Monroe Capital Supports Thunder Bridge Acquisition, Ltd.’s Successful Business Combination with REPAY

Monroe Capital LLC (Monroe) today announced that on July 11, 2019, Monroe closed a $25 million private investment in a public equity (PIPE) transaction, which was previously announced on May 9, 2019, supporting the successful close of the business combination of Repay Holdings, LLC, together with its parent, Hawk Parent Holdings, LLC (together, REPAY), and Thunder Bridge Acquisition, Ltd. (Thunder Bridge), a special purpose acquisition company.

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Business Wire, Inc.
Retrieved on: 
Wednesday, July 17, 2019
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Finance, Professional services, Other Professional Services, Small business, Drexel Burnham Lambert, Finance, Financial services
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Illinois, United States
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MONROE CAPITAL
Summary
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  • Monroe Capital LLC (Monroe) today announced that on July 11, 2019, Monroe closed a $25 million private investment in a public equity (PIPE) transaction, which was previously announced on May 9, 2019, supporting the successful close of the business combination of Repay Holdings, LLC, together with its parent, Hawk Parent Holdings, LLC (together, REPAY), and Thunder Bridge Acquisition, Ltd. (Thunder Bridge), a special purpose acquisition company.
  • In connection with the closing of the business combination, which closing was previously announced on July 11, 2019, Thunder Bridge acquired REPAY for approximately $580.7 million in total consideration.
  • The business combination was approved by Thunder Bridges shareholders at an extraordinary general meeting held on July 10, 2019.
  • Monroe Capital LLC (Monroe) is a private credit asset management firm specializing in direct lending and opportunistic private credit investing.


Monroe Capital LLC (“Monroe”) today announced that on July 11, 2019, Monroe closed a $25 million private investment in a public equity (“PIPE”) transaction, which was previously announced on May 9, 2019, supporting the successful close of the business combination of Repay Holdings, LLC, together with its parent, Hawk Parent Holdings, LLC (together, “REPAY”), and Thunder Bridge Acquisition, Ltd. (“Thunder Bridge”), a special purpose acquisition company. In connection with the closing of the business combination, which closing was previously announced on July 11, 2019, Thunder Bridge acquired REPAY for approximately $580.7 million in total consideration. The business combination was approved by Thunder Bridge’s shareholders at an extraordinary general meeting held on July 10, 2019. Monroe also acted as a member of the sponsor group of Thunder Bridge.

REPAY is a leading provider of vertically-integrated payment solutions. Upon completion of the business combination, Thunder Bridge changed its name to Repay Holdings Corporation, and its common stock and warrants are trading on the Nasdaq Stock Market under the ticker symbol “RPAY” and “RPAYW,” respectively.

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 2019 Best US Direct Lending Fund; Private Debt Investor as the 2018 Lower Mid-Market Lender of the Year; Global M&A Network as the 2018 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.

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