SNI Companies grabs $35 mln from Monroe Capital

SNI Companies has received a $35 million unitranche credit facility from Monroe Capital. According to the company, the loan will be used to support refinancing and growth. Based in Des Moines, Iowa, SNI Company is a provider of professional staffing specializing in the accounting, finance, information technology, administrative and legal sectors.

Monroe Capital provides senior secured term loan to BookIt.com

Monroe Capital has funded a $10 million senior secured term loan to support the growth of BookIt.com. Based in Panama City, Florida, BookIt.com is a privately-held online travel agency providing customers travel packages to leisure destinations in the United States, Mexico and the Caribbean.

Monroe Capital backs Summit Container Corporation acquisition

Monroe Capital has provided a unitranche credit facility and equity co-investment to support the acquisition of Summit Container Corporation by 127 Summit Holdings LLC. Headquartered in Monument, Colorado, Summit is a niche-oriented, full service corrugated manufacturing company that designs, manufactures, and sells highly engineered protective packaging to various customers.

Monroe Capital expands healthcare practice

Monroe Capital has appointed Matthew Evans to the firm’s healthcare team as managing director in its Chicago office. Prior to Monroe, Matt was a principal at Beverly Capital, a healthcare focused private equity firm.

Monroe Capital closes direct loan fund

Monroe Capital has closed Monroe Capital Senior Secured Direct Loan Fund LP, a $500 million leveraged loan fund that will invest in senior debt transactions originated and underwritten by Monroe Capital LLC. The fund closed above its $400 million target.

Monroe Capital hires Southern California group head

Monroe Capital has appointed Bradley Nii as managing director in its Los Angeles office. Nii will serve as the firm’s group head for the Southern California region. Woo, also located in Los Angeles, will continue in his current role as a partner of Monroe Capital Partners Fund, an SBIC fund formed in 2011.

Monroe Capital backs Gem Shopping Network

Monroe Capital has provided a $27.5 million senior secured credit facility to support the acquisition of Gem Shopping Network by an affiliate of Sun Capital Partners. Based in Duluth, Georgia, Gem Shopping Network is a retail business specializing in the sale of unique, high quality colored gemstones and jewelry, primarily through its live TV network.

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