SOURCE: Technology Investment Capital Corp.

March 07, 2006 06:00 ET

TICC Announces $20 Million Transaction with The CAPS Group

GREENWICH, CT -- (MARKET WIRE) -- March 7, 2006 -- Technology Investment Capital Corp. (NASDAQ: TICC) announced today that it has completed a $20 million investment in senior secured notes issued by wholly owned subsidiaries of Group 329, LLC (d/b/a The CAPS Group), which also issued TICC warrants in connection with this transaction. The CAPS Group is a provider of digital and other graphic arts services to corporations, advertising agencies and design firms. TICC's investment supports the acquisition of the educational product development, catalog, publication and New York-based advertising pre-media operations of Schawk, Inc. (NYSE: SGK), a digital imaging graphics services provider.

About The CAPS Group

Established in 2001, The CAPS Group is an independent graphic arts services provider. Its clients include Fortune 500 corporations, mid-market companies, nationally recognized publishers and large advertising agencies. The privately held company is headquartered in Chicago, and its eight member firms are Alchemy, Black Dot Group, CAPS 57, CPE, HudsonYards, Paragraphs, Superior Digital Graphics and Wisconsin Technicolor. For additional information please visit www.the-caps-group.com.

About Technology Investment Capital Corp.

We are a publicly traded business development company principally engaged in providing capital to small to mid-size technology-related companies. While the structures of our financings vary, we look to invest primarily in the debt and equity of established technology-related businesses. Companies interested in learning more about financing opportunities should contact Barry Osherow at (203) 661-9572 or visit our website at www.ticc.com.

Forward-Looking Statements

This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact (including statements containing the words "believes," "plans," "anticipates," "expects," "estimates" and similar expressions) should also be considered to be forward-looking statements. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors are identified from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to update such statements to reflect subsequent events.

Contact Information

  • Contact:
    Patrick Conroy
    203-983-5282