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Stock impact report

Capital Southwest Announces Sale of Media Recovery

Capital Southwest Corporation (CSWC) 
Last capital southwest corporation earnings: 2/3 04:45 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.capitalsouthwest.com/investor-relations
Company Research Source: GlobeNewswire
DALLAS, Nov. 25, 2019 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest,” “CSWC” or the “Company”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced that it closed the sale of Media Recovery, Inc. (“MRI”), d/b/a SpotSee, on November 25, 2019.  Capital Southwest originally invested $5.4 million in MRI in November 1997.  The sale transaction resulted in total value to Capital Southwest, in the form of cash and a potential earnout, generally in line with the most recent quarterly valuation. In commenting on the sale, Bowen Diehl, President and Chief Executive Officer, stated, “We are pleased to announce the sale of SpotSee.  SpotSee was one of the legacy portfolio companies we held after the spin-off of CSW Industrials and launch of our credit investment strategy.  Over the past four years, the management team has don Show less Read more
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