M&A - CNL Strategic Capital, LLC
Form Type: 8-K
Filing Date: 2025-06-24
Corporate Action: Acquisition
Type: New
Accession Number: 000199937125008187
Filing Summary: On June 23, 2025, CNL Strategic Capital, LLC announced entering into a Sixth Amended and Restated Management Agreement with CNL Strategic Capital Management, LLC, updating the management fee structure. The current term of this agreement lasts until February 7, 2026, with the possibility of renewal. Additionally, the company acquired an approximately 91% indirect equity interest in International Franchise Professionals Group (IFPG) with a total investment of approximately $113.5 million, split between common equity and a debt investment. The board also declared cash distributions for all share classes with specific amounts per share, effective July 25, 2025, and updated net asset value per share classes.
Additional details:
Management Agreement Update: Updated accrual frequency of the Total Return Incentive Fee from quarterly to monthly
Equity Acquisition: 91% indirect ownership in IFPG
Total Investment: $113.5 million
Debt Investment: $23.0 million through senior secured note
Distribution Record Date: July 25, 2025
Distribution Payment Date: July 28, 2025
Declared Distribution Per Share Class FA: $0.104167
Declared Distribution Per Share Class A: $0.104167
Declared Distribution Per Share Class T: $0.083333
Declared Distribution Per Share Class D: $0.093750
Declared Distribution Per Share Class I: $0.104167
Declared Distribution Per Share Class S: $0.104167
Net Asset Value Determination Date: May 31, 2025
Total Assets: $1.33 billion
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