DALLAS, Aug. 15, 2017 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest”) (Nasdaq:CSWC)
announced today that it supported the recent acquisition of Alliance Sports Group, L.P. and its related entities (collectively,
“Alliance Sports Group”) by LKCM Headwater Investments (“Headwater”), the private investment arm of Luther King Capital Management
(“LKCM”). Capital Southwest invested $10.1 million of subordinated notes and also made an equity co-investment in the
transaction.
"We are pleased to have the opportunity to partner with the Headwater team on the acquisition of Alliance Sports
Group," said Douglas Kelley, Managing Director of Capital Southwest. “We are impressed with the company’s unique go-to-market
strategy and believe that Headwater’s experience in working with management teams to drive growth will benefit the company as it
looks to continue to drive shareholder value in its next chapter.”
Alliance Sports Group, headquartered in Grand Prairie, Texas, designs and markets a broad range of branded
consumer products known for their innovative designs, unique features, and high quality across multiple product categories in the
outdoor enthusiast and active lifestyle market. The Company distributes these products through six different brands: NEBO
(flashlights and lighting tools), iProtec (lighting and firearm accessories), True Utility (utility and everyday carry tools),
Bollinger (fitness accessories) and WeatherRite and Quarrow (outdoor lighting and fishing accessories).
About Capital Southwest
Capital Southwest Corporation (Nasdaq:CSWC) is a Dallas, Texas-based, Internally Managed Business Development
Company, with approximately $287.4 million in net assets 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.
Forward-Looking Statements
This press release contains historical information and forward-looking statements within the meaning of The
Private Securities Litigation Reform Act of 1995 with respect to the business and investments of Capital Southwest. Forward-looking
statements are statements that are not historical statements and can often be identified by words such as "will," "believe,"
"expect" and similar expressions and variations or negatives of these words. These statements are based on management's current
expectations, assumptions and beliefs. They are not guarantees of future results and are subject to numerous risks, uncertainties
and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statement. These
risks include risks related to changes in the markets in which Capital Southwest invests, changes in the financial and lending
markets, regulatory changes, tax treatment and general economic and business conditions.
Readers should not place undue reliance on any forward-looking statements and are encouraged to review Capital
Southwest's Annual Report on Form 10-K for the year ended March 31, 2017 and subsequent filings with the Securities and Exchange
Commission for a more complete discussion of the risks and other factors that could affect any forward-looking statements. Except
as required by the federal securities laws, Capital Southwest does not undertake any obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future events, changing circumstances or any other reason after
the date of this press release.
Investor Relations Contact: Michael S. Sarner, Chief Financial Officer 214-884-3829
