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Capitala Group successfully exited three investments: Xirgo Technologies, CIS Secure Computing, and PEOPLEASE. Xirgo, specializing in IoT solutions, was invested in since December 2016. CIS, providing secure communication technologies, was backed since September 2017. PEOPLEASE, a professional employer organization, was supported since August 2020. Capitala has invested over $2 billion in around 170 companies since its inception in 1998, focusing on the lower middle market in North America.
Capitala Finance Corp. (Nasdaq:CPTA) reported its Q1 2021 financial results, highlighting a net asset value (NAV) per share increase of 11.3% to $44.74. The company repaid $20 million in SBA-guaranteed debentures, reducing its debt-to-equity ratio to 1.62:1. However, total investment income fell to $4.9 million, a decline from $7.1 million in Q1 2020, primarily due to reduced interest income. The company experienced net realized losses of $14 million and net unrealized appreciation of $27.2 million. They announced a strategic partnership with Mount Logan Management, pending shareholder approval.
Capitala Group has successfully recapitalized United Air Temp, a prominent HVAC services provider, in collaboration with Summit Park and Pareto & Company. Operating in 32 locations, primarily in Washington, D.C. and Northern Virginia, UAT focuses on HVAC maintenance and replacement for residential clients. Capitala's Managing Director hailed the deal as a step towards UAT's future growth, reflecting Capitala's commitment to partnering with skilled management teams for enhanced value creation. With over $2 billion invested across 170 companies since 1998, Capitala continues to strengthen its position in the lower middle market.
Capitala Finance Corp. (CPTA) has announced it will release its first quarter 2021 financial results on May 3, 2021, after market close. A conference call to discuss these results is scheduled for May 4, 2021, at 8:30 a.m. EDT, accessible via their investor relations website. Capitala Finance is a business development company primarily focusing on first lien loans to lower middle market companies. It aims to create value and deliver superior returns, having invested over $2 billion in approximately 170 companies since its inception.
Capitala Finance Corp. (CPTA) announced its financial results for Q4 and full year 2020, reporting a net asset value per share of $40.19, up from $39.99 in Q3 2020. Total investment income fell to $5.7 million in Q4 2020 from $9.6 million in Q4 2019, largely due to decreased interest income. Full-year investment income was $26.4 million, down from $44 million in 2019. Net realized losses reached $24 million, marking an increase from $19.8 million in the previous year. The company maintained cash balances of $49.9 million.
Capitala Group announced its investment in Fremont-Wright, LLC, partnering with SouthWorth Capital Management. This investment marks a significant step for Fremont-Wright as it plans to expand its engineering, surveying, and architectural services across eleven states. Based in Memphis, the company encompasses nine entities and aims to pursue suitable acquisitions to bolster its growth. Capitala has invested over $2.0 billion in approximately 170 companies since its inception, showcasing its commitment to providing capital to lower middle market firms.
Capitala Group has announced an investment in Proactive Dealer Solutions, a veteran-owned business that provides lead management and conversion services in the automotive sector. Headquartered in Huntersville, NC, Proactive helps dealerships enhance their culture and revenue through tailored solutions across various industries, including RV and marine sectors. Capitala's CEO expressed pride in partnering with Proactive's innovative leadership to support its growth and best-in-class offerings.
Capitala Finance Corp. (Nasdaq:CPTA) announced it will report its fourth quarter 2020 financial results on March 8, 2021, after market close. A conference call to discuss these results is scheduled for March 9, 2021, at 8:30 a.m. EDT, available on the investor relations website. The Company primarily invests in first and second lien loans, subordinated debt, and some equity securities, focusing on lower and traditional middle market companies. Capitala Group has over $2.0 billion invested in approximately 170 companies since its inception in 1998.
Capitala Group has announced a significant investment of $35.9 million in Cold Bore Capital to help establish American Landscaping Partners, LLC (ALP). This funding consists of a senior secured debt facility and minority equity, aimed at supporting ALP's growth by acquiring additional landscaping businesses across the U.S. Based in Nashville, TN, ALP operates in the residential and commercial landscaping sectors. Capitala has invested over $2.0 billion in approximately 170 companies since its inception in 1998.
