Monroe Capital has provided a senior secured credit facility to support the spin-off of BCC Software from its former parent, Bell and Howell, by private equity sponsor Versa Capital Management. Versa now holds majority ownership positions in both Bell and Howell and BCC.
BCC Software creates postal software applications and provides data marketing services. The company was founded in 1978 and delivered mailing technology solutions under the BCC name for more than 30 years until its purchase by Bell and Howell in 2005. BCC employs approximately 75 people and is based in Rochester, NY (www.bccsoftware.com).
Christopher Lien, President of BCC, will continue to lead the company. Mr. Lien has spent more than 22 years in the data and mailing industries and has received national recognition for his contributions, most recently in his industry election as Industry Chair of the Postmaster General’s Mailers Technical Advisory Committee, a 49-year-old organization with more than 150 members of the mailing industry.
Since launching the firm’s national technology vertical, Monroe Capital has partnered with many of the country’s private equity and venture capital firms to finance software, e-commerce, industrial technology and tech-enabled services companies.
Monroe Capital is a specialty finance company providing senior and junior debt and equity co-investments to middle-market companies. The firm was founded in 2004 and maintains offices in Chicago, Atlanta, Boston, Charlotte, Dallas, Los Angeles, New York and San Francisco (www.monroecap.com).
Versa Capital Management invests in special situations involving middle market companies with revenues in the $50 million to $1 billion range or assets of $25 million to $500 million. The firm has $1.4 billion of capital under management and is based in Philadelphia (www.versa.com).
2014 PEPD • Private Equity’s Leading News Magazine • 6-24-14