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
Image Source
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.