Monroe Capital Supports Platte River Equity’s Acquisition of MFG Chemical
Chicago, IL, June 29, 2017
Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on the funding of a $45 million senior credit facility to support the acquisition of MFG Chemical, LLC (“MFG”) by private equity sponsor, Platte River Equity.
Founded in 1981 and based in Dalton, Georgia, MFG is a specialty chemical manufacturer of surfactants, polymers, and esters. The company offers a diverse range of technical formulation capabilities on both a proprietary and contract manufacturing basis. MFG’s chemistries are utilized in various applications in the oil field, water treatment, mining, coatings, and agricultural markets.
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, asset 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 Private Debt Investor as the 2016 Lower Mid-Market Lender of the Year; M&A Advisor as the 2016 Lender Firm of the Year; Global M&A Network as the 2016 Small Middle Markets Lender of the Year; and 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.