Main Street Capital Corporation announced on May 12, 2025, the full exit of its debt investments and a partial exit of its equity investment in Nebraska Vet AcquireCo, LLC, operating as Heritage Vet Partners. This transaction occurred upon the completion of a majority recapitalization with a new financial sponsor.
Main Street realized a substantial gain of $55.5 million on its equity investment in Heritage, which was $1.9 million above its fair market value as of March 31, 2025. The company also received total dividends of $7.4 million over the life of its equity investment.
On a cumulative basis since the initial investment in December 2020, Main Street achieved an annual internal rate of return (IRR) of 72.2% and a 10.0 times money invested (TMI) return on its equity investment. Including both debt and equity investments, the cumulative IRR was 32.2% and a 2.1 TMI return.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.