Monroe Capital backs PE-backed ProPharma’s acquisition of Xendo

Monroe Capital has increased its credit facility to ProPharma to support its acquisition of Xendo, a Dutch provider of compliance consulting, engineering & technical support, regulatory affairs, and pharmacovigilance services for the biopharmaceutical, medical device and healthcare industries. No financial terms were disclosed. ProPharma is backed by Linden Capital Partners.

PRESS RELEASE

Chicago, IL, August 21, 2018 – Monroe Capital LLC today announced an increase in its credit facility to ProPharma Group (“ProPharma”) to support the acquisition of Xendo Holding B.V. (“Xendo”). ProPharma is an existing portfolio company of Linden Capital Partners.

Based in the Netherlands, Xendo is a provider of compliance consulting, engineering & technical support, regulatory affairs, and pharmacovigilance services to the (bio)pharmaceutical, medical device and healthcare industries. This acquisition expands ProPharma’s geographic coverage for compliance consulting services to include Europe and adds additional high-value regulatory affairs and pharmacovigilance services making ProPharma a single-source, global independent provider of compliance, regulatory affairs, pharmacovigilance, and medical information solutions.

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 senior and junior debt financing to businesses, special `situation borrowers, and private equity sponsors. Investment types include unitranche financings; cash flow, asset based and enterprise value based loans; 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, Dallas, Los Angeles, New York, and San Francisco.

Monroe has been recognized by Creditflux as the 2018 Best U.S. Direct Lending Fund; Private Debt Investor as the 2017 Lower Mid-Market Lender of the Year; Global M&A Network as the 2017 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 monroecap.com.