Main Street makes new $27.2M portfolio investment in DMS HoldCo
Main Street recently made a new portfolio investment to facilitate the management led buyout of DMS Holdco, a provider of omni-channel direct marketing services. Main Street, along with a co-investor, partnered with the company's management team to facilitate the transaction, with Main Street funding $27.2M in a combination of first-lien, senior secured term debt and a direct equity investment. In addition, Main Street and its co-investor are providing DMS an undrawn credit facility to support its future growth initiatives and working capital needs. Headquartered in Portland, Oregon, and founded in 1982, DMS develops and executes end-to-end, omni-channel direct marketing services including strategy, creative design, direct mail production/fulfillment, and digital marketing to various end markets including the FinTech, banking, telecom and technology industries.