|By Business Wire||
|February 11, 2014 06:00 AM EST||
Monroe Capital LLC today announced the funding of a senior secured credit facility to support the purchase of a controlling stake in Data Physics Corporation by Battery Ventures.
Based in San Jose, California, Data Physics Corporation designs and manufactures test and measurement equipment and software for acoustic testing, machinery diagnostics, shock and drop testing, structural vibration testing, and shaker testing applications. The company offers signal analyzers, vibration control systems, shakers, amplifiers and accessories, underwater acoustics products, and post-contract support services. Data Physics serves customers in a wide range of industries including, among others, aerospace, defense, automotive, and electronics.
Ted Koenig, President & CEO of Monroe Capital, said, “We were pleased that Battery Ventures had the confidence in Monroe to provide a financing solution to support the purchase of a controlling stake in this leading-edge technology company. This investment represents Monroe’s dedication and expertise within the technology space as we continue to expand our vertical.”
About Monroe Capital
Monroe Capital is a private investment firm providing senior and junior debt and equity co-investments to middle-market companies in the U.S. and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital prides itself on its flexible investment approach and its ability to close and fund transactions quickly. Monroe is committed to being a value-added and user-friendly partner to owners, senior management and private equity sponsors. To learn more about Monroe Capital, visit www.monroecap.com.
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