Monroe Capital said Tuesday it provided a $36 million loan to support L Squared Capital Partners’ buy of Virtium. Rancho Santa Margarita, California-based Virtium provides memory and embedded solid state drive products to the industrial market.
CHICAGO–(BUSINESS WIRE)–Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on the funding of a $36 million unitranche credit facility to support the acquisition of Virtium by private equity sponsor, L Squared Capital Partners.
Founded in 1997 and based in Rancho Santa Margarita, California, Virtium is a leading provider of customized, ruggedized, and highly engineered industrial memory and embedded solid state drive products to the industrial market. In recent years, the company has experienced significant growth as a result of increasing demand for highly customized memory and storage products.
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.