Marshall Retail Group Undergoes Dividend Recap

ICV Partners has completed a $95.5 million dividend recapitalization of its portfolio company Marshall Retail Group. Funding for the transaction was provided by Golub Capital in the form of senior stretch financing. The proceeds were used to refinance existing debt and pay a dividend to shareholders. MRG was acquired by ICV in 2008 and operates specialty retail stores in the casino-resort marketplace.