Monroe Capital has announced the funding of a unitranche credit facility and equity co-investment to support the recapitalization of PLAYTIME by private equity sponsor, Geneva Glen Capital. Based in Englewood, Colo, PLAYTIME is a provider of interactive healthy play areas and playground equipment for indoor, outdoor and water play.
Monroe Capital LLC announced the funding of a unitranche credit facility and equity co-investment to support the recapitalization of PLAYTIME, LLC by private equity sponsor, Geneva Glen Capital.
Based in Englewood, Colo., PLAYTIME is a global provider of unique, interactive healthy play areas and playground equipment for indoor, outdoor and water play. The company markets, designs, manufactures and installs custom soft sculpted play areas in many market segments including shopping centers, restaurants, airports, stadiums, childcare centers, healthcare centers, fitness centers, churches, resorts, recreation centers, water parks, and museums. Founded in 2001, PLAYTIME has completed thousands of installations in all 50 states and 20 countries.
Theodore L. Koenig, President and Chief Executive Officer of Monroe Capital, said, “We very much appreciated the confidence Geneva Glen Capital had in Monroe Capital to finance this recapitalization of a family-owned and operated business. We strived very hard to be responsive and fund within a very short time period.”
Adam Schecter, Managing Director of Geneva Glen Capital, said, “Monroe Capital was able to complete the financing of our recapitalization in less than three weeks, start to finish. Their ability to understand our investment thesis and the growth potential of our investment was critical in completing our recapitalization in an expedited time frame.”
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.