Monroe Capital said Thursday it increased a loan to support Intelius Holdings Inc.’s buy of Classmates Inc. Seattle-based Classmates operates an online social network service in the United States that aims to bring high school alumni together. Intelius is a portfolio company of H.I.G. Capital.
CHICAGO–(BUSINESS WIRE)–Monroe Capital LLC today announced an increase in the credit facility to Intelius Holdings, Inc. (“Intelius”) to support the acquisition of Classmates, Inc. (“Classmates”). Intelius is a portfolio company of H.I.G. Capital.
Based in Seattle, Washington, Classmates operates the leading online social network service in the United States for bringing high school alumni together. Classmates serves over 70 million members and enables its users to find and reconnect with high school friends. Intelius is a leading provider of on-demand information about individuals and predictive analytics that can help identify connections to other people, places and things. The partnership of Classmates’ one-of-a-kind social network with Intelius’ proprietary people search technology platform will provide users of both services the ability to connect unlike anywhere else on the web.
About Monroe Capital
Monroe Capital LLC is a leading provider of senior and junior debt and equity co-investments to middle-market companies in the U.S. and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital prides itself on its flexible investment approach and its ability to close and fund transactions quickly. Monroe is committed to being a value-added and user-friendly partner to owners, senior management and private equity sponsors. Monroe has been recognized by Global M&A Network as the 2013 and 2014 Small Mid-Market Lender of the Year, Private Debt Investor as the 2013 Unitranche Lender of the Year and 2014 Senior Lender of the Year, and the U.S. Small Business Administration as the 2015 Small Business Investment Company (SBIC) of the Year. To learn more about Monroe Capital LLC, visit www.monroecap.com.