Monroe Capital acted as sole lead arranger and administrative agent on a $43.5 million senior credit facility to support Wentworth Management Services’ acquisition of Albany, NY-based Purshe Kaplan Sterling Investments, an independent broker-dealer with 485 offices in 50 states.
St. Claire Consultants arranged the debt financing and assisted with the due diligence on the transaction.
“We are delighted to have collaborated with [Dail St. Claire] on this transaction,” said Theodore Koenig, president and CEO of Monroe Capital. “We are also excited to include this wealth management business in Monroe’s portfolio and be part of the solution for retail investors.”
Founded in 2013, St. Claire Consultants provides consultation to lower/middle and middle market businesses on financing and investment solutions and assists early stage alternative management and investment banking firms.
