Chicago Growth Partners has completed a dividend recapitalization of portfolio company Advanced Pain Management. Based in Greenfield, WI, APM administers pain management treatments at over 40 ambulatory surgical center and clinic locations across Wisconsin and Minnesota. The recapitalization was funded with excess cash from the company’s balance sheet and a third party debt facility. The proceeds were used to refinance APM's existing debt and pay a dividend to company shareholders. Chicago Growth Partners has held a majority stake in the company since 2010.