CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on the funding of a $55 million unitranche financing to support the growth of Incipio Technologies, Inc. (“Incipio”).
“After a record year for the company in 2014, I am pleased to announce our new partnership with Monroe Capital, who shares the same entrepreneurial spirit that has made Incipio successful,” said Andy Fathollahi, founder and CEO of Incipio. “The new unitranche credit facility will provide us with increased flexibility as we continue to grow – both organically and through acquisitions – within the rapidly expanding mobile device accessories industry.”
Based in Irvine, California, Incipio is a leading designer and manufacturer of award winning mobile device accessories and technology. Incipio is widely recognized for consistently creating state of the art protective solutions for the mobile industry. Incipio’s products are sold worldwide in leading consumer and electronics retailers, mobile retailers and through www.incipio.com.
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, 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 Global M&A Network as the 2013 and 2014 Small Mid Market Lender of the Year and by Private Debt Investor as the 2013 Unitranche Lender of the Year. To learn more about Monroe Capital LLC, visit www.monroecap.com.