Monroe Capital (Monroe) has sponsored MCAP Acquisition Corporation, a special purpose acquisition company (SPAC).
In 2018, Monroe co-sponsored Thunder Bridge Acquisition, Lt. and supported its successful business combination with Repay Holdings Corporation. In 2019, Monroe co-sponsored Thunder Bridge Acquisition, Ltd II, which has entered into a definitive merger agreement with indie Semiconductor.
The Company is led by CEO and Chairman Theodore Koenig, who is President, CEO & Founder of Monroe Capital and has been the CEO and Chairman of Monroe Capital Corporation since 2011. He is joined by Co-President Zia Uddin, who is a Partner at Monroe Capital; Co-President Mark Solovy, who serves as a Managing Director and Co-Head of the Technology Finance Group at Monroe Capital; and CFO Scott Marienau, who is the CFO of Monroe Capital’s management company. Further, the Company will leverage the significant industry expertise of its eight-person advisory board.
“We are excited to offer a SPAC as another vehicle for Monroe’s investment platform,” says Koenig stated. “It will offer a different and compelling way for our clients to go public versus a traditional IPO. The SPAC will offer non-control, minority investment for a company looking to fund growth and acquisitions.”
Read more at: Private Equity Wire
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