Mud Pie LLC has acquired the stake in the company owned by Lineage Capital LLC. Monroe Capital LLC provided the subordinated debt funding that allowed Mud Pie to return to 100 percent family ownership. Atlanta-based Mud Pie makes affordably priced gifts for the home and hostess, for babies and toddlers, seasonal and holiday gifts and a collection of fashion and fashion accessories.
CHICAGO–(BUSINESS WIRE)–Monroe Capital LLC today announced the funding of a subordinated debt facility to support the acquisition of the Lineage Capital, LLC stake in Mud Pie, LLC. The debt recapitalization returns Mud Pie to 100% family ownership and provides the resources and financial flexibility necessary to continue the rapid growth of its branded market presence.
Based in Atlanta, Georgia, Mud Pie is an award-winning manufacturer of innovatively designed and affordably priced gifts for the home and hostess, for babies and toddlers, seasonal and holiday gifts and a collection of fashion and fashion accessories. Many of Mud Pie’s unique items are packaged ready-to-give and are available in over 16,000 specialty retailers and department stores.
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, by Private Debt Investor as the 2013 Unitranche Lender of the Year and 2014 Senior Lender of the Year, and by 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.