a critical role in the digital advertising ecosystem and through its Jetstream solution is at the forefront of the industry’s transition to first party data.” Since its inception in 2012, Sonobi has been a pioneer in digital advertising technology and programmatic spend. Sonobi’s people-based identifier (PBID) incorporates multiple identity approaches into a single ID that is cross-compatible and able to match first-party data from both publishers and brands, solving for identity across screens and environments. With access to over 125 million people across premium publications on the Sonobi platform, advertisers are now able to reach large audiences in cookie-less environments with increased transparency. About Capital Southwest Capital Southwest Corporation (Nasdaq: CSWC) is a Dallas, Texas-based, internally managed business development company, with approximately $278 million in net assets as of June 30, 2020. Capital Southwest is a middle market lending firm focused on supporting the acquisition and growth of middle market businesses with $5 to $25 million investments across the capital structure, including first lien, unitranche, second lien, subordinated debt and non-control equity co-investments. As a public company with a permanent capital base, Capital Southwest has the flexibility to be creative in its financing solutions and to invest to support the growth of its portfolio companies over long periods of time. About Cohere Capit...