Monroe Capital acted as sole lead arranger on the funding of a senior credit facility to support the refinancing of Caravel Autism Health and its future growth. Caravel is an existing portfolio company of Frazier Healthcare Partners.
Caravel provides center-based and home-based autism therapy, focused on the principles of ABA, with an emphasis on early intervention (ages 18 months to five years). The company operates more than 40 clinics in Wisconsin, Illinois, Minnesota, Washington, Iowa and Idaho. Its services include evaluation and diagnosis, treatment and therapy and social skills training provided by a team of more than 1,000 clinicians, including more than 100 board-certified behavioral analysts.
