Main Street Capital Corporation (NYSE: MAIN) (“Main Street”) is pleased to announce that it recently fully exited its debt investments and partially exited its equity investment in Nebraska Vet AcquireCo, LLC, dba Heritage Vet Partners (“Heritage” or the “Company”) upon the completion of a majority recapitalization with a new financial sponsor. Heritage is the leading national provider of rural, mixed and large animal veterinary services and products to livestock producers and companion animal owners throughout the United States. On a cumulative basis since Main Street’s initial investment in December 2020 and taking the realized gain and dividends into consideration, Main Street realized an annual internal rate of return (“IRR”) of 72.2% and a 10.0 times money invested (“TMI”) return on its equity investment in Heritage.
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Source: https://www.mainstcapital.com/investors/news-events/press-releases/detail/2721/main-street-announces-partial-exit-of-portfolio-investment