Monroe Capital closes $358 mln collateralized loan

Monroe Capital has closed a $358 million term debt securitization known as Monroe Capital CLO 2014-1. Monroe sold securities rated from AAA through BB as well as equity interests while retaining some of the equity itself. Deutsche Bank served as the lead manager, structuring agent and bookrunner.


Monroe fires Woo for allegedly taking confidential info; Woo fires back

Monroe Capital LLC is suing Warren Woo, a former managing director, for allegedly stealing information to help launch a rival firm, Breakaway Capital. In response, Woo called the suit a “direct retaliation” for his complaints about management and said the firm knew of his desire to leave for several months


Monroe Capital backs Pharos Capital’s buy of EBS

Monroe Capital has provided a $15.5 million credit facility to support Pharos Capital‘s acquisition of Employee Benefit Solutions. Based in White Plains, NY, EBS is a provider of healthcare cost containment and wellness programs for small and mid-sized employers.

SBIA announces 2014 Midwest Private Equity Conference

The Small Business Investor Alliance, an association for lower middle market private equity funds and investors, said Wednesday that its 2014 Midwest Private Equity Conference will be held May 29-30 at the Ritz-Carlton Water Tower in Chicago. The keynote speaker will be Tom Ricketts, chairman and owner of the Chicago Cubs and chairman of Incapital. Another highlight will be a sesson on the state of the lower middle market moderated by B. Graeme Frazier IV, a partner at GF Data Resources and featuring a panel that includes Thomas Affolter, SBIA Midwest regional president and principal at Victory Park Capital, Greg Gorlinski, managing director at Cleary Gull and Tom Aronson, managing director and principal at Monroe Capital.


Monroe Capital backs Gracelock Industries

Monroe Capital has backed a $20.8 million unitranche credit facility to support the growth of Gracelock Industries. Based in Los Angeles, California, Gracelock Industries is an e-commerce provider to the marine, power sports, and home décor industries with operations throughout North America.


Monroe Capital appoints Stern as MD

Monroe Capital has appointed Lee Stern to the firm as managing director in its New York office. Prior to Monroe Capital, Stern was a managing director at Levine Leichtman Capital Partners.

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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