Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a $57.5 million senior credit facility to support Battery Ventures’ acquisition of Physical Security Business Unit (PSBU), previously part of the security division of publicly listed NICE Systems.
 
PSBU, renamed Qognify, will build on its leadership in the physical-security and mission-critical operations markets to further help clients capture, analyze and leverage big data to anticipate, manage and mitigate security and safety risks, as well as to maintain business continuity and optimize operations. The company’s customers include banks, utility companies, airports, seaports, city centers and transportation systems, as well as venues hosting sporting events and major tourist attractions.
 
This transaction is representative of Monroe Capital’s extensive capabilities in its technology vertical.
 
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 has been recognized by Global M&A Network as the 2013 and 2014 Small Mid-Market Lender of the Year, Private Debt Investor as the 2013 Unitranche Lender of the Year and 2014 Senior Lender of the Year, and the U.S. Small Business Administration as the 2015 Small Business Investment Company (SBIC) of the Year.