Monroe Capital LLC has provided $49.3 million in financing to back Highland Avenue Capital Partners‘ acquisition of an unnamed specialty chemical platform. Monroe Capital provides private credit solutions to borrowers in the U.S. and Canada.
CHICAGO–(BUSINESS WIRE)–Monroe Capital LLC today announced it acted as sole capital provider on the funding of a $49.3 million credit facility and equity co-investment to support the acquisition of a specialty chemical platform (“Company”) by the private equity sponsor, Highland Avenue Capital Partners, LLC.
Founded in 2004, the Company manufactures and distributes specialty chemicals for a wide range of end markets. The Company offers various industrial, agriculture and other specialty chemicals.
This transaction is representative of Monroe Capital’s focus on its independent sponsor vertical. The independent sponsor finance vertical focuses on providing comprehensive “one-stop” solutions for independent sponsors seeking financing for acquisitions, mergers, business combinations and recapitalizations.
“Monroe Capital understood the independent sponsor process and was able to perform due diligence and close in a very tight time frame to support us on this transaction,” said Christopher Bryan, Managing Partner and Founder of Highland Avenue Capital Partners.
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.