Capitala Group Announces Three Portfolio Exits with Total Cash Realizations of $65.0 Million

Rhea-AI Summary

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.

Positive

• Successful exit from three investments, enhancing liquidity.
• Strong track record with over $2 billion invested in 170 companies.

Negative

• None.

CHARLOTTE, N.C., May 19, 2021 (GLOBE NEWSWIRE) -- Capitala Group (“Capitala”), a provider of capital to lower middle market companies, announced today that it has successfully exited three of its investments: Xirgo Technologies, CIS Secure Computing, and PEOPLEASE.

Xirgo Technologies: Headquartered in Camarillo, CA, Xirgo Technologies is a provider of customized IoT solutions for various industry verticals, including insurance telematics, fleet management, asset tracking, monitoring & control, transportation logistics & mobility. Capitala invested in Xirgo Technologies in December 2016 alongside Indianapolis-based private equity firm HKW.

CIS Secure Computing: Based out of Dulles, VA, CIS Secure Computing (CIS) is a provider of secure and customized communications technologies that help prevent data leaks/tracking, eavesdropping, and hacking. CIS provides both hardware and software solutions to the intelligence and law enforcement communities within its various government and commercial security-conscious customer base. Capitala invested in CIS in September 2017 and exited through the sale of the company.

PEOPLEASE: PEOPLEASE is a full-service professional employer organization headquartered in Mount Pleasant, SC. Small-to-medium-sized businesses, rapid-growth companies, and established enterprise operations alike benefit from PEOPLEASE ’s large employee base with customized yet cost-effective solutions for payroll, human resources, benefits, tax and finance administration, safety, and risk management. Capitala invested in PEOPLEASE in August 2020 alongside AVC Partners and completed the exit by virtue of the sale of the company.

Capitala actively seeks to make meaningful equity and credit investments in smaller yet growing businesses with strong management teams in the U.S.

About Capitala Group
Capitala Group is an asset management firm that has been providing capital to lower middle market companies throughout North America for over twenty years. Since our inception in 1998, Capitala has invested over $2.0 billion in approximately 170 companies and seeks to partner with strong management teams to create value and aims to generate superior risk-adjusted returns for our individual and institutional investors. For more information, definitions, and details visit our website at www.CapitalaGroup.com.

Contacts:

Steve Arnall
CFO | Investor Relations
sarnall@capitalagroup.com 

Katina Cole Jakubowski
Marketing | Communications
kjakubowski@capitalagroup.com 

FAQ

What investments did Capitala exit on May 19, 2021?

On May 19, 2021, Capitala exited investments in Xirgo Technologies, CIS Secure Computing, and PEOPLEASE.

What is the significance of Capitala's investment strategy?

Capitala focuses on investing in lower middle market companies, seeking to partner with strong management to create value and generate superior returns.

When did Capitala invest in Xirgo Technologies?

Capitala invested in Xirgo Technologies in December 2016.

What type of company is PEOPL<em>EASE</em>?

PEOPLEASE is a professional employer organization providing payroll and HR solutions for small to medium-sized businesses.