Monroe Capital said June 20 that it acted as administrative agent on a $260 million loan to back Clearlake Capital Group’s buy of Dude Solutions Inc. Other lenders include BlackRock Capital Investment Advisors LLC, as well as Owl Rock Capital, and Vista Credit Partners.
CHICAGO–(BUSINESS WIRE)–Monroe Capital LLC today announced it acted as administrative agent on the funding of a $260 million senior credit facility to support the acquisition of Dude Solutions, Inc. (“Dude Solutions”) by Clearlake Capital Group, L.P. Other lenders participating in this transaction include funds and accounts under management by BlackRock Capital Investment Advisors, LLC, as well as Owl Rock Capital, and Vista Credit Partners.
Based in Cary, North Carolina, Dude Solutions is a market leading provider of cloud-based operations management software that automates mission-critical enterprise asset management workflows such as work order, inventory, energy, capital planning, facility scheduling, and community development. Dude Solutions provides an end-to-end SaaS solution for its over 12,000 clients in the education, government, healthcare and manufacturing verticals.
About Monroe Capital
Monroe Capital LLC (“Monroe”) is a private credit asset management firm specializing in direct lending and opportunistic private credit investing. Since 2004, the firm has provided private credit solutions to borrowers in the U.S. and Canada. Monroe’s middle market lending platform provides debt financing to businesses, special situation borrowers, and private equity sponsors. Investment types include cash flow, enterprise value and asset-based loans; unitranche financings; and equity co-investments. Monroe is committed to being a value-added and user-friendly partner to business owners, senior management, and private equity and independent sponsors. The firm is headquartered in Chicago and maintains offices in Atlanta, Boston, Los Angeles, New York, and San Francisco.
Monroe has been recognized by Creditflux as the 2019 Best US Direct Lending Fund; Private Debt Investor as the 2018 Lower Mid-Market Lender of the Year; Global M&A Network as the 2018 Small Middle Markets Lender of the Year; M&A Advisor as the 2016 Lender Firm of the Year; and the U.S. Small Business Administration as the 2015 Small Business Investment Company (SBIC) of the Year. For more information, please visit www.monroecap.com.