Financial Services >> CEO Interviews >> December 11, 2015

Interview with the President and CEO and the CFO: Capital Southwest Corporation (NASDAQ:CSWC)

Diehl, Bowen S.
Bowen S. Diehl is President and Chief Executive Officer of Capital Southwest Corporation and leads the firm’s investment activities and strategic direction. Mr. Diehl joined Capital Southwest as Chief Investment Officer in 2014. He brings almost 20 years of experience in sourcing, structuring and managing investments in a variety of industries. Mr. Diehl came to Capital Southwest from American Capital, Ltd., which he joined in 2001 and was a managing director since 2007. He has closed investments in 15 platform companies and several add-on acquisitions, representing over $1.1 billion of invested capital. Mr. Diehl’s investments have been in a variety of industries including industrial manufacturing, health care, business services and consumer finance. Mr. Diehl earned a Bachelor of Engineering degree, with majors in environmental/geotechnical engineering and economics, from Vanderbilt University and a Master of Business Administration from the University of Texas at Austin. Profile
Sarner, Michael S.
Michael S. Sarner joined Capital Southwest in 2015 and currently serves as Chief Executive Officer, bringing over 30 years of experience in finance, treasury, and BDCs. Leveraging his extensive background in financial services, Mr. Sarner has built best-in-class teams and innovative solutions to support the company’s growth. Under his leadership, his team has raised over $2 billion in debt and equity financing and secured Investment Company Ratings from Moody’s Investor Services and Fitch Ratings. As CEO, Mr. Sarner is responsible for the firm’s strategic direction. He serves as Chair of the Investment Committee and is a member of the CSWC board of directors. Before joining Capital Southwest, he spent 15 years at American Capital, Ltd., holding various financial leadership roles, including Senior Vice President of Treasury. Mr. Sarner received a Bachelor in Business Administration/Accounting from James Madison University and a Master in Finance from George Washington University’s School of Business and Public Management. He is a Certified Public Accountant. Mr. Sarner lives in Dallas with his wife and three sons. Profile
TWST: Capital Southwest initiated somewhat of a reorganization in September. Can you tell us about that?

Mr. Diehl: Capital Southwest went public in 1961 with a $15 million offering,