OFS Capital sells 57% stake in SBIC I unit for $52.3 million gross proceeds
OFS•OFS Capital closed a deal admitting a third-party investor into OFS SBIC I, which bought about 57% of the partnership interests for $52.3 million. All proceeds were distributed to OFS Capital, which plans to redeploy net proceeds into debt and equity investments.
1. Sale and proceeds
OFS Capital closed a deal admitting a third-party investor into OFS SBIC I, which bought about 57% of the partnership interests. The investor paid $52.3 million to SBIC I, and all proceeds were distributed to OFS Capital.
2. Retained interest and plans
OFS Capital retains a 43% interest in SBIC I, while OFS SBIC I GP remains general partner and retains control. SBIC I holds 400 Class A shares of Pfanstiehl Holdings, a stake tied to 84.0% of net assets at June 30, 2026. OFS Capital plans to redeploy net proceeds into debt and equity investments, targeting higher net investment income.
