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Triangle Capital Invests $24.5MM in Smile Brands Group

August 29, 2016, 07:34 AM
Filed Under: Healthcare

Triangle Capital Corporation, a leading provider of capital to lower middle-market companies, announced it closed a $24.5 million investment in Smile Brands Group (“Smile Brands”) consisting of subordinated debt and equity. Smile Brands is a dental service organization operating clinics in 17 states. Smile Brands provides general dentistry, dental hygiene and specialty services, as well as centralized scheduling, billing, marketing and financing for its office locations.

Triangle Capital Corporation invests capital in established companies in the lower middle market to fund growth, changes of control and other corporate events.  Triangle offers a wide variety of investment structures with a primary focus on mezzanine financing with equity components.  Triangle’s investment objective is to seek attractive returns by generating current income from debt investments and capital appreciation from equity related investments.  Triangle’s investment philosophy is to partner with business owners, management teams and financial sponsors to provide flexible financing solutions.  Triangle typically invests $5.0 million - $35.0 million per transaction in companies with annual revenues between $20.0 million and $200.0 million and EBITDA between $3.0 million and $35.0 million.

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