DALLAS, June 26, 2015 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (Nasdaq:CSWC) (“Capital Southwest” or “the Company”), today announced that seasoned credit investing and structured finance professional Josh Weinstein has joined the Company as a Principal on the investment team, effective immediately. Mr. Weinstein brings to Capital Southwest extensive sourcing and underwriting experience in both direct lending and middle market syndicated credits.
“We are excited to welcome Josh to Capital Southwest as we continue to expand our credit-focused investment team in preparation for our upcoming spin-off in the third quarter of this year,” said Bowen S. Diehl, Chief Investment Officer of Capital Southwest. “Josh has significant experience in sourcing, evaluating, structuring and monitoring credit investments with many middle-market companies in a variety of industries. Josh adds significant credit screening and underwriting depth to the team and represents another step forward in putting the right team in place to continue to deploy capital in credit investments. We look forward to taking advantage of our growing pipeline to build our debt portfolio and create long-term shareholder value.”
Mr. Weinstein brings 15 years of capital markets and investment experience to Capital Southwest. Before joining the Company, he was a Principal at H.I.G. WhiteHorse where he was responsible for all aspects of the investment process, including sourcing, evaluation, structuring and monitoring middle market credits in multiple industries for a number of credit platforms including a publicly traded BDC. Prior to H.I.G. WhiteHorse, he was a Vice President of WhiteHorse Capital Partners, L.P., a leading credit investor and manager of Collateralized Loan Obligations, where he managed roughly $300 million of assets. Before joining WhiteHorse, Mr. Weinstein also held positions at Morgan Stanley and Citigroup. He received a B.A. in Economics and Mathematics from Columbia University, an M.B.A. from the University of Southern California’s Marshall School of Business and holds the Chartered Financial Analyst designation.
About Capital Southwest Corporation
Capital Southwest Corporation (Nasdaq:CSWC) is a Dallas-based publicly traded business development company ("BDC"), with approximately $775 million in assets. On December 2, 2014, Capital Southwest announced its intent to separate into two public companies through the spin-off of certain of its control assets into a diversified industrial growth company, CSW Industrials, Inc. (“CSWI”), and the refocusing of the BDC on lending to strong middle market companies. As a result, Capital Southwest is currently active in the market executing its new investment strategy focused on investments ranging from $5 million to $20 million in senior "unitranche" debt, second lien and subordinated debt, as well as equity co-investments to support the acquisition and growth of middle market companies. The control companies that will be contributed by Capital Southwest to CSWI prior to the spin-off are actively seeking growth through add-on acquisitions. Since Capital Southwest's formation in 1961, it has always sought to invest in companies with strong management teams and sound financial performance. As a public company, Capital Southwest is fortunate to have the flexibility to be creative in its financing structures and to invest to support the growth of its portfolio companies over long periods of time.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 relating to, among other things, the manner, tax-free nature and expected benefits associated with the proposed spin-off of certain of Capital Southwest's control assets into CSWI, a new, independent, publicly traded company, the expected timing of the completion of the spin-off and the business, financial condition and results of operations of Capital Southwest, including the businesses of CSWI. Any statements preceded or followed by or that include the words "believe," "expect," "intend," "plan," "should" or words, phrases or similar expressions or the negative thereof, are intended to identify forward-looking statements. These statements are made on the basis of the current beliefs, expectations and assumptions of the management of Capital Southwest. There are a number of risks and uncertainties that could cause Capital Southwest's actual results to differ materially from the forward-looking statements included in this communication. These risks and uncertainties include, but are not limited to, risks relating to Capital Southwest's ability to obtain all necessary approvals to complete, and to otherwise complete, the proposed spin-off transaction and to achieve the expected benefits therefrom.
In light of these risks, uncertainties, assumptions, and other factors inherent in forward-looking statements, actual results may differ materially from those discussed in this communication. Other unknown or unpredictable factors could also have a material adverse effect on Capital Southwest's actual future results, performance, or achievements. For a further discussion of these and other risks and uncertainties applicable to Capital Southwest and its business, see Capital Southwest's Annual Report on Form 10-K for the fiscal year ended March 31, 2015 and subsequent filings with the Securities and Exchange Commission. As a result of the foregoing, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this communication. Capital Southwest does not assume any obligation to update these forward-looking statements to reflect any new information, subsequent events or circumstances, or otherwise, except as may be required by law.