Monroe Capital Backs Webster Recap of MooreCo
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Monroe Capital Backs Webster Recap of MooreCo

Monroe Capital has provided a $37.9 million unitranche credit facility to support the recapitalization of MooreCo, a portfolio company of Webster Capital.

MooreCo is a manufacturer, designer and distributor of educational and commercial furniture products.  The company markets its products primarily through its Best-Right and Balt divisions. Originally a manufacturer of printer stands, MooreCo has expanded its commercial furniture product line and acquired several proprietary brands to give the company a sizeable position in the educational furniture and equipment market as well as a growing presence in the commercial furniture markets.  MooreCo is based in Temple, TX (www.moorecoinc.com).

Monroe Capital is a specialty finance company providing senior and junior debt to middle-market companies. The firm 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. Monroe Capital is based in Chicago (www.monroecap.com).

Webster Capital invests in branded consumer, business- to-business, and healthcare services companies with EBITDAs from $3 million to $15 million and transaction values less than $100 million. The firm is currently investing Webster Capital II, a $205 million fund which closed in 2007.  Webster was founded in 2003 and is based in Waltham, MA (www.webstercapital.com).

© 2013 PEPD • Private Equity’s Leading News Magazine • 1-29-13

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