Monroe Capital Provides Unitranche Facility to PLAYTIME
Monroe Capital announced the funding of a unitranche credit facility and equity co-investment to support the recapitalization of PLAYTIME by private equity sponsor, Geneva Glen Capital.
Theodore L. Koenig, president and chief executive officer of Monroe Capital, said, “We very much appreciated the confidence Geneva Glen Capital had in Monroe Capital to finance this recapitalization of a family-owned and operated business. We strived very hard to be responsive and fund within a very short time period.”
Adam Schecter, managing director of Geneva Glen Capital, said, “Monroe Capital was able to complete the financing of our recapitalization in less than three weeks, start to finish. Their ability to understand our investment thesis and the growth potential of our investment was critical in completing our recapitalization in an expedited time frame.”
Englewood, CO-based PLAYTIME is a global provider of unique, interactive healthy play areas and playground equipment for indoor, outdoor and water play.