Business
Capital Southwest Supports Long Ridge Equity Partners’ Majority Growth Investment of NinjaTrader
DALLAS, Jan. 14, 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, Jan. 14, 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 Long Ridge Equity Partners’ (“Long Ridge”) recent majority growth investment of NinjaTrader Group, LLC (“NinjaTrader” or the “Company”) with a revolver, 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. Main Street Capital Corporation (“Main Street”) (NYSE: MAIN), was its co-lender on the term loan and revolving credit facility. \n \"We are excited to partner with Long Ridge and support its growth investment in NinjaTrader. Long Ridge brings extensive experience in financial technology businesses, and we look forward to supporting NinjaTrader in the next phase of growth,\" said Josh Weinstein, Managing Director of Capital Southwest. Matt Darrah, Principal of Capital Southwest said, “NinjaTrader offers a unique combined software and futures brokerage service offering supported by an extensive third-party developed ecosystem targeting retail futures traders. We believe the Company will continue to be successful as futures traders seek more sophisticated analytic tools and integrated brokerage services.” Based in Denver, CO and Chicago, IL, NinjaTrader is a leading futures brokerage and trading platform provider. The Company’s software empowers over 60,000 active traders with intuitive charting technology, high-performance strategy backtesting, and advanced analytical capabilities. Users can also leverage more than 1,000 third-party applications via the NinjaTrader Ecosystem which allows retail futures traders to customize their platform & create high-powered trading strategies. About Capital Southwest Capital Southwest Corporation (Nasdaq: CSWC) is a Dallas, Texas-based, internally managed business development company, with approximately $328 million in net assets as of September 30, 2019. 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, s...