SNH Capital Partners said Jan. 29 that it completed a second recapitalization of portfolio company National Credit Center. Monroe Capital LLC provided the financing through an upsizing of its senior credit facility. NCC, of Las Vegas, provides data solutions to maximize automotive dealer performance.
Monroe Capital Increases Credit Facility to National Credit Center, an Affiliate of SNH Capital Partners
Chicago, IL, January 29, 2019 – Monroe Capital LLC (“Monroe”) and SNH Capital Partners (“SNH”) announced today the completion of a second recapitalization of National Credit Center (“NCC”), an SNH portfolio company. Monroe provided the financing through an upsizing of its senior credit facility.
Based in Las Vegas, Nevada and founded in 1996, NCC is a leading provider of comprehensive data solutions to maximize automotive dealer performance.
“NCC continues to experience tremendous growth and we are excited about the Company’s financial trajectory. Monroe has been an outstanding partner to SNH and NCC,” stated Jevin Sackett, CEO and Managing Partner of SNH Capital Partners.
“We are delighted to have executed this transaction, which is representative of Monroe’s financing capabilities to sponsors like SNH,” commented Tom Aronson, Managing Director and Partner of Monroe Capital.
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 debt financing to businesses, special situation borrowers, and private equity sponsors. Investment types include cash flow, enterprise value and asset-based loans; unitranche financings; 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 US 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 www.monroecap.com.
About SNH Capital Partners
SNH Capital Partners is a U.S.-based, private equity investor dedicated to acquiring and transforming companies in the lower middle-market. SNH has an active strategic presence in each of its core industries, partnering with best-in-class management teams to develop growth platforms across technology and technology-enabled business services leveraging its investment and operational resources. SNH’s portfolio companies are market-leading and rapidly growing providers of information, technology, and other business services across various industries. For more information, please visit www.snhcapitalpartners.com.
About National Credit Center
National Credit Center is a data driven company leveraging credit and financial attributes that fuel customer decisioning for retail automotive. Founded in 1996, NCC has been providing the automotive industry with comprehensive credit reporting and compliance solutions that enable dealerships to increase sales, drive user engagement and improve operational efficiencies. For more information on the Company, its products and services, please visit www.nccdirect.com.