Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior term loan to support the acquisition of Twin-Star International, Inc. (“Twin-Star”) by private equity sponsor, Z Capital Partners, L.L.C.
Headquartered in Delray Beach, FL, Twin-Star designs, manufactures and markets a broad line of decorative electric fireplaces, heaters, home furnishings and consumer electronics. With a track record of cutting-edge innovation, exceptional product quality and outstanding customer service, the company has achieved the leading market position in the growing electric fireplace category and is the primary supplier to many retailers across North America.
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, asset-based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe is committed to being a value-added and user-friendly partner to owners, senior management and private equity sponsors. Monroe has been recognized by Global M&A Network as the 2015, 2014, and 2013 Small Middle Markets Lender of the Year; Private Debt Investor as the 2015 Lower Mid-Market Lender of the Year, the 2014 Senior Lender of the Year, and the 2013 Unitranche Lender of the Year; and the U.S. Small Business Administration as the 2015 Small Business Investment Company (SBIC) of the Year.