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Stellus Capital Management, LLC Provides Second Lien Financing to Altamont Capital Partners and Douglas Products, LLC

Aug 06, 2015

Houston – TX, August 6, 2015 – Stellus Capital Management, LLC (Stellus) announced today that its affiliates acted as agent and lead lender in providing a Second Lien Loan Facility and equity capital in support of Altamont Capital Partners (“ACP”) and Douglas Products, LLC (“Douglas”) purchase of the Vikane and ProFume businesses from Dow AgroSciences (a subsidiary of The Dow Chemical Company).

Randall Eason, Co-Founder and Managing Director of Altamont, said, “It was a pleasure working with Stellus on this transaction. We look forward to continuing our relationship with them on future deals.”

Robert T. Ladd, Managing Partner at Stellus, noted, “We are excited to support ACP and Douglas in this transaction. ACP is a world-class sponsor and Douglas is quickly establishing itself as a leading specialty chemicals platform. This deal continues our long track record of working closely with leading private equity firms, strong management teams, and middle-market businesses.”

Adam Pollock, Managing Director at Stellus added, “This was a truly unique opportunity to partner with Altamont, Douglas and CIT Sponsor Finance (senior debt provider) and provide a capital commitment to help facilitate Douglas’ continued success.”

ACP is a private equity firm based in the San Francisco Bay Area with over $1 billion in capital under management. ACP is focused on investing in middle-market businesses and partnering with leading management teams to help them reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries and transaction types.

Headquartered in Liberty, Missouri, Douglas was founded in 1916 and has grown into a leading manufacturer and distributor of specialty chemical products for pest management, thermal fluids, and sanitary sewer applications. The acquisition of Vikane and ProFume further diversifies Douglas’ business within the pest control and agricultural markets.

About Stellus Capital Management ….

Stellus Capital Management is a leading private investment firm focused on two investment strategies: middle market private credit and energy-focused private equity. The private credit strategy seeks to maximize total return in the form of income and capital appreciation by investing primarily in middle-market through first lien, second lien, unitranche, and mezzanine debt financing, and corresponding equity investments. The energy-focused private equity strategy seeks to achieve capital gains and superior investment returns by making investments in equity and equity-linked debt capital in small and middlemarket energy businesses. To learn more about Stellus Capital Management, please visit www.stelluscapital.com.

For Inquiries Related to this Press Release, please contact:
Stellus Capital Management, LLC
W. Todd Huskinson, (713) 292-5414
Chief Financial Officer
thuskinson@stelluscapital.com