DALLAS, Sept. 27, 2017 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest”) (Nasdaq:CSWC)
announced today that it supported the recent acquisition of Zenfolio Inc. (“Zenfolio”) by Centre Lane Partners (“Centre Lane”) with
a first lien term loan and a revolving credit facility. Capital Southwest serves as the sole administrative agent on the
credit facility and made an equity co-investment in the transaction. Eagle Hill Advisors was a co-investor in the term loan.
"We are pleased to have the opportunity to partner with Centre Lane on the acquisition of Zenfolio," said Josh
Weinstein, Managing Director of Capital Southwest. “We think Zenfolio offers a unique solution to professional photographers
and believe Centre Lane is the right partner for the company as it transitions to a standalone business from Art.com.”
Zenfolio, headquartered in Menlo Park, California, is a software platform for professional and amateur
photographers to showcase, manage and monetize their work with a comprehensive feature set, including a suite of marketing tools
that saves time, increases efficiency and allows them to focus on photography.
About Capital Southwest
Capital Southwest Corporation (Nasdaq:CSWC) is a Dallas, Texas-based, Internally Managed Business Development
Company which has net assets of approximately $287 million 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
