Monroe Capital Supports Altamont Capital Partners’ Acquisition of Specialized Packaging Group

Monroe Capital LLC (Monroe) today announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisition of Specialized Packaging Group (SPG) by private equity sponsor Altamont Capital Partners.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Wednesday, January 13, 2021
Information
Tags: 
Packaging, Professional services, Manufacturing, Finance, Finance, Money, Economy, Investment, Corporate finance, Private equity, Financial sponsor, Private credit
Geotags: 
Illinois, United States, NORTH AMERICA, MEXICO, SAN FRANCISCO, CHICAGO, LOS ANGELES, CANADA, BOSTON, NEW YORK
⚠ generated by AI ↴
Organisation: 
MONROE CAPITAL
Summary
Key Points: 
  • Monroe Capital LLC (Monroe) today announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisition of Specialized Packaging Group (SPG) by private equity sponsor Altamont Capital Partners.
  • SPG is a vertically-integrated provider of protective packaging products and one of the largest independent manufacturers of protective packaging in North America.
  • Monroe Capital LLC (Monroe) is a private credit asset management firm specializing in direct lending and opportunistic private credit investing.
  • Monroe is committed to being a value-added and user-friendly partner to business owners, senior management, and private equity and independent sponsors.


Monroe Capital LLC (“Monroe”) today announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisition of Specialized Packaging Group (“SPG”) by private equity sponsor Altamont Capital Partners.

SPG is a vertically-integrated provider of protective packaging products and one of the largest independent manufacturers of protective packaging in North America. The Company operates under two divisions, IVEX and Engineered Packaging. IVEX manufactures a range of packaging materials at six facilities across the U.S., Canada and Mexico, and Engineered Packaging, which is comprised of Induspac and Estapack, designs and manufactures customized packaging solutions at eight facilities in the U.S. and Mexico.

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, Los Angeles, New York, and San Francisco.

Monroe has been recognized by Creditflux as the 2020 Best U.S. Direct Lending Fund; Pension Bridge as the 2020 Private Credit Strategy of the Year; Global M&A Network as the 2020 Small Middle Markets Lender of the Year; Private Debt Investor as the 2018 Lower Mid-Market 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.

Copyright: 
Copyright Business Wire 2021