CHARLOTTE, N.C., Sept. 25, 2018 (GLOBE NEWSWIRE) -- Capitala Group (“Capitala” or the “Company”) announced today
that it recently led a $45.0 million investment to support ITC Capital Partners in its acquisition of the BVU OptiNet fiber optic
network by Sunset Digital Holding, LLC.
“We were excited to have led the financing for this transaction.” stated Joe Alala, III, Chairman & CEO of
Capitala Group. “We are equally as excited to have worked with ITC Capital Partners on this deal, as they have demonstrated their
capability of successfully investing in the suburban and rural telecommunications space.”
Based out of Bristol, VA, Sunset Digital is a tier-two next generation fiber optics services company serving the
southwest Virginia and northeast Tennessee regions. Sunset provides broadband Internet, private data, Internet Protocol
Television, and Telephone services to residential customers, small business, medical facilities, banks and other Internet service
providers.
About Capitala Group
Capitala Group is a $2.7 billion asset management firm that provides capital to lower and traditional middle
market businesses throughout North America with office locations in Atlanta, Charlotte, Fort Lauderdale, Los Angeles, New York, and
Raleigh. Capitala’s lower middle market investment strategy focuses on investing in debt securities with minority
equity co-investments with less than $250 million in enterprise value through its permanent capital vehicles, Capitala Finance
Corp. (Nasdaq:CPTA) and Capitala Specialty Lending Corp. (CSLC). Capitala’s growth fund strategy targets control and
minority equity investments, typically coupled with credit investments, in lower middle market companies with less than $30 million
in enterprise value through both SBIC (CapitalSouth SBIC Fund IV, L.P.) and non-SBIC closed-end funds. Capitala Group has
invested in over 150 companies since its inception in 1998 and seeks to partner with strong management teams to create value
and achieve optimal outcomes for its investors. For more information, visit our website at www.CapitalaGroup.com.
SOURCE: Capitala Finance Corp.
Capitala Group
Steve Arnall, Chief Financial Officer
704-376-5502
sarnall@capitalagroup.com
