DALLAS, Sept. 27, 2017 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (Nasdaq:CSWC) announced today that it supported the recent acquisition of Zenfolio Inc. by Centre Lane Partners with a first lien term loan and a revolving credit facility. Capital Southwest serves as the sole administrative agent on the credit facility and made an equity co-investment in the transaction. Eagle Hill Advisors was a co-investor in the term loan.
"We are pleased to have the opportunity to partner with Centre Lane on the acquisition of Zenfolio," said Josh Weinstein, Managing Director of Capital Southwest. “We think Zenfolio offers a unique solution to professional photographers and believe Centre Lane is the right partner for the company as it transitions to a standalone business from Art.com.”
Zenfolio, headquartered in Menlo Park, California, is a software platform for professional and amateur photographers to showcase, manage and monetize their work with a comprehensive feature set, including a suite of marketing tools that saves time, increases efficiency and allows them to focus on photography.
About Capital Southwest
Capital Southwest Corporation (Nasdaq:CSWC) is a Dallas, Texas-based, Internally Managed Business Development Company which has net assets of approximately $287 million as of June 30, 2017. Capital Southwest is a middle-market lending firm focused on supporting the acquisition and growth of middle market businesses. Capital Southwest makes investments ranging from $5 to $20 million in securities 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.