Monroe Capital completed a $25 million private investment in a public equity transaction (PIPE), supporting the successful close of the business combination of Repay Holdings and its parent, Hawk Parent Holdings (together, REPAY), and Thunder Bridge Acquisition.
In connection with the closing of the business combination, Thunder Bridge acquired REPAY for approximately $580.7 million in total consideration. The business combination was approved by Thunder Bridge’s shareholders at an extraordinary general meeting held on July 10, 2019.
Monroe also acted as a member of the sponsor group of Thunder Bridge.
REPAY is a provider of vertically-integrated payment solutions. Upon completion of the business combination, Thunder Bridge changed its name to Repay Holdings Corporation, and its common stock and warrants are trading on the Nasdaq Stock Market under the ticker symbol “RPAY” and “RPAYW,” respectively.
