Main Street Capital Corporation recently led a new portfolio investment totaling $15.9 million of invested capital to facilitate the majority recapitalization of SoftTouch Medical Holdings LLC, the parent company of SoftTouch Medical, LLC., with Main Street funding $13.5 million of the investment. Main Street's portion of the investment in SoftTouch included $8.5 million of first lien, senior secured term debt and a $5.0 million equity investment for a control equity ownership position in the company. Main Street and its co-investor partnered with the company's founder, president and other members of management to facilitate the transaction.
Headquartered in Marietta, Georgia, and founded in 1997, SoftTouch is the leading regional home provider of durable medical equipment and services, primarily serving pediatric patients in the greater Atlanta, Georgia metropolitan area. SoftTouch was founded to address the needs of the increasing amount of patients receiving home healthcare treatment. The company provides a broad array of medical equipment and services to chronically ill youth through its diverse product offerings, including respiratory therapy, enteral feeding, phototherapy, ventilators, amongst others.
Main Street is a principal investment firm that provides long-term debt and equity capital to lower middle market companies and debt capital to middle market companies.