Business
Capital Southwest Supports Culper Capital’s Investment in The Producto Group
DALLAS, Jan. 06, 2022 (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, Jan. 06, 2022 (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 backed Culper Capital Partners’ (“Culper”) investment in The Producto Group (“Producto” or the “Company”) with a senior secured first lien term loan and a minority investment in the common equity. The Producto Group is formed by the acquisition of Ring Precision Components, New Vision Industries, and Dieco. Capital Southwest led the financing and will act as the sole administrative agent on the facility. \"We are thrilled to partner with Culper on the formation of its first operating platform, Producto. We look forward to supporting Culper and the Company as they continue to deliver high quality tooling and components for their customers across a variety of industries,” said Josh Weinstein, Senior Managing Director at Capital Southwest. Spencer Klein, Senior Vice President at Capital Southwest, added, “Producto is well positioned to gain wallet share with existing customers and acquire new customers with their advanced equipment and industry expertise. The Principals of Culper have a wealth of experience in the precision tooling manufacturing space and will undoubtedly use that background to help drive growth for the platform.” The Producto Group, through Ring Precision and New Vision, serves as a solution driven, contract manufacturer and precision tooling provider for components and tooling for a wide variety of industries, including the medical, semiconductor, aerospace, and defense markets. Producto’s cutting edge manufacturing and quality control equipment uniquely positions the Company to provide solutions for its customers most demanding applications. The Company’s distribution arm, Dieco, provides custom springs, die springs, accessories, die sets and other components. About Capital Southwest Capital Southwest Corporation (Nasdaq: CSWC) is a Dallas, Texas-based, internally managed business development company with approximately $818 million in investments at fair value as of September 30, 2021. Capital Southwest is a middle market lending firm focused on supporting the acquisition and growth of middle market businesses with ...