CHARLOTTE, N.C., Nov. 19, 2018 (GLOBE NEWSWIRE) -- Capitala Group (“Capitala” or the “Company”), a provider of capital to lower and traditional middle market companies, announced today that it has invested in Visible Body, the creator of the world’s best-selling human anatomy apps.
“Visible Body is a market leader in both its business-to-consumer and business-to-business segments,” stated Jack Vander Leeuw, Vice President of Capitala Group. “We look forward to working with Visible Body’s talented management team to build on its momentum and very strong business model.”
Visible Body’s Human Anatomy Atlas application has been a global phenomenon since it was introduced in 2007 and today is consistently ranked as one of the top paid apps across all categories in the U.S., China, Japan, Germany, France and other countries. In addition to its consumer apps, the firm’s cloud-based Visible Learning Platform (VLP) serves the growing educational and institutional market. VLP is used by universities, high schools, and online learning providers, as well as healthcare professionals for training and continuing education.
Clients of Visible Body include Apple, Google, Microsoft, Medtronic, Wolters Kluwer and zSpace; medical centers such as Mass General Hospital; and pharmaceutical companies such as Johnson & Johnson.
Capitala’s investment in Visible Body will help accelerate growth in the business-to-consumer space and help expand their business-to-business marketplace objectives.
About Capitala Group
Capitala Group is a $2.7 billion asset management firm that provides capital to lower and traditional middle market businesses throughout North America with office locations in Atlanta, Charlotte, Fort Lauderdale, Los Angeles, New York, and Raleigh. Capitala’s lower middle market investment strategy focuses on investing in debt securities with minority equity co-investments with less than $250 million in enterprise value through its permanent capital vehicles, Capitala Finance Corp. (CPTA) and Capitala Specialty Lending Corp. (CSLC). Capitala’s growth fund strategy targets control and minority equity investments, typically coupled with credit investments, in lower middle market companies with less than $30 million in enterprise value through both SBIC (CapitalSouth SBIC Fund IV, L.P.) and non-SBIC closed-end funds. Capitala Group has invested in approximately 150 companies since its inception in 1998 and seeks to partner with strong management teams to create value and achieve optimal outcomes for its investors. For more information, visit our website at www.CapitalaGroup.com.
SOURCE: Capitala Finance Corp.
Steve Arnall, Chief Financial Officer