Mooreland Partners: Mooreland Partners advises ZPower on $25 million growth loan

Leading silver-zinc, rechargeable battery manufacturer raises growth capital
from MidCap Financial and Apollo Investment Corporation 

NEW YORK, 2018-01-23 13:08 CET (GLOBE NEWSWIRE) --
Mooreland Partners (www.moorelandpartners.com) the leading independent
investment bank providing M&A and private capital advisory services to growth
sectors of the economy, today announced that it acted as the exclusive
financial advisor to ZPower on securing a $25 million growth loan from MidCap
Financial and Apollo Investment Corporation (NASDAQ:  AINV). 

"ZPower is a leading innovator in the area of rechargeable microbatteries which
are used in a variety of consumer and medical applications.  The Company's
strong growth, intellectual property, and management capabilities made it an
ideal candidate for a growth loan," said Phil Kwun, Managing Director at
Mooreland Partners. "Through key additions to its senior team in the last year,
Mooreland has created a strong capability to advise clients on the private debt
market for growth loans at a time when companies are seeking less dilutive ways
to finance predictable growth," added Stephen Schweich, Managing Director at
Mooreland Partners.   Mooreland was able to complete this transaction in about
90 days. 

ZPower, with headquarters and manufacturing facilities in Camarillo,
California, is the world's only developer of rechargeable silver-zinc batteries
for microbattery applications. ZPower batteries deliver unmatched performance,
safety, and environmental sustainability. ZPower has had rapid growth launching
new rechargeable battery solutions for the hearing aid battery market and
consumer wearables market. ZPower is ISO certified and its facilities and
devices are registered with the FDA. For more information, visit
www.zpowerbattery.com. 

MidCap Financial is a middle market-focused, specialty finance firm that
provides senior debt solutions to companies across all industries. MidCap
provides a broad array of products intended to finance growth and manage
working capital. As of December 31, 2017, MidCap Financial had $15 billion of
commitments under management. Since founding in 2008, MidCap has been working
with management teams and sponsors to deliver thoughtful and cost-effective
debt solutions. MidCap Financial is managed by Apollo Capital Management, L.P.,
a subsidiary of Apollo Global Management, LLC, pursuant to an investment
management agreement. For more information, visit www.midcapfinancial.com. 

Apollo Investment Corporation (NASDAQ: AINV) is a closed-end investment company
that has elected to be treated as a business development company under the
Investment Company Act of 1940. The Company invests primarily in various forms
of debt investments, including secured and unsecured debt, loan investments,
and/or equity in private middle-market companies. The Company may also invest
in the securities of public companies and structured products and other
investments such as collateralized loan obligations and credit-linked notes.
The Company seeks to provide private financing solutions for private companies
that do not have access to the more traditional providers of credit. Apollo
Investment Corporation is managed by Apollo Investment Management, L.P., an
affiliate of Apollo Global Management, LLC, a leading global alternative
investment manager. For more information, please visit www.apolloic.com. 

Founded in 2002, Mooreland Partners is a leading independent investment bank
providing M&A and private capital advisory services to the global technology
industry, serving clients from its offices in London, New York, and Silicon
Valley. Mooreland's team of over 50 professionals delivers industry domain and
transaction expertise across all major technology and growth sectors including
industrial electronics, enterprise software, mobile, digital media, consumer,
e-commerce and fintech.  Learn more at www.moorelandpartners.com; read our
blog. 

                                        

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