Monroe Capital has provided a $16.5 million unitranche facility to support the acquisition of FTJ FundChoice by Seaport Capital Partners.
FTJ FundChoice provides technology enabled mutual fund trading platforms to investment advisors nationwide. The company was founded in 2001 and is based in Hebron, KT (www.ftjfundchoice.com).
“We were extremely pleased to have Monroe Capital as a financing partner in our acquisition of FTJ. Monroe Capital was able to provide a flexible capital structure and close our transaction in a timely manner. We appreciate the relationship we have developed with the Monroe Capital team,” said Bill Luby, a founding Partner of Seaport Capital Partners.
Seaport Capital invests from $5 million to $20 million of mezzanine debt and equity in US based companies with $3 million to $15 million of EBITDA. Industries of interest include online advertising, education services, co-location and managed services, communication towers, business process outsourcing, event & sponsorship marketing, late stage software, and fiber networks. The firm is based in New York (www.seaportcapital.com).
“We were pleased that Seaport Capital Partners had the confidence in Monroe to provide a financing solution to support the acquisition of this unique service business. We look forward to working with the team as they execute on their growth objectives,” said Theodore Koenig, President and Chief Executive Officer of Monroe Capital.
Monroe Capital is a specialty finance company providing senior and junior debt to middle-market companies. Monroe Capital specializes in originating, structuring and providing one-stop financings. Investment types include senior and junior secured debt as well as bridge loans, acquisition facilities, mezzanine or last-out secured loans and equity co-investments. The firm is based in Chicago, IL (www.monroecap.com).
