Initial Public Offering

Technology & Services
Initial Public Offering

Summary

Baird served as lead book-running manager on this offering

About

Garrison Capital Inc. (“Garrison” or the “Company”) (NASDAQ-GS: GARS) recently completed an initial public offering of 6,133,334 common shares at a price of $15.00 per share, generating gross proceeds of approximately $92.0 million. The Company intends to use the net proceeds from the offering for investments in line with its investment objectives and for general corporate purposes.

Garrison is a recently-organized, externally managed, non-diversified, closed-end management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. The Company’s investment objective is to generate current income and capital appreciation by making investments generally in the range of $10 million to $25 million primarily in debt securities and loans of U.S. based middle-market companies, which it defines as those having annual EBITDA of between $5 million and $30 million. Garrison’s goal is to generate attractive risk-adjusted returns by assembling a broad portfolio of investments. It primarily invests in first lien senior secured loans, second lien senior secured loans, “one-stop” senior secured or “unitranche” loans, subordinated or mezzanine loans, and to a lesser extent, selected equity co-investments in middle-market companies.

For additional information about this transaction, please contact:

Mark C. Micklem (202) 303-1815
Gary Placek (414) 765-3611
Paul Egge (202) 303-1816
Technology & Services
Initial Public Offering
Date
March 2013
Company
Garrison Capital Inc.
Transaction
M&A
Sectors
Technology & Services
Target Location
North America

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