Monroe Capital Supports FFL Partners’ Anova
Chicago, IL, December 17, 2019
Monroe Capital LLC (“Monroe”) today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the merger of Anova and Silicon Controls, an existing portfolio company of FFL Partners.
Based in New Providence, New Jersey, Anova is a global leader in remote asset monitoring solutions for the industrial gas, propane, oil & gas, and fuel & lubes industries. Anova provides wireless sensors and cloud-based analytics to track a variety of metrics such as level, pressure, and temperature. Silicon Controls is a provider of the Gaslog solution and a player in the global LPG industry. The combined capabilities of the two companies position Anova to help its customer base transform logistics, redefine consumer services and expand its geographic footprint.
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; Global M&A Network as the 2019 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.