Monroe Capital acted as sole lead arranger and administrative agent on the funding of a $35 million senior credit facility to support the recapitalization of Trident University International, a portfolio company of Summit Partners since October 2007.
Trident University International is an accredited online provider of post-secondary educational degree programs. The university was founded in 1998 and serves over 12,000 students in all 50 states, US territories, and 67 other countries through a variety of Doctorate, Master’s, and Bachelor’s degree programs in Business, Health Sciences, Education, and Information Systems. Trident is based near Los Angeles in Cypress, CA (www.trident.edu).
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).
Summit Partners provides private equity and venture capital for growth companies. Founded in 1984, Summit has raised more than $16 billion in capital and has provided equity, recapitalization, and management buyout financing to more than 395 companies across a range of industries. Summit Partners has offices in Boston, Palo Alto, London, and Mumbai (www.summitpartners.com).
2014 PEPD • Private Equity’s Leading News Magazine • 10-16-14
