Steve Gardner, the company's president and CEO stated, "We are very pleased to participate in this transaction and expand our relationship with Wingate Partners. The combination of IGI and Nekoosa is an attractive opportunity given the similarities in manufacturing processes and strong relationships with their respective channel partners, and we look forward to their continued expansion and success. This investment increases our total year-to-date new investment activity to $72 million, and middle market non-energy investments now make up approximately 18 percent of our investment portfolio."
About NGP Capital Resources Company
NGP Capital Resources Company is a closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. We principally invest in private companies and from time to time, we may also invest in public companies. We invest primarily in senior secured and mezzanine loans according to our business plan and in some instances receive equity interests in portfolio companies in connection with such investments. Our manager is NGP Investment Advisor, LP, an affiliate of NGP Energy Capital Management ("NGP ECM"). Founded in 1988, NGP ECM is a premier investment franchise in the natural resources industry, which together with its affiliates has managed approximately $13 billion in cumulative committed capital since inception.
- Companies:
- Nekoosa Coated Products