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Monroe Capital Supports Avathon Capital’s Acquisition of Summit Professional Education

CHICAGO , May 29 /Businesswire/ - Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the acquisition of Summit Professional Education (“Summit”) by Avathon Capital.

Founded in 2004, Summit is a provider of in-person and online continuing and professional education ("CPE") courses for physical therapists and assistants, occupational therapists and assistants, and speech language pathologists. Summit has educated over 400,000 students since inception and offers more than 1,500 courses nationwide. The company's extensive course library, coupled with its experienced base of over 100 instructors and robust technology platform, makes it an essential resource for health care professionals seeking to maintain licensure and enhance their skills through high-quality educational offerings.

About Monroe Capital

Monroe Capital LLC (including its subsidiaries and affiliates, together “Monroe”) is a premier asset management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, opportunistic, structured credit, real estate and equity. Since 2004, the firm has been successfully providing capital solutions to clients in the U.S. and Canada. Monroe prides itself on being a value-added and user-friendly partner to business owners, management, and both private equity and independent sponsors. Monroe’s platform offers a wide variety of investment products for both institutional and high net worth investors with a focus on generating high quality “alpha” returns irrespective of business or economic cycles. The firm is headquartered in Chicago and maintains 10 offices throughout the United States and Asia.

Monroe has been recognized by both its peers and investors with various awards including Private Debt Investor as the 2023 Lower Mid-Market Lender of the Decade, 2023 Lower Mid-Market Lender of the Year, 2023 CLO Manager of the Year, Americas; Inc.’s 2023 Founder-Friendly Investors List; Global M&A Network as the 2023 Lower Mid-Markets Lender of the Year, U.S.A.; DealCatalyst as the 2022 Best CLO Manager of the Year; Korean Economic Daily as the 2022 Best Performance in Private Debt – Mid Cap; Creditflux as the 2021 Best U.S. Direct Lending Fund; and Pension Bridge as the 2020 Private Credit Strategy of the Year. For more information and important disclaimers, please visit www.monroecap.com.


STORY TAGS: Software, Finance, Other Education, Continuing, Professional Services, Technology, Education, Training, United States, North America, Illinois, Merger/Acquisition, Funding, Bond Issue,

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