Main Street Capital Commits $25.6 Million to Support DMS Holdco Acquisition
Main Street Capital and MSC Income Fund provided $20.8 million in first-lien senior secured debt and $4.8 million equity, a total $25.6 million follow-on investment in DMS Holdco LLC to fund its acquisition of Johnson & Quin, Inc. and other growth initiatives. J&Q’s owners received equity in DMS through the deal.
1. Investment Details
Main Street Capital Corporation, alongside co-investor MSC Income Fund, Inc., completed a $25.6 million follow-on financing for its portfolio company DMS Holdco LLC. Main Street’s portion comprised $20.8 million of first-lien, senior secured term debt and a $4.8 million direct equity investment.
2. Strategic Rationale
The funding supports DMS’s acquisition of Johnson & Quin, Inc., a Chicago-based direct marketing services business with a 150-year history. The J&Q owners received equity stakes in DMS, positioning the combined entity to expand omni-channel marketing services across FinTech, banking, telecom and technology sectors.