Monroe Capital said Tuesday that it provided a $50 million unitranche credit facility to support Z Capital‘s Hot Rod Brands‘ buy of MSD Performance Group. Based in El Paso, Texas, MSDP is a provider of vehicle aftermarket performance parts.
Chicago, IL, December 17, 2013 – Monroe Capital LLC today announced the funding of a $50 million unitranche credit facility to support the acquisition of MSD Performance Group (“MSDP”) by Hot Rod Brands, LLC, an affiliate of Z Capital Partners L.L.C.
Based in El Paso, Texas, MSDP is one of the world leaders in vehicle aftermarket performance brands. MSDP operates in the street enthusiast, professional racer and powersports markets where they maintain industry leading market share positions across all of their product categories under the MSD®, Racepak®, Superchips® and Edge® brands.
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. To learn more about Monroe Capital LLC, visit www.monroecap.com.